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English phrases written mathematically

When the English says: Interpret this as:
X is at least 4. X ≥ 4
The minimum of X is 4. X ≥ 4
X is no less than 4. X ≥ 4
X is greater than or equal to 4. X ≥ 4
X is at most 4. X ≤ 4
The maximum of X is 4. X ≤ 4
X is no more than 4. X ≤ 4
X is less than or equal to 4. X ≤ 4
X does not exceed 4. X ≤ 4
X is greater than 4. X >4
X is more than 4. X >4
X exceeds 4. X >4
X is less than 4. X <4
There are fewer X than 4. X <4
X is 4. X = 4
X is equal to 4. X = 4
X is the same as 4. X = 4
X is not 4. X ≠ 4
X is not equal to 4. X ≠ 4
X is not the same as 4. X ≠ 4
X is different than 4. X ≠ 4

Formulas

Formula 1: factorial

n ! = n ( n 1 ) ( n 2 ) . . . ( 1 )

0 ! = 1

Formula 2: combinations

( n r ) = n ! ( n r ) ! r !

Formula 3: binomial distribution

X ~ B ( n , p )

P ( X = x ) = ( n x ) p x q n x , for x = 0 , 1 , 2 , . . . , n

Formula 4: geometric distribution

X ~ G ( p )

P ( X = x ) = q x 1 p , for x = 1 , 2 , 3 , . . .

Formula 5: hypergeometric distribution

X ~ H ( r , b , n )

P ( X = x ) = ( ( r x ) ( b n x ) ( r + b n ) )

Formula 6: poisson distribution

X ~ P ( μ )

P ( X = x ) = μ x e μ x !

Formula 7: uniform distribution

X ~ U ( a , b )

f ( X ) = 1 b a , a < x < b

Formula 8: exponential distribution

X ~ E x p ( m )

f ( x ) = m e m x m > 0 , x 0

Formula 9: normal distribution

X ~ N ( μ , σ 2 )

f ( x ) = 1 σ 2 π e ( x μ ) 2 2 σ 2 , < x <

Formula 10: gamma function

Γ ( z ) = 0 x z 1 e x d x z > 0

Γ ( 1 2 ) = π

Γ ( m + 1 ) = m ! for m , a nonnegative integer

otherwise: Γ ( a + 1 ) = a Γ ( a )

Formula 11: student's t -distribution

X ~ t d f

f ( x ) = ( 1 + x 2 n ) ( n + 1 ) 2 Γ ( n + 1 2 ) Γ ( n 2 )

X = Z Y n

Z ~ N ( 0 , 1 ), Y ~ Χ d f 2 , n = degrees of freedom

Formula 12: chi-square distribution

X ~ Χ d f 2

f ( x ) = x n 2 2 e x 2 2 n 2 Γ ( n 2 ) , x > 0 , n = positive integer and degrees of freedom

Formula 13: f distribution

X ~ F d f ( n ) , d f ( d )

d f ( n ) = degrees of freedom for the numerator

d f ( d ) = degrees of freedom for the denominator

f ( x ) = Γ ( u + v 2 ) Γ ( u 2 ) Γ ( v 2 ) ( u v ) u 2 x ( u 2 1 ) [ 1 + ( u v ) x 0.5 ( u + v ) ]

X = Y u W v , Y , W are chi-square

Symbols and their meanings

Symbols and their meanings
Chapter (1st used) Symbol Spoken Meaning
Sampling and Data           The square root of same
Sampling and Data π Pi 3.14159… (a specific number)
Descriptive Statistics Q 1 Quartile one the first quartile
Descriptive Statistics Q 2 Quartile two the second quartile
Descriptive Statistics Q 3 Quartile three the third quartile
Descriptive Statistics IQR interquartile range Q 3 Q 1 = IQR
Descriptive Statistics x ¯ x-bar sample mean
Descriptive Statistics μ mu population mean
Descriptive Statistics s s x sx s sample standard deviation
Descriptive Statistics s 2 s x 2 s squared sample variance
Descriptive Statistics σ σ x σx sigma population standard deviation
Descriptive Statistics σ 2 σ x 2 sigma squared population variance
Descriptive Statistics Σ capital sigma sum
Probability Topics { } brackets set notation
Probability Topics S S sample space
Probability Topics A Event A event A
Probability Topics P ( A ) probability of A probability of A occurring
Probability Topics P ( A | B ) probability of A given B prob. of A occurring given B has occurred
Probability Topics P ( A  OR  B ) prob. of A or B prob. of A or B or both occurring
Probability Topics P ( A  AND  B ) prob. of A and B prob. of both A and B occurring (same time)
Probability Topics A A-prime, complement of A complement of A, not A
Probability Topics P ( A ') prob. of complement of A same
Probability Topics G 1 green on first pick same
Probability Topics P ( G 1 ) prob. of green on first pick same
Discrete Random Variables PDF prob. distribution function same
Discrete Random Variables X X the random variable X
Discrete Random Variables X ~ the distribution of X same
Discrete Random Variables B binomial distribution same
Discrete Random Variables G geometric distribution same
Discrete Random Variables H hypergeometric dist. same
Discrete Random Variables P Poisson dist. same
Discrete Random Variables λ Lambda average of Poisson distribution
Discrete Random Variables greater than or equal to same
Discrete Random Variables less than or equal to same
Discrete Random Variables = equal to same
Discrete Random Variables not equal to same
Continuous Random Variables f ( x ) f of x function of x
Continuous Random Variables pdf prob. density function same
Continuous Random Variables U uniform distribution same
Continuous Random Variables Exp exponential distribution same
Continuous Random Variables k k critical value
Continuous Random Variables f ( x ) = f of x equals same
Continuous Random Variables m m decay rate (for exp. dist.)
The Normal Distribution N normal distribution same
The Normal Distribution z z -score same
The Normal Distribution Z standard normal dist. same
The Central Limit Theorem CLT Central Limit Theorem same
The Central Limit Theorem X ¯ X -bar the random variable X -bar
The Central Limit Theorem μ x mean of X the average of X
The Central Limit Theorem μ x ¯ mean of X -bar the average of X -bar
The Central Limit Theorem σ x standard deviation of X same
The Central Limit Theorem σ x ¯ standard deviation of X -bar same
The Central Limit Theorem Σ X sum of X same
The Central Limit Theorem Σ x sum of x same
Confidence Intervals CL confidence level same
Confidence Intervals CI confidence interval same
Confidence Intervals EBM error bound for a mean same
Confidence Intervals EBP error bound for a proportion same
Confidence Intervals t Student's t -distribution same
Confidence Intervals df degrees of freedom same
Confidence Intervals t α 2 student t with a /2 area in right tail same
Confidence Intervals p ; p ^ p -prime; p -hat sample proportion of success
Confidence Intervals q ; q ^ q -prime; q -hat sample proportion of failure
Hypothesis Testing H 0 H -naught, H -sub 0 null hypothesis
Hypothesis Testing H a H-a , H -sub a alternate hypothesis
Hypothesis Testing H 1 H -1, H -sub 1 alternate hypothesis
Hypothesis Testing α alpha probability of Type I error
Hypothesis Testing β beta probability of Type II error
Hypothesis Testing X 1 ¯ X 2 ¯ X 1-bar minus X 2-bar difference in sample means
Hypothesis Testing μ 1 μ 2 mu -1 minus mu -2 difference in population means
Hypothesis Testing P 1 P 2 P 1-prime minus P 2-prime difference in sample proportions
Hypothesis Testing p 1 p 2 p 1 minus p 2 difference in population proportions
Chi-Square Distribution Χ 2 Ky -square Chi-square
Chi-Square Distribution O Observed Observed frequency
Chi-Square Distribution E Expected Expected frequency
Linear Regression and Correlation y = a + bx y equals a plus b-x equation of a line
Linear Regression and Correlation y ^ y -hat estimated value of y
Linear Regression and Correlation r correlation coefficient same
Linear Regression and Correlation ε error same
Linear Regression and Correlation SSE Sum of Squared Errors same
Linear Regression and Correlation 1.9 s 1.9 times s cut-off value for outliers
F -Distribution and ANOVA F F -ratio F -ratio

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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