TOPIC 1 INTRODUCTION & DESCRIPTIVE STATISTICS BASIC CONCEPTS Situation: A journalist is preparing a program segment on what appears to be the relatively disadvantaged financial position of women and the incidence of female poverty in Australia. Several questions may arise‚ for example: • What is the pattern of female incomes? • How severe is the problem of female poverty and what proportion fall below the ‘poverty line’? • Has their general level of income improved over
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Level: Pre-intermediate Aim:Present perfect to express an experience some time before now. E.g. I have been to Mexico. I have eaten Octopus etc. Target language: I have been/eaten etc.‚ Have you ever...? Time: 50 minutes Assumptions: Students will have encountered the present perfect before so should be familiar with the form. Possible problems: Students might use the present perfect with past phrases‚ e.g. I have been to Mexico in 2003. I have eaten Octopus last year. Lead-In: - 10 mins I would
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Statistics for Business and Economics Personal pre-assignment 1.9 What is a representative sample? What is its value? The representative sample is a subset of a population of interest that is exhibiting the typical characteristics of the population. The most typical way to cover the up-mentioned criterion is the simple random sample which consist of a sample of units that is selected randomly‚ e. g. the sample is selected form the population on a way that every sample of the size is having
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The basic agreement between the two companies‚ Laura Ashley (LA) and Federal Express’ Business Logistics Service (BLA) is‚ to work together and develop each other business. This is done by‚ BLS handling the global distribution of LA and there by BLS utilizing all of its capabilities on a global basis‚ to refine its own skills and open up large new potential market for the future. Though‚ there are many laudable things about the agreement like‚ how both the companies want to keep the partnership an
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1. Executive Summary This report outlines the marketing plan for Costa Express‚ which will be brought to Cyprus by FCG Wholesalers Cy. The product will be introduced to the Cypriot market during the fall of 2014. Costa Express is an instant coffee machine that makes high quality coffee by using fresh beans. Before introducing the product we’ve conducted an extensive situation analysis and concluded that Costa Express should be quite successful in the Cypriot Market. In this marketing plan
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Identification and Impact of Airborne Fungi over the Sydney Basin Introduction The need to identify and monitor airborne fungi is vital to the health of humans. Fungal spores may trigger allergic responses in sensitised people‚ causing respiratory diseases such as hayfever and asthma (Knox‚ Ladiges‚ Evans and Saints 2006). A variety of techniques can be used to identify the diversity and density of fungi within the Sydney Basin. The use of agar plate exposure allows microbial colonies to
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What is Bootstrapping (In Statistics)? Bootstrapping is an interesting process or technique of assigning measure of accuracy. Depended upon calculation‚ Bootstrapping can be used to any statistic to measure estimation. Definition According to the Cambridge dictionary of statistics – “A confidence interval is a range of values‚ calculated from the sample observations that are believed‚ with a particular probability‚ to contain the true parameter value. A 95% confidence interval‚ for example‚ implies
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CASE 1 - DEMAND ESTIMATION and ELASTICITY: Soft Drinks in the U.S. Demand can be estimated with experimental data‚ time-series data‚ or cross-section data. In this case‚ cross-section data appear in the Excel file. Soft drink consumption in cans per capita per year is related to six-pack price‚ income per capita‚ and mean temperature across the 48 contiguous states in the United States. QUESTIONS 1. Given the data‚ please construct (a) a multiple linear regression equation and (b) a log-linear
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AMERICAN EXPRESS OUR STORY Becoming American Express: 150+ Years of Reinvention and Customer Service INTRODUCTION The story of American Express is a fascinating one‚ filled with interesting and sometimes quirky characters who -- through a combination of brains‚ perseverance and luck -- shaped the company’s development during the past century and a half. The express company that forwarded freight and valuables evolved into a company that created and sold financial products like money
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CHAPTER 1 Individuals are the objects described by a set of data. Individuals may be people‚ but they may also be animals or things. A variable is any change of an individual. A variable can take different values for different individuals. A categorical variable places an individual into one of several groups or categories. A quantitative variable takes numerical values for which arithmetic operations such as adding and averaging make sense. The distribution of a variable tells us what values
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