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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Wilkinson 1 Comparison/Contrast of "Cut" and "The Fourth of July" In the two essays "Cut‚" by Bob Greene and "The Fourth of July‚" by Audre Lorde they both discuss how disappointments as a child affected their lives. Greene ’s essay gives five examples about how five boys were cut from a sports team and how they used that disappointment to become successful as adults. Lorde ’s essay differed in that it told one story of how her and her family were on their vacation in Washington D.C. and they
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Rhetorical Analysis of Frederick Douglas Frederick Douglas in his speech‚ “What to the Slaves‚ Is the Fourth of July?”‚ eloquently establishes the hypocrisies prevalent in American society during the 1800’s. He was asked to give a speech at an anti-slavery meeting during a Fourth of July celebration‚ and he took that opportunity to demoralize the institution of slavery. He deemed it hypocritical for the anti-slavery constituents to ask him to deliver such a speech. Considering he
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Descriptive Statistics using Excel May 2011 / Dr Rensvold Open the Excel spreadsheet labeled "Example Database." The first page is the Data Dictionary. The Variable Label is the "handle" used for computation. The Variable Name is longer and more descriptive. The Values column shows the numerical values associated with categorical variables. In the data dictionary‚ you can see that the only categorical (nominal) variable is SEX. The others are ratio variables (why?) Click on the Data tab
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Descriptive and Inferential Statistics Greg Hagen‚ Jean Parker‚ Jade Riley‚ Nanika Woods‚ Myron Hamilton‚ Tajah Gutierrez‚ Treva Eley PSY/315 June 9‚ 2012 Nancy A. Walker Descriptive and Inferential Statistics Statistics is a vital part of the psychological field as the analysis of statistics provides researchers with a means of both describing the results of research and surmising from those results‚ as well as drawing conclusions related to a hypothesis. Statistics gives a better understanding
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Statistics is mathematical analysis involving the use of quantitative‚ models and summaries for a given set of tested data or observations. Statistical analysis involves the process of collecting and analyzing data and then summarizing the data into a numerical form. Today there is no social ‚commercial or even governmental activities not dependent on statistics from the beginning of the project until its end. When you start planning any new project must be the work of‚ for example‚ a study on
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writing “Fourth of July Oration” was to show the failure of America not living up to it’s core of liberty for all men. Douglass focuses on the aspect that the Fourth of July celebration not able to truly be celebrated by all citizens. Some stylistics choices made by Douglass‚ I believe‚ made his piece successful. However there were choices he made weakening his argument. The speech organization helps focus on the important points‚ establishing the issues with the Fourth of July celebration. By choosing
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Descriptive statistics is the discipline of quantitatively describing the main features of a collection of data.[1] Descriptive statistics are distinguished from inferential statistics (or inductive statistics)‚ in that descriptive statistics aim to summarize a sample‚ rather than use the data to learn about the population that the sample of data is thought to represent. This generally means that descriptive statistics‚ unlike inferential statistics‚ are not developed on the basis of probability
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Applications of Business Statistics Statistics are used by all industries and businesses as a standardized unit of measurement for presenting data in a useful and meaningful format. Statistics can be used to measure historical performance and to forecast future targets. For business managers and leaders‚ statistics provide insight into how business units are performing relative to an organizations goals and objectives. Statistics also forecast future trends and are used in all areas of human thought
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Reasons Statistics Are Important Tabatha I. Weekley BUS500 Research Paper SIU with Professor Morgan “Statistics is defined as a branch of mathematics dealing with the collection‚ analysis‚ interpretation‚ and presentation of masses of numerical data.” (m-w.com) Or‚ mathematical equations used to figure out what is happening in the world. So‚ why do we use statistics on a daily basis and how are they important? Statistics shape your life whether you know it or not. We use them in weather forecasts
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