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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Importance of Statistics in Society (Lecturer: Statistics and Research Methodology) Nepal Commerce Campus Tribhuvan University Kathmandu‚ Nepal Email:drbhandari2012@gmail.com Statistics plays a vital role in every fields of human activity. Statistics has important role in determining the existing position of per capita income‚ unemployment‚ population growth rate‚ housing‚ schooling medical facilities etc…in a country. The statistical tools like Index number‚ correlation‚ time series analysis
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In today’s world‚ 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
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middle of a distribution of numbers‚ such that half the cases are higher and half lower than a value. What statistical measure should he use? A. mean B. median* C. mode D. standard deviation 3. A "codebook" is A. only used in existing statistics research. B. a document that tells the researcher where variables are located in the data file and what numbers go with variable attributes* C. the set of instructions that tell interviewers or experimenters how to treat respondents or subjects
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One of the must difficult jobs that God have ever created‚ and one of the most challenging role there is to play and that is being a man!!......This not trying to extract nor deviate the position of a woman because she plays an an important part as well but if you sit down and begin to evaluate each role you will see that men are give more responsibility and are held more accountable for there actions. 1. Adam Household Created man 5 assignment‚ created the
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Efficiency is another tangible benefit of assimilating information systems. When computers can take over some of the tedious‚ detailed and mundane tasks‚ this makes processes move more quickly with a higher degree of accuracy. While it’s true employees still play an importance role in ensuring data is entered correctly‚ once entered in the program‚ the management information system can effectively increase efficiency and data integrity. With proper planning a company can maximize profit while
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What Is the Agenda? Etymology Explanation of Agenda Typical Layout of Agenda How can meetings run smoothly and end successfully? Components of a Meeting Agenda Steps in Making an Effective Meeting Agenda Benefits of an Agenda in a Meeting Chairperson and Secretary’s Agenda An agenda is a list of meeting activities in the order in which they are to be taken up‚ by beginning with the call to order and ending with adjournment. It usually includes one
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I knew this was my moment. The anguish that came in short splutters from the doctor’s mouth left me more than shell-shocked. The panic that came after‚ however‚ knocked me over. The doctor was the grim reaper‚ issuing death sentences to the people who visited him‚ unfeeling‚ cold‚ and resistant to the pleas and bargains of the victims. The sentence struck a chord in my heart‚ with the sudden realization that the clock in my body had begun to tick‚ the second hand spinning away in reverse
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A company’s strategy is a "work in progress" and evolves over time because of. The ongoing need of company managers to react and respond to changingmarket and competitive conditions. The managerial task of developing a strategic vision for a company Involves deciding upon what strategic course a company should pursue in preparing for the future and why this directional path makes good business sense A "balanced scorecard" that includes both strategic and financial performance targets is a conceptually
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THEORY / MODEL STUDY In this study we have found a number of communication theories that coincide with our study material . Here are the theories that we have encountered in our study : 1 ) Theory Agenda - setting theory introduced by McComb and DL Shaw (1972 ) . This theory says that if the media pressure or sensationalize an event or thing ‚ it brings will affect the audience to assume it is something big or important . It thus means the media has a great influence on the formation of public
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