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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companies and the probability of getting a job offer there. These data are tabulated below. The tabulation is in the decreasing order of cost. 1. If the graduate applies to all 10 companies‚ what is the probability that she will get at least one offer? 2. If she can apply to only one company‚ base on cost and success probability criteria alone‚ should she apply to company 5? Why or why not? 3. If she applies to companies 2‚5‚8‚ and 9‚ what is the total cost? What is the probability that she will
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Case Problem 1: National Health Care Association(Descriptive Statistics) The National Health Care Association is concerned about the shortage of nurses the health care profession is projecting for the future. To learn the current degree of job satisfaction among nurses‚ the association has sponsored a study of hospital nurses throughout the country. As part of this study‚ a sample of 50 nurses was asked to indicate their degree of satisfaction in their work‚ their pay and their opportunities for
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Statistics in Business Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It also provides tools for prediction and forecasting based on data. It is applicable to a wide variety of academic disciplines‚ from the natural and social sciences to the humanities‚ government and business ("Statanalysis Consulting"‚ 2013). Statistics is used in decision making that affects our everyday lives. The study of statistics
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9.18 a) Using forward stepwise regression to find the best subset of predictor variables to predict job proficiency. The Alpha-to-Enter significance level was set at 0.05 and the Alpha-to-Leave significance level was set at 0.10. The first predictor entered into the stepwise model is X3. SAS tells us that the estimated intercept is -106.13 and the estimated slope for X3 is 1.968. The R2-value is 0.8047‚ mean square error is 76.87. The second predictor entered into the stepwise model is X1.
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the written application of operation. It teaches students to think clearly‚ reason well and strategize effectively. Mental Mathematics is the ability to utilise mathematical skills to solve problems mentally. The marks scored by pupils generate statistics which are used by teachers to analyse a student’s performance and development of theories to explain the differences in performance. The Standard 3 class is where the transition from junior to senior level occurs where teachers expect the transference
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Statistics in Business Katherine Wolf QNT/275 April 3‚ 2015 Barry Adkins Statistics in Business Statistics is all about collecting numerical data‚ organizing it‚ and interpreting the data to form hypothesis. While interpreting the data we are able to draw all kinds of conclusions from weather forecasts to how much money a company is projected to make over the next year. There are different types of statistics that can be used for different outcomes. You have to first identify the
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L-3 HR Department Betters Their Workforce QNT/351 September 12‚ 2014 Instructor: David FrancomIntroduction L-3 communications is a great company to be involved in. As challenges arise‚ the HR department goes to work with statistical decision making in order to make the best decision possible. This paper is a reflection of how steps in the decisions making process are being used by L-3‚ and can be used by any company to come up with the right conclusions to help solve problems. L-3 is a leader
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The Poisson probability distribution‚ named after the French mathematician Siméon-Denis. Poisson is another important probability distribution of a discrete random variable that has a large number of applications. Suppose a washing machine in a Laundromat breaks down an average of three times a month. We may want to find the probability of exactly two breakdowns during the next month. This is an example of a Poisson probability distribution problem. Each breakdown is called an occurrence in Poisson
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STUDENT PERFORMANCE DETERMINANTS IN A BUSINESS STATISTICS COURSE AT A LARGE URBAN INSTITUTION CIS 3300 November 30‚ 2012 INTRODUCTION This research paper discusses the effects of several different factors on a student’s success in a Business Statistics course. The different variables include areas related to the student’s academic factors as well as factors related to the student’s personal life. The academic related variables are: course of study‚ study hours per week‚ semester credit
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