for each observation. These are found by subtracting the mean value from the selected value and dividing by the standard deviation. The Normal Probability Distribution Find an example of application of probability theory in your workplace or business. Show that the reasons that your workplace uses probability analysis‚ such as probability of risk calculations or percent defects or percent for pass or fail of a
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Q1 In a test given to 500 students‚ the average marks was 56 and the standard deviation was 20. Find (i) the number of students exceeding a score of 60. (ii) the number of students having marks between 50 and 70. (iii) the value of marks exceeded by the top 100 students. Answer-------- (i) number of students exceeding a score of 60=210 (ii) The number of students having marks between 50 and 70=188 (iii) The value of marks exceeded by the top 100 students=73 Q2. Following
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operations and event management for an athletic team. I believe that the skills I have developed from my extensive athletic career‚ including my competitiveness and ability to work efficiently as an individual as well as with a team‚ can have a lasting impression on a company. When combined with my enhanced knowledge and prowess from previous employment at both a baseball stadium and a soccer store‚ these skills can allow me to be successful in an athletics event management role. One of my previous
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At the end of year 11 I had seen my future career path heading towards Business management‚ as I have the skills needed to motivate teams‚ solve problems and communicate with others to get jobs set to me complete. All skills which can also be transferred to construction management. However construction management offers me the challenge of having to find solutions to problems on a daily basis and the promise that no two jobs will ever be alike but most importantly it will mean that I get a lot of
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I’m often told by those around me that stage management sounds like an awfully complicated and demanding discipline. Yet I instinctively smile‚ as I know I love and continue to pursue roles in it for that very reason. It is this innate feeling that tells me that I want to work professionally in this industry‚ and I believe that this course will provide me with the necessary skills‚ opportunities and contacts to help make that happen. Over the past five years‚ I’ve spent a large portion of my free
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1 Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics.Explain the applications of statistics. Meaning of statistics Functions of statistics Applications of statistics. Ans:Statistics plays an important role in almost every facet of human life. In business context‚ managers are required to justify decisions on the basis of data. They need statistical models to support these decisions. Statistical skills enable managers to collect‚ analyse and
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GT00303 Business Statistics Semester II 2008/2009 Chapter 1 Introduction of Business Statistics An important decision-making tool in business and is used in virtually every area of business. Among the more common meaning of the word are: 1) the science of gathering‚ analyzing‚ interpreting and presenting data 2) a branch of mathematics 3) a course of study 4) facts and figures 5) a death 6) sample measurement 7) type of distribution used to analyze data Statistics
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Introduction Statistics is a field of knowledge that enables an investigator to derive and evaluate conclusions about a population from sample data. In other words‚ statistics allow us to make generalizations about a large group based on what we find in a smaller group. The field of statistics deals with gathering‚ selecting‚ classifying data; interpreting‚ analysing data‚ deriving‚ evaluating the validity and reliability of conclusions based on data. Strictly speaking‚ the term "parameter" describes
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we are faced with situations everyday where Statistics can be applied. In general‚ Statistics is the science of collecting‚ organizing‚ and analyzing numerical data. The techniques involved in Statistics are important for the work of many professions‚ thus the proper preparation and theoretical background of Statistics is valuable for many successful career paths. Marketing campaigns‚ the realm of gambling‚ professional sports‚ the world of business and economics‚ the political domain‚ education
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Personal Statement I am applying for a place on the MSc Management and International Business course at the Birmingham City University Business School because of my keen interest in business and management. Over the past few years‚ my curiosity in the field of management has grown exponentially. It always fascinates me to observe the inter-relationship of even the most insignificant entrepreneur with the wider environment. It shows how businesses can forge links between people around the world and
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