Business Statistics Semester II 2008/2009 Chapter 1 Introduction of Business Statistics An important decision-making tool in business and is used in virtually every area of business. Among the more common meaning of the word are: 1) the science of gathering‚ analyzing‚ interpreting and presenting data 2) a branch of mathematics 3) a course of study 4) facts and figures 5) a death 6) sample measurement 7) type of distribution used to analyze data Statistics are broadly
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Subject Areas Use of Statistics 1. World of Sports • Enter results from the different tournaments around the world • Research projects to improve the quality of the game and keep the fans interested • provide analysis on players and team strategy‚ as well as tackle larger research projects • statistical t tools include basic regression analysis‚ logistic regression‚ Monte Carlo simulation‚ classification‚ and hierarchical regression 2. Education • Statistics provides simple yet instant information
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Statistics For Management 1. Introduction 2. Statistical Survey 3. Classification‚ Tabulation & Presentation of data 4. Measures used to summarise data 5. Probabilities 6. Theoretical Distributions 7. Sampling & Sampling Distributions 8. Estimation 9. Testing of Hypothesis in case of large & small samples 10. Chi-Square 11. F-Distribution and Analysis of variance (ANOVA) 12. Simple correlation and Regression 13. Business Forecasting 14. Time Series Analysis 15 . Index Numbers Indian
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LESSON – 1 STATISTICS FOR MANAGEMENT Session – 1 Duration: 1 hr Meaning of Statistics The term statistics mean that the numerical statement as well as statistical methodology. When it is used in the sense of statistical data it refers to quantitative aspects of things and is a numerical description. Example: Income of family‚ production of automobile industry‚ sales of cars etc. These quantities are numerical. But there are some quantities‚ which are not in themselves numerical
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Ch11 case Golf 1. is mean driving distances of current balls is mean driving distances of new balls is mean driving distances of sampled current balls is mean driving distances of sampled new balls Use the test statistics and normal distribution table to get p-value. If p-value is smaller than‚ then we reject H0‚ which means the mean driving distances of current balls and new balls are different. 2. From the t distribution table we find that p-value is between 0.05 and 0
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Defining Statistics Daniel Toirac QNT/351 July 23‚ 2012 Professor Gustavo Diaz Defining Statistics Statistics is defined as the science of data‚ which involves capturing‚ analyzing‚ classifying‚ summarizing‚ organizing‚ and interpreting numerical data. Statistics are used in nearly every business‚ government‚ sports‚ and finance field. Statistics are the basis of how individuals collect data and make informed decisions based on fact‚ not hunches or emotion. Statistics have grown
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Chapter I Introduction HISTORY The late Florentino Cayco‚ Sr.‚ first Filipino Undersecretary of Public Instruction and illustrious educator‚ conceptualized the birth and administered the growth of Arellano University. This prestigious institution of learning opened in 1938 as the Arellano Law College‚ named after Cayetano Arellano‚ first Filipino chief justice. It closed in December 1941 until March 1945 under the Japanese occupation of the Philippines during World War II. At the end
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University of Perpetual Help System Dalta Molino Campus Molino III‚ Bacoor City Probability and Statistics LAGERA‚ Einar John A. Table of Contents Simple Correlation Analysis ................................................................................................. 1 Introduction .................................................................................................................................................................. 1 What is Correlation? ...........
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Birla Institute of Technology & Science‚ Pilani Work-Integrated Learning Programmes Division Second Semester 2010-2011 Course Handout Course Number Course Title : AAOC ZC111 : Probability and Statistics Course E-mail address : aaoczc111@dlpd.bits-pilani.ac.in Course Description Probability spaces; conditional probability and independence; random variables and probability distributions; marginal and conditional distributions; independent random variables‚ mathematical exceptions‚ mean and variance
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Descriptive Statistics and Probability Distribution Problem Sets Emily Noah QNT561 Anthony Matias December 24‚ 2012 Descriptive Statistics and Probability Distribution Problems Sets Descriptive statistics and probability distribution is two ways to find information with certain data giving. In Descriptive statistics the data can give a mode‚ mean‚ median‚ and range by the numerical information‚ which is giving to find the information. In probability distribution the data is collected and
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