"How would you define statistics how is statistics used in business decision making" Essays and Research Papers

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    Statistics and Probability

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    Chapter 1 The Problem and Its Background Introduction Changes are permanent thing on earth. Are the people is ready enough to accept the changes on the educational system? The current opening of classes here in the Philippines usually starts from June to March but our lawmakers want to amend the opening of classes. The existing school calendar which spans from June to March is often disrupted as destructive typhoons plague the region during the rainy season that’s why our lawmakers decided to

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    Statistic Assigment

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    which will eventually be explained in chapter 5. The variables that will be used are divided into both dependant and independent variables. The variables are as follows; 1. dependent variable- FTSE 100 Index (Y) 2. independent variable- UK government bond market (X1)‚ 3. independent variable- S&P 500 Index (X2) 4. Independent variable- US money exchange rate (X3). The main focus of this assignment would be to analyze and measure the impact on the FTSE 100 Index with other independent

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    Intro to statistics

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    statement- What are you going to investigate (use the 6 characteristics of a good problem statement) 1. Be interested in the problem 2. Have a manageable scope 3. Be comfortable in terms of the knowledge‚ time‚ and resources needed to investigate the problem 4. Be able to collect and analyze numerical data 5. Must be a practical or theoretical reason for you to research the problem 6. It must be ethical for you to investigate the problem Step 2- State a hypothesis How can we investigate

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    Q1. (a) ‘Statistics is the backbone of decision-making’. Comment. Ans.(a) Due to advanced communication network‚ rapid changes in consumer behavior‚ varied expectations of variety of consumers and new market openings‚ modern managers have a difficult task of making quick and appropriate decisions. Therefore‚ there is a need for them to depend more upon quantitative techniques like mathematical models‚ statistics‚ operations research and econometrics. Decision making is a key part of our day-to-day

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    Statistics Questions

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    5 Probability 0.34 0.25 0.19 0.11 0.07 0.04 1. On average‚ how many blemishes do we expect on one piece of new furniture?  2. What is the variance of blemishes on one piece of new furniture? (round to the nearest hundredth)  QUESTION 22 The probability that a person catches a cold during the cold-and-flu season is 0.4. Assume that 10 people are chosen at random. On average‚ how many of these ten people would you expect to catch a cold?  What is the standard deviation of the number

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    Question for Statistic

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    your complete work and support your answer. CV2008 = 3.96/22 * 100% = 18% CV2009 = 4.08/24 * 100% = 17% So‚ 2008 shows more dispersed distribution 3. A local university administers a comprehensive examination to the recipients of a B.S. degree in Business Administration. A sample of examinations are selected at random and scored. The results are shown below. Grade For the above data‚ determine a. The mean = ∑X/n = 664/8 = 83 b. c. The median = (85+87)/2 = 86 The standard deviation = √variance ariance

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    Social Statistics

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    2/8 (Friday) Standard Deviation cont’d Example: Amount of money earned by new immigrants Sample: 12‚ 15‚ 16‚ 20‚ 25‚ 36‚ 40 Step 1: Find the mean * x̄=164/7 * mean is 23.4 Step 2: Find how much each observation deviates from the mean * 12 - 23.4 = -11.4 * 15 – 23.4 = -8.4 * 16 – 23.4 = -7.4 * 20 – 23.4 = -3.4 * 25 – 23.4 = 1.6 * 36 – 23.4 = 12.6 * 40 – 23.4 = 16.6 * Note: all observations below mean will be negative‚ all above will be positive Step

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    Fluid Statistics

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    force acting over the area A. Dimension: F/L2 Units of pressure are N/m2‚ which is called a pascal (Pa). Since the unit Pa is too small for pressures encountered in practice‚ kilopascal (1 kPa = 103 Pa) and megapascal (1 MPa = 106 Pa) are commonly used. Other units include bar‚ atm‚ kg/cm2‚ lbf /in2=psi. 9/4/2013 2 1 Absolute‚ gage‚ and vacuum pressures Actual pressure at a give point is called the ________________. Most pressure-measuring devices are calibrated to read zero in the atmosphere

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    Statistics Project

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    63/2) Sample Mean: 13.50 grams of sugar per serving (134.96/10= sum of the sugars‚ divided by the sample size) Range: 26.18 (27.78-1.6) Difference between the maximum and minimum Sample Variance: 86.49866667 (Calculation shown on the next page: used a spreadsheet and pasted into the document) Sample Standard Deviation: 9.300465938 (Calculation shown on the

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    Statistics Analysis

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    (US$) Salary increase (%) Career progress rank Work experience rank Aims achieved rank International course experience rank FT.com Business School Rankings - Custom PDF download 1 1 Kellogg / Hong Kong UST Business School Kellogg-HKUST EMBA 465‚774 42 25 2 1 41 2 2 Columbia / London Business School EMBA-Global Americas and Europe 265‚596 89 18 25 8 8 3 3 Trium: HEC Paris / LSE / New York University: Stern Trium

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