1. As the degrees of freedom increase‚ the t distribution approaches the b. normal distribution 2. If the margin of error in an interval estimate of μ is 4.6‚ the interval estimate equals b. [pic] 3. The t distribution is a family of similar probability distributions‚ with each individual distribution depending on a parameter known as the c. degrees of freedom 4. The probability that the interval estimation procedure will generate an interval that does
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Essential Qualities of a Good Business Letter A letter should serve the purpose for which it is written. If a businessman writes a letter to the supplier for purchase of goods‚ the letter should contain all the relevant information relating to the product‚ mode of payment‚ packaging‚ transportation of goods‚ etc. clearly and specifically. Otherwise‚ there will be confusion that may cause delay in getting the goods. Again the quality of paper used in the letter‚ its size‚ colour etc. also need special
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a. Is it reasonable that the distribution of checking account balances approximates a normal distribution? Yes. Its reasonable because the sample size is large and and n -( increases the distribution of checking account balances approximates normal distribution. b. Determine the mean and the standard deviation for the sample of 60 customers. |Mean = |1516.667 | |Variance= |2637500 | |Std dev= |1624.038 | c. Compare the actual distribution
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Statistics in Business QNT/351 Statistics in Business What is statistics? Statistics is collecting‚ measuring‚ analyzing‚ and communicating data. There are two types of statistics‚ descriptive statistics and inferential statistics (Lind‚ Marchal‚ & Wathen‚ 2011). Statistics are applied in different situations. This paper will describe the role statistics has in making business decisions. This paper will also provide examples of situations in which statistics are applied
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TABLE OF CONTENT 1. Introduction ..............................3 2. The essential elements of partnership …………………..4 3. Bibliography ……………...…..13 4. Table of Cases ………………....13 Introduction The partnership as a form of business enterprise developed from the concept that if two of more individual owners joined forces a stronger entity would develop because they would then have at their disposal their combined resources‚ financial
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a) A company is interested in providing a new benefit to its employees to encourage them to utilize public transportation. To study the potential of providing this benefit‚ the company would like to do a survey of the workers at a company to gather information on why do or do not use public transportation for commuting to work. The company is about 25‚000 people in areas where public transportation is available. You also want to find out the reasons why their choice is what it is. In this case
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IT Essentials – Hand Out Introduction to Basic Computer What is a system? System is a combination of components working together. What is a computer system? Computer System is a group of elements performing together to process data. What is a computer? Computer is a programmable electronic device that can store‚ retrieve and process data. Three Components of a Computer 1. Hardware refers to the physical components of the computer system. 2. Software is a computer program. 3. Peopleware
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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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Marketing is the management process that involves in identifying‚ anticipating and satisfying consumer requirements profitability. This means that marketing is essential to the success of a business its main aim is to enable business to meet the needs of its customers. There are some features of business marketing behaviour‚ these involve consumers are vital importance this means that when a product has a greater chance of being successful it satisfies consumer needs. Leckerei which is an organic
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Karen Loving GM545- Business Economics Spring II Session 2010 & The price of gasoline is definitely impacted by the principle of supply and demand. Consumers today use more oil causing an increase in the demand for oil‚ thus causing the price of gas to increase for consumers. (Consumers‚ 2008). There is usually an increase in demand between May and September which increases the price consumers pay during the summer
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