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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Gabrielle La Madrid Professor Rudd English 099 02 October 2012 Succeed in Math To understand the differences in society that deals with success in Mathematics‚ a person should know the difference between how men and women use math to aim towards their bright future. Students should know the challenges that intimidate citizens from different countries and how they gain their hope. One of the differences is whether or not
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Math Facts & Trivias 1. The value of zero was first used by the ancient Indian mathematician Aryabhata. 2. The implicit curve equation (x2+y2-1)3-x2y3=0 produces the heart shape. 3. The Reuleaux Triangle is a shape of constant width other than a circle. 4. If each count were a second long‚ it would take about 12 days to count to a million and about 32 years to count to a billion. 5. Forty’ is the only number that has all its letters in alphabetical order. 6. The National Pi Day ( π ) is
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Statistical Description of Data The word ‘Statistics’ has been derived from the Latin word ‘Status’ which means a political state. It has also it’s either to the Italian word ‘Statista’ or the German word ‘Statistik’ each one of which means a political state. Statistics is defined as “the collection‚ presentation‚ analysis and interpretation of numerical data”. In olden days‚ the data that was collected and maintained for the welfare of the people belonging to the state. We are thankful
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life. Though my career progression in the banking system including joining the RBI was not as a statistician‚ I must confess that the analytical ability and articulation skill based on sound knowledge of statistics‚ which I developed during my academic career both as a student and teacher of Statistics at BHU‚ greatly
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Statistics can be defined as “ the science that deals with the collection‚ classification‚ analysis‚ and interpretation of numerical facts of data‚ and that‚ by use of mathematical theories of probability‚ imposes order and regularity on aggregates of more or less disparate elements” (Dictionary.com‚ LLC‚ 2008). Yet how do we use these specific elements in our everyday working lives? Many don’t realize the extent to which we as a culture base our decisions on statistics. We us them in something
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Association [ASA]‚ 2008). Statistics is a division of mathematics that centers on the collection and evaluation of data‚ which can be drawn upon to make conclusions (Aron‚ Aron‚ & Coups‚ 2006‚ 2). Two branches of statistics exist‚ including descriptive and inferential domains. Extrapolation beyond the data is where the real difference emerges. Indeed‚ these two subcategories vary in function and definition. However‚ a relationship exists between descriptive and inferential statistics‚ irrespective of the
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Statistics In Business Quantitative Analysis for Business September 22‚ 2013 Dr. John Kwagyan Introduction Statistics is a tool used in businesses for planning and measuring the various activities a business is engaged in. Descriptive and inferential statistics are two different types of statistics used in a business. Statistics is the most widely used quantitative method in business. Statistics describes a set of data and then it draws a conclusion from the data
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! ! Activity 2.2.1: The Neuron ! Introduction You are waiting to cross the street at a busy intersection. All of a sudden‚ two cars collide right in front of you. Your hands instantaneously fly up to shield your face. You hear the horrible crunch of metal. You smell the burning rubber of tires and you open your eyes to see the skid marks on the road. Reaching for your cell phone‚ you dial 911. Your heart races as you run out in the street to see if you can be of any help. So much is happening at
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Statistics in Business Quantitative Analysis for Business University of Phoenix Tanya Bailey April 22‚ 2013 Statistics can sometimes be difficult for some individuals. Understanding the concept of statistics‚ which is known as the science of data‚ may help a person in the business world. This involves classifying‚ summarizing‚ analyzing‚ collecting‚ and interpreting numerical information. The information gathered from statistics can help startup companies‚ and even
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