Concepts 1. What is Inferential statistics? Inferential statistics uses observations of past occurrences or available data i.e. descriptive statistics to make decisions about future possibilities and/or the nature of the entire body of data. Inferential statistics draws conclusions or makes interpretations‚ predictions and inferences about a population based upon an analysis of a sample. 2. Give 2 different techniques which are used in descriptive statistics to represent the data. Tables or
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defined as any business activity/enterprise engaged in industry‚ agri-business/services‚ whether single proprietorship‚ cooperative‚ partnership‚ or corporation. MSMEs have value falling under the following categories: By Asset*: MICRO: Up to P3‚000‚000 SMALL: P3‚000‚001 to P15‚000‚000 MEDIUM P5‚000‚001 to 100‚000‚000 LARGE: Above 100‚000‚00 This table shows that in a small business it should have P3‚ 000‚001 to P15‚ 000‚000 asset/capital to start your own business and to maintain
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Management. Prentice Hall‚ eighth edition‚ 2003. 3 Kamlesh‚ Mathur‚ Daniel Solow. Management Science - The Art of Decision Making. Prentice Hall‚ 1994. 4 Jon Curwin and Roger Slater. Quantitative Methods for Business Decisions. Thomson‚ fifth edition‚ 2002. 5 Steyn‚ Smit‚ Du Toit‚ Strasheim. Modern Statistics in Practice. Van Schaik Publishers‚ 1994. 295
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QNO-6 a Ans Posted by Chetan Chitre in Introduction‚ Managerial Economics. trackback Managerial Economics – Managerial Economics is a branch of economics that studies application of principles of economics to various business situations. A Business organization is essentially a group of people who have come together for attaining certain common objectives. These objectives are largely material in nature – eg. profits‚ salaries‚ production for the purpose of consumption‚ etc. The behavior of
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distribution function for 100 normal random numbers. The K-S test is based on the maximum distance between these two curves. Characteristics and Limitations of the K-S TestAn attractive feature of this test is that the distribution of the K-S test statistic itself does not depend on the underlying cumulative distribution function being tested. Another advantage is that it is an exact test (the chi-square goodness-of-fit test depends on an adequate sample size for the approximations to be valid). Despite
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STAT 600 Statistics and Quantitative Analysis PROJECT: Stock return estimation The project must be done by 6-15 a.m. October‚ 16th. You should submit your projects before the class begins. This is a group project. Read the course outline for general guidelines. Good luck! The project is closely related to Lectures 1-5 of the class. Today is September 15‚ 2013 and you have just started your new job with a financial planning firm. In addition to studying for all your license exams‚ you have
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Lesson - 1 Business Economics- Meaning‚ Nature‚ Scope and significance Introduction and meaning : (Author : Dr. M.S. Khanchi) Business Economics‚ also called Managerial Economics‚ is the application of economic theory and methodology to business. Business involves decision-making. Decision making means the process of selecting one out of two or more alternative courses of action. The question of choice arises because the basic resources such as capital‚ land‚ labour and management are limited and
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Trajico‚ Maria Liticia D. BSEd III-A2 REFLECTION The first thing that puffs in my mind when I heard the word STATISTIC is that it was a very hard subject because it is another branch of mathematics that will make my head or brain bleed of thinking of how I will handle it. I have learned that statistic is a branch of mathematics concerned with the study of information that is expressed in numbers‚ for example information about the number of times something happens. As I examined on what
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that can be discussed here by the theories of demand because its market behaviour. a) The determinants of demand for sporting events The first economic theory that is the most useful in
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WaypointHR WaypointHR is an Open Source human database. It provides organizations with a free‚ immediate and flexible Human Resource Management System (HRIS). WaypointHR is software that: * Fully editable employee records * Retain similar information on all employees * Create company records on staff data * Instant search facility for employees by name * View historical employee data * Create company report on staff data * Provide comprehensive employee
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