Statistics can be defined as the method of collection and analysis of data in such a way as to minimize any uncertainty in the conclusion drawn from the data so as to be able to assess the degree of such uncertainty. It could be observed from the above definition that statistical analysis‚ error could arise but statisticians need to minimize such errors so as to be able to achieve a desirable result. Also statistics can be said to be; a branch of mathematics that deals with the collection‚ organization
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Research and Statistics Paper Psy 315 Define and explain research and define and explain the scientific method (include an explanation of all five steps). Proper Research is primarily an investigation. Researchers and scientists gather data‚ facts‚ and knowledge to help better understand phenomenon‚ events and people. Through research‚ analysis‚ investigations‚ and experimentation‚ we gain a better understanding of our world. As I skimmed the text to find a definition‚ I found the word research
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Statistics in Business QNT/351 Donald Lifke Statistics in Business Statistics is defined as the science of data. It involves collecting‚ classifying‚ summarizing‚ organizing‚ analyzing‚ and interpreting numerical information. (McClave‚ Benson‚ & Sincich‚ 2011‚ p. 3). . There are two different application process involved in statistics; descriptive and inferential. Descriptive statistics is the analysis that helps describe‚ summarize or show data in a way to allow patterns to emerge
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study is available below: Car Bus Train Other Eastern Suburbs 81 161 148 39 Inner West & South 69 209 247 53 North Shore 75 148 165 64 2. Assume that a 1% level of significance is to be used for the test. 3. 1. Calculate the test statistic‚ reporting your answer correct to three decimal places.Blank 1 4. Use the tables to determine
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Statistics for Business Intelligence – Hypothesis Testing Index: 1. What is Hypothesis testing in Business Intelligence terms? 2. Define - “Statistical Hypothesis Testing” – “Inferences in Business” – and “Predictive Analysis” 3. Importance of Hypothesis Testing in Business with Examples 4. Statistical Methods to perform Hypothesis Testing in Business Intelligence 5. Identify Statistical variables required to compute Hypothesis testing. a. Correlate computing those
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Research‚ Statistics‚ and Psychology Paper PSY 315 Research‚ Statistics‚ and Psychology Paper Two important factors of psychology and studying it are statistics and research. This paper will explain what research is and the scientific method. This paper will also explain how research is important to psychology. When a researcher does studies on psychology they receive data from the subjects‚ they are studying. In any type of research there are two major types of data‚ they are primary data and
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Important Publication of Official Statistics A few important publications containing official statistics for general use are given below: Statistical abstract of India: This annual publication is brought out by the CSO and contains the statistics of various sectors of the Indian economy at least for the last five years. This also gives state-wise statistics at least for the last year. India- Pocketbook economic information: This publication is brought out annually by the Ministry of Finance
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Q-1 STATISTICS PLAYS A VITTAL ROLE IN ALMOST EVERY FACET OF HUMAN LIFE.DECRIBE THE FUNCTIONS OF STATISTIC.EXPLAIN THE APPLICATION OF STATISTICS. ANS- MEANING OF STATISTICS- ACCORDING TO SELIGMAN “STATISTIC IS A SCIENCE WHICH DEALS WITH THE METHOD OF COLLECTING‚ CLASSIFYING‚ PRESENTING‚ COMPARING & INTERPRETING THE NUMERICAL DATA TO THROW LIGHT ON ENQUIRY.” ACCORDING TO CROXTON & COWDEN- “STATISTICS IS THE SCIENCE OF COLLECTION‚ PRESENTATION‚ ANALYSIS & INTERPRETATION OF NUMERICAL DATA FROM LOGICAL
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simple random sampling. Stem plot A stemplot (or stem-and-leaf display)‚ in statistics‚ is a device for presenting quantitative data in a graphical format‚ similar to a histogram‚ to assist in visualizing the shape of a distribution. Unlike histograms‚ stemplots retain the original data to at least two significant digits‚ and put the data in order‚ thereby easing the move to order-based inference and non-parametric statistics. To construct a stem plot‚ the observations must first be sorted in ascending
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Statistics Case Study-1 Age Weeks Employed 55 21 30 18 23 11 52 36 41 19 25 12 42 7 45 25 25 6 40 21 25 13 25 11 59 34 49 27 33 18 35 20 a. Age Weeks Employed Mean 37.75 Mean 18.6875 Standard Error 2.974195 Standard Error 2.188452 Median 37.5 Median 18.5 Mode 25 Mode 21 Standard Deviation 11.89678 Standard Deviation 8.753809 Sample Variance 141.5333 Sample Variance 76.62917 Kurtosis -1.17143 Kurtosis -0.21626 Skewness 0.337402 Skewness 0.522601 Range 36 Range 30
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