BUS 105e: Statistics By Dr Tony Halim GBA: 27 February 2013 Done by: Koh En Song Andrew (Q1211397) Melissa Teo Kah Leng (E1011088) Woon Wei Jie Jared T 04 1. Over the span of 100 days‚ the total revenue for Unicafe North and Unicafe West is $21876.60 and $22042.00 respectively. The average revenue for Unicafe North is $218.77. The average revenue for Unicafe West is $220.42. The highest revenue occurred on the 88th day for both outlets. The lowest revenue occurred on 39th day for
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It was a cold winter night‚ with dirty brown snow covering parts of the St. Bernard parking lot. I was very nervous as I entered the gym because this was our first time as an A team being in the finals of a tournament. Plus we always got crushed by St. I’s‚ but this game we came up with a new strategy that would shut down their whole offence. That night the only thing I was focused on was beating St. I’s‚ we played them in our first game of the season and they beat us by forty points. Our whole
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statement of anticipated results. ❖ It stimulating the thinking process of researcher as the researcher forms the hypothesis by anticipating outcome. ❖ It also determines the most appropriate research designs and techniques of data analysis. ❖ Hypothesis provides understanding to the researchers about what to except from the results of the research study. ❖ It serves as a framework for drawing conclusions of a research study. ❖ Without hypothesis‚ research would
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Everywhere you go‚ everything you see‚ statistics is all around. I for one‚ did not realize how important and relevant statistics was in our everyday lives until taking this course. Everything is run by statistics; the kind of coffee available in Dunkin’ Donuts‚ the flavors of ice cream at Dairy Queen‚ and even the clothes we buy in stores. Statistics evaluates what works in our growing and complex society nowadays. All of these selections would not be available to us without the statistical
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1. What are the key elements of Silver Ships’ strategy? Which of the five generic strategies is the company pursuing? The first key element of Silver Ship’s strategy is multiple growth opportunities. R&D‚ technology‚ and product design are also key elements of Silver Ship’s strategy. McCarty adhered to the highest possible quality and performance standards and made taking care of his employees a high priority. The generic strategy that Silver Ships is using is planned proactive moves to attract
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confidence interval is 1.645. The SD standard deviation is 2500-600=1900 1900/4 N=[1.645*(1900/4)/100]^2=62 A sample of 62 is needed. Your sample data has mean 3.1948 and standard deviation 0.0889‚ with a sample size of 25. X (bar) = 3.948‚ s =0.0889‚ n = 25 Use a one-sample t-test Conditions/assumptions for a t-test •Random sample- our survey was a random sample of 25 stations •Normal distribution –we are assuming gasoline prices are normally distributed Null hypothesis: The
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Define Statistics Statistics is the practice of gathering‚ sorting‚ and categorizing numerical information in an organized format that can be used to acquire results to specific problems. According to McClave‚ Benson‚ and Sincich (2011)‚ “Statistics is the science of data. It involves collecting‚ classifying‚ summarizing‚ organizing‚ analyzing‚ and interpreting numerical information” (p. 3). Different Types and Levels of Statistics There are two types of statistics. One is descriptive which defines
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Assigmnment 1 Question 1: Give a comprehensive account of the importance of Statistics to you (i) as a government agent‚ (ii) as a Public Administrator‚ (iii) as an individual Statistics‚ is study of the systematic collection‚ organization‚ and interpretation of data. This includes the planning of data collection in terms of the design of surveys and experiments. Is is therefore safe to say that Statistics‚ as a discipline‚ is the development and application of methods to collect‚ analyze and
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Due 10/09/2010 Question 2: using research into street violence to illustrate your argument‚ identify dilemmas associated with relying on police statistics as a measure of crime. When the annual crime statistics are reported‚ they can generate many emotions within society. These feelings can be conflicting depending on whether the crime statistics show an increase or decrease in crime fields. When crime rates are down the community feels relieved‚ protected and safe‚ restoring confidence in the
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Statistics Investigation Introduction A new drug was developed that was claimed to lower the cholesterol level in humans. A leading heart specialist was interested to know if the claim made by the company selling the drug was accurate. They enlisted the help of 50 patients. They agreed to take part in an experiment in which 25 patients would be randomly allocated to a group that would take the new drug and the other 25 would take an identical looking pill that was a placebo (a sugar pill that
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