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MILO SCHIELD
Augsburg College Dept of Business Administration Director, W. M. Keck Statistical Literacy Project
MAA Quantitative Literacy
15 January 2006 Slides 2006SchieldMAA6up.pdf www.StatLit.org Schield@Augsburg.edu
MILO SCHIELD Augsburg College Dept of Business Administration - - PowerPoint PPT Presentation
1/15/2006 Math of Association in Quantitative Literacy MILO SCHIELD Augsburg College Dept of Business Administration Director, W. M. Keck Statistical Literacy Project MAA Quantitative Literacy 15 January 2006 Slides 2006SchieldMAA6up.pdf
1/15/2006
Augsburg College Dept of Business Administration Director, W. M. Keck Statistical Literacy Project
15 January 2006 Slides 2006SchieldMAA6up.pdf www.StatLit.org Schield@Augsburg.edu
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Qualitative vs. quantitative
If interest rates increase from 1% to 2%.
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Weighted-Average Graph: Silverware (Jill)
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 0% 20% 40% 60% 80% 100%
Percentage of Items which are Knives
Unit PriceE
Spoons Knives
Jill
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Weighted-Average Graph: Silverware (Both)
$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 0% 20% 40% 60% 80% 100%
Percentage of Items which are Knives
Unit PriceE
Spoons Knives
Jill Jim Standardizing
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Income: US Families by Race & Structure
$10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 $50,000 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Percentage who are headed by Married Couple
Mean Income
Black Families White Families
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RP(E:A) = 2, P(A) = 0.25
0.0 1.0 2.0 3.0 4.0 1 2 3 4 5 6 7 8
Size of S Confounder RP Adjusted Spurious: RP=1 S=4.24
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www.StatLit.org/pdf/2006SchieldBurnhamMAA.pdf