Concepts 1. What is Inferential statistics? Inferential statistics uses observations of past occurrences or available data i.e. descriptive statistics to make decisions about future possibilities and/or the nature of the entire body of data. Inferential statistics draws conclusions or makes interpretations‚ predictions and inferences about a population based upon an analysis of a sample. 2. Give 2 different techniques which are used in descriptive statistics to represent the data. Tables or
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Master of Business Administration – MBA Semester I Subject code – MB0040 Subject Name – Statistics For Management Assignment Set – 1 Q.1. Why it is necessary to summarise date? Explain the approaches available to summarize the data distributions? Q.2. Explain the purpose of tabular presentation of statistical data. Draft a form of tabulation t show the distribution of population according to i) Community by age‚ ii) Literacy‚ iii) Sex‚ and iv) Marital status. Q.3. Give a brief note of the
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GM 03 Business Statistics Assignment II Assignment Code: 2012 GM03 B2 Last Date of Submission: 15th November 2012 Maximum Marks: 100 Attempt all the questions. All questions are compulsory and carry equal marks. SECTION – A 1. a) Explain the need for different forecasting techniques. How can we evaluate as to how good is our forecast. b) Collect data on the amount of expenditure you do each day for the next 25 days and
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MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks) Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics is usually and loosely defined as: 1. A collection of numerical data that measure something. 2. The science of recording‚ organizing‚ analyzing and reporting quantitative information. Professor A.L. Bowley gave several definitions of Statistics. He defined
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Chapter 2 Charts and Graphs Statistics is the science of data. A first step in the study of statistics is the examination of data. Chapters 2 and 3 present several techniques for reducing data so that it is more manageable. In addition‚ graphic displays are essential to understand and interpret complex sets of data in order to be able to make business decisions easier. Chapter 2 discusses and displays several graphical tools including the histogram‚ frequency polygon‚ ogive‚ dot plot‚ bar
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s |COLLEGE OF THE BAHAMAS | |BUSINESS STATISTICS | |FIRST INTERM EXAM | |COURSE: STAT201
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distribution function for 100 normal random numbers. The K-S test is based on the maximum distance between these two curves. Characteristics and Limitations of the K-S TestAn attractive feature of this test is that the distribution of the K-S test statistic itself does not depend on the underlying cumulative distribution function being tested. Another advantage is that it is an exact test (the chi-square goodness-of-fit test depends on an adequate sample size for the approximations to be valid). Despite
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STAT 600 Statistics and Quantitative Analysis PROJECT: Stock return estimation The project must be done by 6-15 a.m. October‚ 16th. You should submit your projects before the class begins. This is a group project. Read the course outline for general guidelines. Good luck! The project is closely related to Lectures 1-5 of the class. Today is September 15‚ 2013 and you have just started your new job with a financial planning firm. In addition to studying for all your license exams‚ you have
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Major Statistics Assignment Mary Grace Rivero 050853639 CNUR860-011 Vaska Micevski Friday‚ March 30‚ 2012 Major Statistics Assignment This major statistics assignment will finally pull together everything that was learned in this course. The application of all content within this course will be incorporated to three different research scenarios. Within each scenario‚ hypothesis testing will be done‚ followed by a discussion of relevant descriptive statistics and finally‚ a discussion
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shorter than TT Air‚ it does not significantly affect the output as the one day does not change much (unless there had been a market shock). However based on Central Limit Theorem‚ if the sample size is greater than or equal to 30 samples‚ the sample statistics reflect the time population parameters. • The Median data does not show much in this case as the range (4.7 AA Fly and 6.8 TT Air) is small for both AA Fly and TT Air. This means that the mean is more applicable to be used. • The Mode of AA
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