0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Is there a statistical test to assess the difference between two ratios. I have numbers which are ratios and want to test whether there is a statistical difference between them?
You can use the z test for two proportions. The link below will do this test for you.
What are the uses of probability ratio?
With probability ratios the value you get to describe the strength of the relationship when you compare (A given B) to (A given not B) is not the same as what you get when you compare (not A given B) to (not A given not B). This is, IMHO, a big problem. There is no such problem with odds ratios.
How is a weighted loss ratio calculated?
you add your weighted premiums and divide by your weighted claims. (you do not weight the loss ratios )
Compare and contrast ratios and rates?
Ratios and rates are mathematical derivations. A ratio is an index comparing fractionally indexing multiple quantities vis-Ã -vis one other. A 1 to 1 (1:1) ration of milk to water would mean equal quantities of each. A rate is a measure of quantity over time. Rates can include speed and the volume of fluid movement.
When do you compare using ratios percents and rates and when do you compare using differences?
when you are specifically comparing 2 sets of data (2 #'s, 2 percents, 2 rates ect.)
What are equivlent ratios?
when a number of ratios give the same answer after solving the ratios the ratios are said to be equivalent ratios
How are ratios classified?
Ratios are often classified using the following terms: profitability ratios (also known as operating ratios), liquidity ratios, and solvency ratios.
Ratios?
Ratios
What are 3 types of ratios?
1 - Activity Ratios 2 - Liquidity ratios 3 - Profitability ratios
What are the three types of ratios?
1 - Activity ratios 2 - Profitability ratios 3 - Liquidity ratios
What are the ratios that name the same comparison?
equivalent ratios are different ratios that name the same comparison
Types of ratios?
1 - Actiivty raios 2 - turnover ratios 3 - Profitability ratios 4 - Liquidity Ratios
Are ratios percents?
No but percentages are ratios.
What is a similarity ratio?
similarity ratios are ratios in which both the ratios are equal to each other
What are ratios that have same value?
Equivalent ratios.
How do you do Real World Problems Ratios?
How do you do ratios
What are ratios that are equal?
They are called equivalent ratios.
