NMIMS Global Access School for Continuing Education (NGA-SCE) Internal Assignment for December 2014 Examination Course : Business Economics SEM : I Program : DSM / DBM / PGDBM /DHRM /PGDHRM /DMM/ PGDMM /DFM /PGDFM /DITM /PGDITM /DBFM / PGDBFM /DSCM /PGDSCM //DFPWM /DRM /PGDRM Assignment Marks: 30 Instructions: All Questions carry equal marks. All Questions are compulsory. Answer to each assignment question should not exceed 1500 words. Use relevant examples
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Vocabulary for Chapter 3 – Numerically Summarizing Data Arithemetic mean ‐ The arithmetic mean of a variable is computed by adding all the values of the variable in the data set and dividing by the number of observations. Population arithmetic mean ‐ The population arithmetic mean‚ µ‚ is computed using all the individuals in a population and is a parameter. Sample arithmetic mean ‐ The sample arithmetic mean‚ x ‚ is computed using sample data and is a statistic. Mean – Although other types of means exist
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Barbara Barclay Andrew Buckler English Comp II 02/22/2013 Summation of Chapters Three and Four In chapters three and four I found the examples to be very interesting. Not only did they show a way of incorporating the lesson they also showed us wording‚ punctuation‚ format‚ and on top of that‚ they were very interesting clips from what I am sure would be great complete essays. The fact that statistics are not always reliable is something I knew but I was glad that it was reiterated in the
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ECO1ISB Introductory Statistics for Business Assignment 2: Inferential Statistics |Hand out: |Week 7 | |Hand in : |Week 11 | 1. [8 marks] What are parameters and statistics (or estimates)? List two of the parameters and their corresponding statistics that were covered
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ECM002 Business Economics Instructions: Please answer four out of the following six following questions: Question 1. Suppose Cola- Sol and Miniranda are the only two companies producing a particular type of cola drink in the soft drink industry. Both companies are considering launching a new drink with a light lemon twist. They can launch their products either at a low price or at a high price. The expected net payoffs are the following: If both companies choose a high price strategy‚ Cola-
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Therapy • Therapy - treatment methods aimed at making people feel better and function more effectively. • Psychotherapy - therapy for mental disorders in which a person with a problem talks with a psychological professional. • Insight therapies - psychotherapies in which the main goal is helping people to gain insight with respect to their behavior‚ thoughts‚ and feelings. • Action therapy - psychotherapy in which the main goal is to change disordered or inappropriate behavior directly. •
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Types of Surveys QNT/561 - Applied Business Research and Statistics 5. In the following situations‚ decide whether you would use a personal interview‚ telephone survey‚ or self-administered questionnaire. Give your reasons. a. A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. To survey residents of a new subdivision‚ I would
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CHAPTER 15 Multiple-Choice Questions 1. easy A sample in which the characteristics of the sample are the same as those of the population is a(n): b a. variables sample. b. representative sample. c. attributes sample. d. random sample. 2. easy When the auditor decides to select less than 100 percent of the population for testing‚ the auditor is said to use: a a. audit sampling. b. representative sampling. c. poor judgment. d. none of the above. 3. In practice‚ auditors
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Economics chapter 2 Economics is the efficient allocation of the scarce means of production toward the satisfaction of human wants The central fact of economics is scarcity. Human wants are unlimited while resources are limited. Four economics resources: land‚ labor‚ capital and entrepreneurial ability The opportunity cost of any choice is the forgone value of the next best alternative. The production possibilities curve is a hypothetical model of an economy that produces only two products.
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NMIMS Global Access School for Continuing Education (NGA-SCE) Course: Business Economics SEM – I 1. Calculate Elasticity in the following cases: a) Assume that a business firm sells a product at the price of Rs 500. The firm has decided to reduce the price of the product to Rs 400. Consequently‚ the demand for the product is raised from 20‚000 units to 25‚000 units. Calculate the price elasticity of demand. ANSWER A: PRICE ELASTICITY OF DEMAND: MEANING: Price elasticity of demand
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