Chapter 1 – Applied Problem 1 § Explicit costs are monetary costs of using market-supplied resources. Explicit Costs | | Cost of Products and Services | $355‚000 | Selling Expenses | $155‚000 | Administrative Expenses | $45‚000 | Interest Expense | $45‚000 | Legal Expenses | $28‚000 | Income Taxes | $165‚000 | Total Explicit Costs | $793‚000 | § Implicit costs are non-monetary costs of using owner-supplied resources. Implicit Costs | | Forgone Salary | $175‚000
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University of Phoenix OnlineCourse: RES / 341QUIZ # 1(Chapter 3 and 4 from Applied Statistics in Business and Economics )45 Questions [Each Question = 1 Point]SOLUTIONPlease mark one answer for all multiple choice questions with RED!Chapter 3Multiple Choice1. Which is not a tip for effective bar charts?A) Time usually goes on the horizontal axis. B) Bar height or length should be proportional to the quantity displayed. C) Label data values at the top of each bar unless graphing lots of data. D)
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Edayan QNT/351 May 3‚ 2013 Rich Haller Statistics in Business Statistics is a way of gathering‚ analyzing‚ interpreting and presenting data so that it becomes more meaningful. It helps convert raw data into useful information. Statistics is therefore a collection of information. Statistics can be presented in graphical form to make it more appealing and easily understandable by the users. Statistics can be descriptive or inferential. Descriptive statistics have to do with methods in a data set that
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Statistics is the study of the collection‚ organization‚ analysis‚ interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. Descriptive statistics is the discipline of quantitatively describing the main features of a collection of information‚ or the quantitative description itself. Descriptive statistics are distinguished from inferential statistics (or inductive statistics)‚ in that
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The History of statistics can be said to start around 1749 although‚ over time‚ there have been changes to the interpretation of the word statistics. In early times‚ the meaning was restricted to information about states. This was later extended to include all collections of information of all types‚ and later still it was extended to include the analysis and interpretation of such data. In modern terms‚ "statistics" means both sets of collected information‚ as in national accounts and temperature
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Organization of Terms Experimental Design Descriptive Inferential Population Parameter Sample Random Bias Statistic Types of Variables Graphs Measurement scales Nominal Ordinal Interval Ratio Qualitative Quantitative Independent Dependent Bar Graph Histogram Box plot Scatterplot Measures of Center Spread Shape Mean Median Mode Range Variance Standard deviation Skewness Kurtosis Tests of Association Inference Correlation Regression Slope y-intercept
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Applied Econometrics Applied Econometrics Introduction Outline FEM11090-12 Applied Econometrics Nalan Basturk Erasmus University Rotterdam Econometric Institute basturk@ese.eur.nl http://people.few.eur.nl/basturk/ Introduction Course Introduction Course Organization Motivation Introduction Today Regression Linear Regression Ordinary Least Squares Linear regression model Gauss-Markov conditions and the properties of OLS estimators Example: individual wages Goodness-of-fit 1 / 42 2 / 42
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Lecture Notes on Introductory Statistics‚ I (P.P. Leung) Lecture notes are based on the following textbook: N.A. Weiss (2012)‚ Introductory Statistics‚ 9th edition‚ Pearson. Chapter 1 The Nature of Statistics 統計本質 §1.1 Two kinds of Statistics §1.4 Other Sampling Designs (其他抽樣方法) Chapter 1 The Nature of Statistics 統計本質 What is Statistics? 何謂統計? From Wikipedia‚ the free encyclopaedia: Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation
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Applied Problems – Week 1 AP‐1: Which costs are pertinent to economic decision making? Which costs are not relevant? ©2009 McGraw‐Hill Irwin. Used with permission from the publisher. Brickley‚ J. A.‚ Smith‚ C. W.‚ & Zimmerman‚ J. L. (2009). Managerial economics and organizational architecture (RQ 2‐1‚ p. 56). Boston: McGraw‐Hill Irwin. AP‐2: Textbook – Chapter 1‚ Applied Problem 2 (p. 32) AP‐3: Textbook – Chapter 2‚ Applied Problem 1 (p. 83) AP‐4: Textbook – Chapter 2
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vital statistics of populations studied probability through games of chance‚ gambling | 18th Century | Laplace‚ Gauss | normal curve‚ regression through study of astronomy | 19th Century | Quetelet Galton | astronomer who first applied statistical analyses to human biologystudied genetic variation in humans(used regression and correlation) | 20th Century (early) | PearsonGossett (Student) Fisher | studied natural selection using correlation‚ formed first academic department of statistics‚ Biometrika
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