Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It is applicable to a wide variety of academic disciplines‚ from the physical and social sciences to the humanities. Statistics are also used for making informed decisions and misused for other reasons in all areas of business and government. Statistical methods can be used to summarize or describe a collection of data; this is called descriptive statistics. In
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Staff consistency and reliability in customer service. Introduction • This presentation is about how staff consistency and reliability in customer service contributes to ensuring that an organisation has satisfied customers. • I am an assistant working in the human resources department of a private company and my HR manager has designed a practical training course to be delivered inhouse. I have to create a set of presentation slides with added notes‚ describing how staff consistency
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Define Statistics Statistics is the practice of gathering‚ sorting‚ and categorizing numerical information in an organized format that can be used to acquire results to specific problems. According to McClave‚ Benson‚ and Sincich (2011)‚ “Statistics is the science of data. It involves collecting‚ classifying‚ summarizing‚ organizing‚ analyzing‚ and interpreting numerical information” (p. 3). Different Types and Levels of Statistics There are two types of statistics. One is descriptive which defines
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Kelsey 8 October 2013 Descriptive Paper The Intoxicated Drunks “Why am I naked? Why my throat is sore and why is there puke all over me? Where am I right now and why am I here?” These are the types of question that an intoxicated person usually find themselves asking after they have been drinking the night prior. Strolling into the after prom party‚ pass midnight; my friends and I enter through these gigantic mahogany doors into a house from the 21st century one that looks like Tony Starks’
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QM2 Project Case Study 1- Consumer Characteristics Index Sno Title Page.no 0 | Introduction | 3 | 1 | Summarizing data using Descriptive Statistics | 4-6 | 2 2.1 2.2 | Estimated regression equations. Independent Variable- Annual Income. Independent Variable- Household Size | 7 8 9 | 3 | Better predictor of annual credit card charges | 10 | 4 | Independent variables- Annual income and Household size | 11 |
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Statistics in Business QNT/351 William Modey Quantitative Analysis for Business Salonyia Fisher Summary Statistics is accurately defined as the study of the analysis‚ data collection‚ and organization of the data which is interpreted by a particular business field. Statistics main focus is usually dealing with the preparation procedure of the data collection in the course of developing surveys and creating experiments. When an organization uses statistics‚ it needs to be taken into consideration
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Reliability Issues – Centrifugal Slurry Pumps Introduction Pumps were probably the first machine ever developed‚ and are now the second most common machine in use around the world‚ out-numbered only by the electric motor. The very earliest type of pump is now known as a water wheel‚ Persian wheel or “noria”‚ consisting of a wheel of buckets that rotates to pick up water from a stream and dump it into a trough. Another early pump was the “Archimedean screw”‚ similar to the modern screw conveyor
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MAY SEMESTER 2014 BUSINESS COMMUNICATION ASSIGNMENT 1 PREPARED BY: NORAZMILAWANI BINTI SHAM MATRIX NO: IOC000098 PART A Description the background of the selected organization for the Marketing position. This is description of Nestle Malaysia Bhd. background: February 2‚ 2014 Nestlé (Malaysia) Berhad (110925-W) 22-1‚ 22nd Floor‚ Menara Surian No. 1‚ Jalan PJU 7/3‚ Mutiara Damansara 47810 Petaling Jaya Selangor‚ Malaysia. Norazmilawani Binti
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Statistics in Business Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It also provides tools for prediction and forecasting based on data. It is applicable to a wide variety of academic disciplines‚ from the natural and social sciences to the humanities‚ government and business ("Statanalysis Consulting"‚ 2013). Statistics is used in decision making that affects our everyday lives. The study of statistics
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WHAT IS STATISTICS? Statistics is the mathematical science involved in the application of quantitative principles to the collection‚ analysis‚ and presentation of numerical data. The practice of statistics utilizes data from some population in order to describe it meaningfully‚ to draw conclusions from it‚ and make informed decisions. The population may be a community‚ an organization‚ a production line‚ a service counter‚ or a phenomenon such as the weather. Statisticians determine which quantitative
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