Statistical quality control (SQC) The application of statistical techniques to measure and evaluate the quality of a product‚ service‚ or process. Two basic categories: I. Statistical process control (SPC): - the application of statistical techniques to determine whether a process is functioning as desired II. Acceptance Sampling: - the application of statistical techniques to determine whether a population of items should be accepted or rejected based on inspection of a sample of those
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Module V An overview of Working Capital Management – Inventory‚ Cash and Receivable management and Management of surplus – Working Capital Financing and Long term Financing‚ Current Liabilities Management – size and sources- Money Market – Banks – Regulation of Working Capital Finance in India. References 1. Van Horne James‚ Financial Management Policy‚ Prentice Hall India 2. I M Panday‚ Financial Management‚ Vikas Publications‚ New Delhi. 3. Prasanna Chandra‚ Financial Management
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Data Mining: What is Data Mining? Overview Generally‚ data mining (sometimes called data or knowledge discovery) is the process of analyzing data from different perspectives and summarizing it into useful information - information that can be used to increase revenue‚ cuts costs‚ or both. Data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many different dimensions or angles‚ categorize it‚ and summarize the relationships identified
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The Statistical Errors of Date Rape There is nobody out in the world that likes rape‚ in any form‚ besides perhaps the rapist themselves‚ however‚ “rape” is a word that has been given a certain disgusting stigma in our society. What comes with that stigma in our society? Fear‚ misconception‚ panic‚ and the ability to draw accusations about those who are the victims and the ones who commit the heinous crime. Camille Paglia is a anti-feminist known for her views on how feminism has done nothing
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Data Mining Melody McIntosh Dr. Janet Durgin Information Systems for Decision Making December 8‚ 2013 Introduction Data mining‚ or knowledge discovery‚ is the computer-assisted process of digging through and analyzing enormous sets of data and then extracting the meaning of the data. Data mining tools predict behaviors and future trends‚ allowing businesses to make proactive‚ knowledge- driven decisions Although data mining is still in its infancy
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Introduction: Data breach has always been a sensitive topic‚ let alone when the data breach is related to banking. In the mean time‚ there’s a breach was found happened to the online banking system of the competitive bank of First Union Bank‚ and the hacker had stolen quantities of customers’ personal information and data. It has been an alarm for all the banks‚ it reminds the whole society to be alert of the damage caused by the data breach. The Chief Information Officer of the First Union Bank is aware
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Analysis of Variance (ANOVA) One Way Classification Random samples of size n are selected from each of k populations. It will be assumed that the k populations are independent and normally distributed with means [pic][pic] and common variance [pic]. We wish to derive appropriate methods for testing the hypothesis: [pic] [pic] [pic] at least two of the means are not equal. Table 1 K random samples | |Population
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Crime Data Comparison Comparing similar crimes‚ in metropolitan area such as Phoenix and Dallas. The FBI Uniform Crime Report (UCR) data shows in 2009 Phoenix had 76 reported murders‚ and Dallas with 86. Dallas with a lower population number of 1‚290‚266 had higher murder rate‚ Phoenix with population of 1‚597‚397 reported in 2009. Reported murder rates dropped in both areas in 2010‚ Dallas with 73‚ and Phoenix with a reported 50. “National reports a decrease of 6.2 percent of violent crimes during
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Nationalisation of Banks Despite the provisions‚ control and regulations of Reserve Bank of India‚ banks in India except the State Bank of India or SBI‚ continued to be owned and operated by private persons. By the 1960s‚ the Indian banking industry had become an important tool to facilitate the development of the Indian economy. At the same time‚ it had emerged as a large employer‚ and a debate had ensued about the nationalization of the banking industry. Indira Gandhi‚ then Prime Minister of India
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discussed and all concluded that data analysis methods help us understand facts‚ observe patterns‚ formulate explanations‚ and try out the hypotheses. Not only does it help us understand facts‚ but they we also discovered that data analysis is used in science and business‚ and even administration and policy-making processes. We’ve found out the data analysis can be carried out in all fields‚ including medicine and social sciences. Once an analysis is conducted the data that is carried out is documented
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