Chapter 1 Statistics & Data I Applications in Business and Economics I Descriptive Statistics I Inferential Statistics Statistics Data overload! I need help! Slide 1 Applications in Business and Economics I I Accounting Public accounting firms use statistical sampling procedures when conducting audits for their clients. Economics Economists use statistical information in making forecasts about the future of the economy or some aspect of it. Statistics
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quantitatively define the variability inherent in data‚ the probability of certain outcomes‚ and the error and uncertainty associated with those outcomes. Some statistics are biased‚ some are based on opinions‚ and some are fabricated. A common misconception is that statistics provide a measure of proof that something is true. Instead‚ statistics provide a measure of the probability of observing a certain result. It is easy to misuse the statistics in data analysis even to the point of misconception because
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BC - ABAP Dictionary Release 4.6C HELP.BCDWBDIC BC - ABAP Dictionary SAP AG Copyright © Copyright 2001 SAP AG. All rights reserved. No part of this publication may be reproduced or transmitted in any form or for any purpose without the express permission of SAP AG. The information contained herein may be changed without prior notice. Some software products marketed by SAP AG and its distributors contain proprietary software components of other software vendors. Microsoft ‚ WINDOWS
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Data Cleansing/Scrubbing The concept of information cleansing / scrubbing is to improve the quality of organizational information and thus the effectiveness of decision making businesses must formulate a strategy to keep information clean. This is a process that weeds out and fixes or discards inconsistent‚ incorrect‚ or incomplete information. Specialized software tools use sophisticated algorithms to parse‚ standardize‚ correct‚ match and consolidate data warehouse information. This is vitally
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What is a data warehouse and why is REI building one? A data warehouse can be described as a “database that stores current and historical data of potential interest to decision makers throughout a company. The data originate in many core operational transaction systems‚ such as systems for sales‚ customer accounts‚ and manufacturing‚ and may include data from Web site transactions.1” REI is building a data warehouse to improve the company and to meet the needs of the customers. REI’s data warehouse
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Data transmission methods Transmission Transmission is the act of transporting information from one location to another via a signal. The signal may be analog or digital‚ and may travel in different media. Transmission: Communication of data by propagation and processing of signals. Signal processing is the representation‚ transformation and manipulation of signals plus the information they contain. Signal Types Signals: An electric or electromagnetic representations of data by which data is
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contains only three base cells: (1) (a1‚ b2‚ c3‚ d4; ...‚ d9‚ d10)‚ (2) (a1‚ c2‚ b3‚ d4‚ ...‚ d9‚ d10)‚ and (3) (b1‚ c2‚ b3‚ d4‚ ...‚ d9‚ d10)‚ where a_i != b_i‚ b_i != c_i‚ etc. The measure of the cube is count. 1‚ How many nonempty cuboids will a full data cube contain? Answer: 210 = 1024 2‚ How many nonempty aggregate (i.e.‚ non-base) cells will a full cube contain? Answer: There will be 3 ∗ 210 − 6 ∗ 27 − 3 = 2301 nonempty aggregate cells in the full cube. The number of cells overlapping twice is 27
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You will have a quiz on 04th of Sep. at the beg. of the class and some questions similar to the HW will be asked. Please come to the class early so that you do not miss the quiz! 1. Run a regression between price and area (sqft) for data in “housing ” worksheet. a. Estimate the population simple linear regression line that shows a relationship between the area and price of a house. (Price depends on the size of the house) b. Interpret the intercept and the slope of the line. c. Estimate the
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starts here" and "Internet of Everything" advertising campaigns. These efforts were designed to position Cisco for the next ten years into a global leader in connecting the previously unconnected and facilitate the IP address connectivity of people‚ data‚ processes and things through cloud computing applications and services. Cisco’s current portfolio of products and services is focused upon three market segments—Enterprise and
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Terminal Data Capability [What is it?] - Generally‚ It is a data element that stores information particularly on terminal that can be individually addressed by tag ID. Data element resident in the terminal shall be under control of one of the following parties: • Terminal manufacturer: For example‚ IFD Serial Number • Acquirer/Agent: For example‚ Merchant Category Code • Merchant: For example‚ Local Date and Local Time (these may be controlled by either merchant or acquirer)
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