What is STEP Analysis? A method used by management that provides the analysis which is based on the four external factors that may affect the organization’s performance. Social‚ Technological‚ Economic and Political are the four factors. This strategical tool helps the profitability of the company. Factors Social: The social factor helps a company to understand the ethical‚ cultural beliefs‚ demographics‚ lifestyles and education. These changes influence the growth of the company. Technological:
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Doing Statistical Analysis Excel provides a large number of statistical functions. These and the tools in the Analysis ToolPak cover most types of statistical analysis that you would need to do in finance and include in your models. Many people look at functions as "black boxes." You input the arguments‚ and the functions provide the answers. In a way this view is true‚ but it is also dangerous - you may use a function or tool incorrectly or misinterpret the results. So take the time to know
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Assumptions and Conditions for using Statistical Tests Bright Eugene Imo State University‚ Owerri ABSTRACT All statistical procedures have underlying assumptions‚ some more stringent than others. In some cases‚ violation of these assumptions will not change substantive research conclusions. In other cases‚ violation of assumptions will undermine meaningful research. Establishing that one’s data meet the assumptions of the procedure one is using in an expected component of all quantitatively
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THE GENERAL PROCEDURE There are several variations in problem analysis. But the general approach is the following: Step One: Determine the appropriate product or activity category for exploration. This has already been done if the product innovation charter has a use‚ user‚ or product category dimension in the focus statement. Step Two: Identify a group of heavy product users or activity participants within that category. Heavy users are apt to have a better understanding of the problems‚ and
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Hypothesis Statement Trees that exhibit gumming are more resistant to fusarium dieback caused by the polyphagous shot hole borer (PSHB) because the gum secreted acts as a defense against beetles that attempt to penetrate the bark‚ and as a result grant the tree faux resistance to the Fusarium euwallaceae fungi. Introduction Californian agriculture is at great risk because of a disease being spread by the Polyphagous Shot Hole Borer (PSHB)‚ Euwallacea sp. The PSHB is an ambrosia beetle
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(211)---STATISTICAL TECHNIQUES FOR RISK ANALYSIS Statistical Techniques for Risk Analysis Statistical techniques are analytical tools for handling risky investments. These techniques‚ drawing from the fields of mathematics‚ logic‚ economics and psychology‚ enable the decision-maker to make decisions under risk or uncertainty. The concept of probability is fundamental to the use of the risk analysis techniques. Hoe is probability defined? How are probabilities estimated? How are they used
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EXPORT PROCEDURE 1. An exporter receives an enquiry from the prospective buyers seeking information regarding price‚ quality & other terms conditions for export of goods. The exporter sends a quotation known as proforma invoice as reply. 2. If the buyer is satisfied with the export price & other terms & conditions‚ he places the order or indent for the goods. 3. After receiving the order or indent‚ the exporter undertakes an enquiry regarding the credit worthiness of importer to assess the
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Investigation Followup PROCEDURE My investigation was what what would happen to gummy bears when they were put into different solutions‚ if they would get bigger‚ smaller‚ or stay the same. Such as would it change color‚ texture‚ and/or weight. My hypothesis was that the gummy bears would get bigger in all the solutions‚ they would get bigger in the forms of length‚ width‚ and height. The second hypothesis was that I didn’t think they will change colors‚ and I didn’t think that
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STATISTICAL ANALYSIS SOFTWARE PACKAGES When you might get directly involved in computer-based data analysis‚ my guess is that you’ll be a little amazed at the capabilities of most statistical analysis software packages. I’ve already alluded to the rather extraordinary number of cases and variables that most packages can handle‚ but that’s just the start of it. The truly amazing element is the speed at which the data are manipulated and calculations are performed. Extremely sophisticated analyses
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Ethical Procedures and Guidelines Defining Psychological Research Psychological research is often a very controversial subject among experts. Many people feel that there are many moral standards that are often not followed. Others may believe that there is much harmful misinformation that can often be harmful to subject and others. Still others believe that psychology is a lot of theories without any reinforcing information. Whether any of these assumptions may be true or not‚ there have
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