analysing the data is determining if outliers exists within the data. The presence of outliers must be evaluated because their existence could distort the data and make it inaccurate. In order to determine if outliers exist the average and standard deviation must be calculated in order to calculate the Z score‚ which will show‚ wither or not outliers exist. In this instance to outliers where found present in the data set as all of the data fell within the +3‚-3 range‚ the largest positive outlier was
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precision can be made using the results. Precision refers to how close a set of results are to each other. In this lab‚ the percent relative average deviation can be used as an indicator of preciseness. Percent relative average deviation is a measure of how tightly clustered a set of data points is around a mean. A low percent relative average deviation indicates that the data points are tightly clustered around the mean; moreover‚ if the
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and the women have a mean height of 1.62 m. Find the mean height of the 100 mathematicians. (Total 4 marks) 3. The mean of the population x1‚ x2‚ ........ ‚ x25 is m. Given that = 300 and = 625‚ find (a) the value of m; (b) the standard deviation of the population. (Total 4 marks) 4. A supermarket records the amount of money d spent by customers in their store during a busy period. The results are as follows: Money in $ (d)|0–20|20–40|40–60|60–80|80–100|100–120|120–140| Number of customers
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loss of utilities‚ flooding‚ fire‚ accidents and shortage of resources. It is therefore important to plan ahead and be prepared. A contingency allows a business to respond to disasters and threats quickly which can potentially save time and money. The plan is to able your business to operate despite the disaster‚ or at least keep the business closed for a minimal amount of time. The contingency plan should be simple and easy to follow by everyone in your team. The way I do it is to make a list of all
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ABSTRACT STRATEGIC CONTINGENCY PLANNING By Karen Scott-Martinet Fall 2006 The objective of this study was to develop a strategic contingency planning model to be used to fully incorporate emergency management and business continuity into organization structures. (For the purpose of this study‚ Emergency Management and Business Continuity were collectively referred to as “contingency planning.”) Presently‚ contingency planning is mainly done on an operational or tactical level. Current
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Implementation‚ Strategic Controls‚ and Contingency Plans Draken Private Security Martin Beyeler STR / 581 March 9‚ 2015 Professor Jill Risner Implementation‚ Strategic Controls‚ and Contingency Plans DRAKEN needs new growth methods‚ product development and new revenue sources. The implementation plan below will identify the course of action best suited for the company along with the objectives‚ functional tactics‚ action items‚ milestones‚ task ownership
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Contingency Planning for the Health Care Provider Mia M. Carter American Intercontinental University April 27‚ 2014 Abstract In this paper can be found a generic contingency plan for the health care industry‚ this paper shows how quickly things can change for health care providers‚ and what steps that need to be taken in case of a down ward spiral for the provider. This paper explains the seven steps of a contingency plan in detail to achieve maximum effectiveness. In this case‚ the contingency
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Starbucks—Then: In 2008‚ Starbucks was the world’s largest coffee retailer. Starbucks was known as the “third place” between home and work with its comfortable atmosphere. The company was environmentally‚ socially‚ and economically responsible‚ as they donated several dollars and community service hours. They had several training programs to be sure they enhanced their employee loyalty. There were convenient loyalty cards‚ which helped boost the use of technology. As for the cooperative environment
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Suggest three contingencies AirAsia should consider and rationalize your choice. What are the main modifications to the current marketing strategy should AirAsia undertake to respond to these contingencies. There are number of threats that AirAsia faces thus it should have well-prepared contingency plans in case certain situations occur. The following part focuses on analyzing three main contingencies that AirAsia should take into consideration as well as the modifications to the current marketing
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| Definition of contingency(noun) by the Oxford Dictionary noun (plural contingencies) * a future event or circumstance which is possible but cannot be predicted with certainty * examples: a detailed contract which attempts to provide for all possible contingencies * a provision for a possible event or circumstance: stores were kept as a contingency against a blockade * an incidental expense: allow an extra fifteen per cent on the budget for contingencies * [mass noun] the absence
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