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

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 30 of 50 - About 500 Essays
  • Satisfactory Essays

    Ratio Statistic

    • 632 Words
    • 3 Pages

    33.33% (1.2-0.8)/1.2*100) Which is not really good for business | Liquid ratio | 0.7:1 | 0.34:1 | The Liquid ratio of Woolworth is considerably below industry average. The movement is 51.43 %. It is showed that the business may have problem in paying their debt.(0.7-0.34/0.7*100) | Gross Profit ratio | 25.9% | 26.03% | The gross profit ratio of Woolworth is above industry average. Is higher by 0.13% Which indicate a good thing for business | Net Profit ratio | 2% | 3.95% | The net profit ratio

    Premium Accounts receivable Generally Accepted Accounting Principles Financial ratios

    • 632 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Statistics and Data

    • 655 Words
    • 3 Pages

    height of his plant each day for 10 days. The plant’s height‚ in centimeters‚ over that time is listed in the table to the right. Pablo determines that the function y = 1.73x + 1.87 is a good fit for the data. How close is his estimate to the actual data? Approximately how much does the plant grow each day? 1. Create a scatter plot of the data. 2. Draw the line of best fit through two of the data points. x | y = 1.73x + 1.87 | 1 | y = 1.73(1) + 1.87 = | 2 | y =

    Premium Statistics Regression analysis Mathematics

    • 655 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Statistic and Probablilty

    • 481 Words
    • 2 Pages

    Module 1 Suppose you hear an "old-timer" say‚ "Why‚ in my day‚ kids were much more respectful and didn’t cause as much trouble as they do nowadays!" Formulate a hypothesis related to this statement that you could test. How would you test it? The old-timer are the older person in their 70s or 80s at this time. I would compare the age when this old timer is raising his own children . what actually age he may be‚ let say‚ 25 years old if he was born in 1940 by the year 1965 to determine respectfulness

    Premium Experiment Hypothesis 1980

    • 481 Words
    • 2 Pages
    Good Essays
  • Good Essays

    statistics problems

    • 359 Words
    • 2 Pages

    before the election. To predict the winner a newspaper would like to have a poll that has margin of error of less than 1%. Roughly how large a sample would be needed for such a poll? Chapter 8 6. A large population of overdue bills ha balances that follow a normal curve. When we take a sample of 100 of these the average is $500 and the SD is $100. (a) What statement can you make about the range $300 to $700? (b) What statement can you make about the range $480 to $520? 10. Pollsters try to

    Premium Voting Sampling Standard deviation

    • 359 Words
    • 2 Pages
    Good Essays
  • Good Essays

    How attitude role in decision making process? Before I can talk about the play role between attitude and buying decision process‚ let’s look at the definition of attitude first. Attitude is a relationship link between feeling and believes or a consumer’s thoughts and the response action. We can say that attitude is something that is in the people’s mind and the thought of a consumer’s openness towards the information received by each individual. The information received can be both positive and

    Premium Cognition Decision making software Decision making

    • 537 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Statistics Analysis

    • 548 Words
    • 2 Pages

    Hypothesis: Ho: P = .10 (Mr. Plex and consortium will seriously consider settlement) H1: P < .10 (Mr. Plex and consortium will rigorously defend any lawsuit by Tommy) Analysis: For this case‚ we use 0.01 as the significance level. In a hypothesis test‚ a Type I Error occurs when the null hypothesis is rejected when it is in fact true. That means if the consortium decides to consider a settlement when greater than 10% of the patrons resented ads/commercials is true and we reject the null hypothesis

    Premium Statistical hypothesis testing Type I and type II errors Statistics

    • 548 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    1.1: 4 Introduction: 4 Research 4 Data collection objective: 5 Task 1.2: 6 Survey methodologies: 6 Sampling frame used: 7 Task # 1.3: 7 Questionnaire: 7 Task # 2.1 & 2.2: 8 Data analysis: 8 Task # 2.3: 11 Measures of dispersion: 11 Task # 2.4: 12 Quartile‚ percentile and correlation coefficient calculation: 12 Task # 3.1: 14 Task # 3.2: 16 Task # 3.3: 17 Task # 3.4: 18 Formal business report 18 Task # 4.1: 18 Information processing tools: 18 Task # 4.2: 20 Task # 4.3: 22 Financial tools: 22 Reference:

    Premium Decision theory Decision making Decision support system

    • 3273 Words
    • 20 Pages
    Powerful Essays
  • Good Essays

    Economic Statistics

    • 324 Words
    • 2 Pages

    Caucasian males that have survived 54 years?” The answer will almost certainly be larger than 72. I want an estimate “conditioned on” the fact that I have already lived 54 years. Life is dynamic. Things are constantly changing. However‚ too often decisions are based on static information. Bayes theorem takes advantage of dynamic information to give a better‚ more correct answer. Bayes Theorem is a mathematical representation that helps one to calculate conditional probability. It relates inverse representation

    Premium Probability theory Random variable

    • 324 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Descriptive and Inferential Statistics Paper Descriptive and Inferential Statistics Paper Statistics are used for descriptive purposes‚ and can be helpful in understanding a large amount of information‚ such as crime rates. Using statistics to record and analyze information‚ helps to solve problems‚ back up the solution to the problems‚ and eliminate some of the guess work. In Psychology there has to be a variable or variables to be organized‚ measured‚ and expressed as quantities. Information

    Premium Statistics Statistical inference

    • 888 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Statistics of Infidelity

    • 583 Words
    • 3 Pages

    these numbers are probably on the conservative side‚ when you consider that close to half of all marriages end in divorce (people are more likely to stray as relationships fall apart; also see‚ who is likely to cheat). •Research consistently shows that 2 to 3% of all children are the product of infidelity (see‚ Anderson). And most of these children are unknowingly raised by men who are not their biological fathers. DNA testing is finally making it easy for people to check the paternity of their children

    Premium Marriage

    • 583 Words
    • 3 Pages
    Satisfactory Essays
Page 1 27 28 29 30 31 32 33 34 50