Business Administration- MBA Semester 1 MB0040 – Statistics for Management Assignment Set - 1 Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics: Statistics as a discipline is considered indispensable in almost all spheres of human knowledge. There is hardly any branch of study which does not use statistics. Scientific‚ social and economic studies use statistics in one form or another. These disciplines make-use
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meaningful way. The primary role of statistics is to to provide decision makers with methods for obtaining and analyzing information to help make these decisions. Statistics is used to answer long-range planning questions‚ such as when and where to locate facilities to handle future sales. 2 Definition s Statistics is defined as the science of collecting‚ organizing‚ presenting‚ analyzing and interpreting numerical data for the purpose of assisting in making a more effective decision. 3 Applications
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Which is more powerful‚ lies or love? In Romeo and Juliet lies seem to be overpowering love in many aspects. More than marriage‚ lies are what bond Romeo and Juliet. Because of said lies‚ more fights occur‚ Romeo is banished‚ Juliet’s relationship with her parents is damaged‚ the Nurse and the Friar are both stuck in a circle of lies. The “love” that Romeo and Juliet have is based on lies‚ their whole relationship is a lie stacked upon another lie‚ that ruined and damaged other relationships and
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Descriptive Statistics One of the most beloved sports in America is Major League Baseball. This professional sport spends billions of dollars each year enhancing the chances to reach the ultimate goal in winning the World Series. Major League Baseball is one of the few remaining sports that have an uneven balance in the franchise wage capacity to acquire top talented players. The areas of concentration in this research paper will be player salaries‚ winning percentage‚ player performance
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History and Development of Statistics Simple forms of statistics have been used since the beginning of civilization‚ when pictorial representations or other symbols were used to record numbers of people‚ animals‚ and inanimate objects on skins‚ slabs‚ or sticks of wood and the walls of caves. Before 3000 BC theBabylonians used small clay tablets to record tabulations of agricultural yields and of commodities bartered or sold. The Egyptians analyzed the population and material wealth of their country
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Fatme Hassan Statistics in the workplace Statistical Methods Mrs. Barry Statistic in Nursing Working in the healthcare field requires critical thinking‚ analysis and observational studies on patient’s health in order to use the most appropriate treatment for the patient. Nursing involves protection‚ compassion‚ and abilities to reduce illnesses and injuries. Also‚ enhancing diagnosis and treatment of human response‚ and providing support in the care of individuals
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Shannon Law LITTLE WHITE LIES Have you ever told a lie to somebody? After telling that lie‚ did you feel guilty about it? Most of the time‚ people feel guilty or bad if they express their own opinion about something. Telling the truth is always essential for us in everyday life. We can be trusted by other people and at the same time‚ be able to express and support our own opinions. Honesty can never hurt anyone more than you lying to them. Why did you think Abraham Lincoln was nicknamed “Honest
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Draft #1 10-31-2012 "Beating the Statistics" Statistics show eighty-five percent of youth in prison‚ seventy-one percent of high school dropouts‚ ninety percent of homeless and runaway children have an absent father. Fatherless children and youth exhibit higher levels of: depression and suicide‚ delinquency and teen pregnancy‚ behavioral problems‚ illicit and licit substance abuse‚ diminished self-concepts‚ and are more likely to be victims of exploitation and abuse (Kruk
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3ER PARCIAL Inferential statistics Sampling * The purpose of sampling is to select a set of elements (sample) from a population that we can use to estimate parameters about the population * The bigger the sampling‚ the more accurate our parameters will be. example: In the experiment of deciding if CEGL girls are smarter that CEGL boys‚ which would be your statistical hypothesis? Hypothesis testing But now‚ you already gathered information about a sample No‚ you will test if your
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Where Happiness Lies "Finding happiness is like finding yourself. You don ’t find happiness‚ you make happiness. You choose happiness. Self-actualization is a process of discovering who you are‚ who you want to be and paving the way to happiness by doing what brings YOU the most meaning and contentment to your life over the long run." -David Leonhardt People can spend their entire lives searching to fill what they feel is that void of happiness. They will get lost in their own sense of time
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