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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Course: Applied Statistics 3.00 Credit Hours‚ fall 2014‚ ADP (Accounting and finance) Instructor: Sonia Iqbal Email: Sonia.iqbal@uogsialkot.edu.pk INTRODUCTION 1.1 Meaning of Statistics:- Statistics is a subject consisting of rules‚ methods and techniques of collecting data and presenting large amount of numerical information. It is also used to draw inference about the population on the basis of sample For example‚ to check the performance of a student is being studied. Data will be collected
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Fall 2011- August drive MBA SEMESTER 1 MB0040 – STATISTICS FOR MANAGEMENT- 4 Credits (Book ID: B1129) Assignment Set- 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions 1. (a) ‘Statistics is the backbone of decision-making’. Comment. [ 5 marks] (b) Give plural meaning of the word Statistics? [ 5 marks] 2. a. In a bivariate data on ‘x’ and ‘y’‚ variance of ‘x’ = 49‚ variance of ‘y’ = 9 and covariance (x‚y) = -17.5. Find coefficient of correlation between ‘x’ and
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Official statistics are published by the Home Office regarding the number of different types of crimes committed and the backgrounds of those responsible. Official statistics are published annually and are used to compare the difference in crime year by year‚ from this government policies are revised and adjusted where they see fit. Some sociologists see the statistics as an invaluable source of information whereas others question their accuracy. Positivists and Functionalists have taken official
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Research and statistics for managerial decision making Assignment 2 Mohammed Ahmed Ali
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Memo To: Members of the Centervale City Council From: Director of Data Analysis CC: Delicia Terrell Date: 3/3/2011 Re: Crime Statistics Research and Review Crime in our nation is a serious problem today. Not only is criminal activity dangerous for the American people but it is expensive as well. The harshest of crimes being homicide‚ in 2008 it was reported that there were 15‚672 murders committed compared to the year 2009 which 14‚558 murders took place. According to Fox News studies there
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Crime Statistics The crime statistics focus on giving out specific detailed information to the public and the government of United States about all the crime taken place in a certain period of time. The crime related information for the statistics is collected and published by different federal government agencies such as FBI‚ the department of Justice‚ the National Institute of Justice‚ etc. The statistics include data about how much crime is there; when and where crime occurs; what type of crime
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For many years scientists have doubted and tried proving if Atlantis was real or not‚ and Atlantis is real. Atlantis is real because of the evidence that cutting-edge technology has found such as satellite photographs and new discoveries‚ Plato’s writings‚ and the fact that Atlantis is a logical myth. Atlantis is real due to the new evidence just found. This evidence was found due to the advanced technology of today. Satellite photographs found by Richard Freund recently identified what looked to
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1-2 Test 100 points In order to receive full credit‚ please show all work for every problem. You are welcome to use your calculator‚ book and notes‚ but please take this test on your own. 1. In your own words‚ explain what parameters and statistics are and what the difference is between them. Give an example to clarify. (10 points) 2. According to Consumer Reports‚ a random sample of 35 new cars gave an average of 21.1 mpg. What is the variable being studied? What is
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nomy of central bank MACROECONOMICS 1.Central banking: Functions: -management of public debt of government (agent of government & no autonomy) -Regulation & supervision of banking entities(Here the role is of lender) -financing of development activities and other associated functions(in this close coordination with government) 2.central bank independence: -Personal matters In this case gov. Distances itself from appointment‚dismissal procedures of top
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