and Data Collection Basic Business Statistics‚ 11e © 2009 Prentice-Hall‚ Inc. Chap 1-1 Learning Objectives In this chapter you learn: How Statistics is used in business The sources of data used in business The types of data used in business The basics of Microsoft Excel The basics of Minitab Basic Business Statistics‚ 11e © 2009 Prentice-Hall‚ Inc.. Chap 1-2 Why Learn Statistics? So you are able to make better sense of the ubiquitous use of numbers: Business
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Unemployment Data for May-June 7 of 2013 Employment (rose/fell/remained unchanged)‚ and the unemployment rate edged (up/down/stayed unchanged) to (?) percent in the last month. Employment for nonfarm payroll rose by 175‚000 in May‚ which includes construction and manufacturing companies. The unemployment rate stayed unchanged at 7.6 percent in the last month. Employment for professional and business services‚ food services and drinking places‚ and retail trade rose also. The summary states
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Undercover Economist‚ The Tipping Point‚ and Travels of a T-Shirt in the Global Economy After reading the books; “The Undercover Economist”‚ “The Tipping Point”‚ and “Travels of a T-Shirt in the Global Economy” I am left thinking that the Global economy is actually more complicated and intricate than I ever thought and there is an interesting aspect of the world economy that is social. From the popularity of Hush Puppies in New York detailed in “Tipping Point” to the social networks of African
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into the Workers’ Compensation (WC) actuarial model workbook. Payroll data for the WC model should contain “only the actual hours worked” for specific Rate Schedule Codes (RSC) groups‚ including executives. The WC payroll data should exclude all paid leave types. A comparison of work hours from the NPHRS mainframe report to the summary in EDW reveals very small differences. We hope to align the NPHRS and EDW work hour data. Also‚ we (Technical Analysis‚ Accounting and Finance) need to understand
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Handling Consumer Data Introduction When I visit my local Caltex Woolworths petrol station on “cheap fuel Wednesday” to cash in the 8c per litre credit that my Wife earned the previous Friday buying the groceries with our “Everyday Rewards” card‚ I did not‚ until researching this report‚ have any clue as to the contribution I was making to a database of frightening proportions and possibilities… nor that‚ when I also “decide” to pick up the on-sale‚ strategically-placed 600mL choc-milk‚ I am
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is a necessity for a businesses trying to maximize its profits. A new‚ and important‚ tool in gaining this knowledge is Data Mining. Data Mining is a set of automated procedures used to find previously unknown patterns and relationships in data. These patterns and relationships‚ once extracted‚ can be used to make valid predictions about the behavior of the customer. Data Mining is generally used for four main tasks: (1) to improve the process of making new customers and retaining customers;
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Crime Data Comparison Comparing similar crimes‚ in metropolitan area such as Phoenix and Dallas. The FBI Uniform Crime Report (UCR) data shows in 2009 Phoenix had 76 reported murders‚ and Dallas with 86. Dallas with a lower population number of 1‚290‚266 had higher murder rate‚ Phoenix with population of 1‚597‚397 reported in 2009. Reported murder rates dropped in both areas in 2010‚ Dallas with 73‚ and Phoenix with a reported 50. “National reports a decrease of 6.2 percent of violent crimes during
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COM519 – Information Systems Strategic Planning Discussion Paper Prepared by: Chris Brennan (B00448232) Submitted in partial fulfilment of the requirement of the BSc Hons Information and Communication Technologies course 14/10/2012 Summary/Abstract In today’s economy Information Systems Planning has materialised as an important component of the overall planning process. Given the increasingly rapid pace of developments in IT‚ the traditional approach to Information Systems Planning
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The Egyptian number system I choose to write about the Egyptian Number system because I am familiar with the base system they use. Therefore‚ it is easy for me to explain. In this essay I will briefly talk about the history of the Egyptian number system‚ indicate their base‚ symbols‚ whether their number system is positional or not and finally explain their number system by giving examples. The Egyptians had a writing system based on hieroglyphs from around 3000 BC. Hieroglyphs was found
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billion bytes of data in digital form be it on social media‚ blogs‚ purchase transaction record‚ purchasing pattern of middle class families‚ amount of waste generated in a city‚ no. of road accidents on a particular highways‚ data generated by meteorological department etc. This huge size of data generated is known as big data. Generally managers use data to arrive at decision. Marketers use data analytics to determine customer preferences and their purchasing pattern. Big data has tremendous potential
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