MTH525 - Advanced Analytics and Statistics

Advanced Analytics and Statistics, developed in partnership with SAS® (an international leader in the field of statistical analysis software), is a project based-course that takes advantage of the latest research and application of analytics in the academic and business worlds. Using JMP® software, this multi-discipline, project- based course uses the case study method and the application of real world statistical tools. Additionally, the course has an experimental design component, with students researching and applying statistical inference. While an advanced course, the content will differ significantly from the AP Statistics syllabus.

Arthur Benjamin is a professor of mathematics at Harvey Mudd College.

"Statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write." H G Wells

Below is a demonstration of a bubble plot. It shows the relationship between Median House Price ($) and Median Household Income ($). The size of the bubble indicates Median House Price. The y-axis gives the Ratio of Median House Price / Median Household Income.

Question: what conclusions can we draw from the bubble plot? (and why do we use median values?)