September 16th‚ 2012 This week’s assignment is about the use of misleading statistics. Companies and individuals use statistics in a variety of way in order to provide information on certain things. The use of misleading statistics‚ while not ethical‚ could be viewed as valuable‚ if it increases profit margins or awareness of the stated topic of the statistic in a biased way. Question number 8 provides a statistic that Vitamin E is an antioxidant that may help fight heart disease and cancer
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6.14 Show that for a sample of n = 39‚ the smallest and largest Z values are – 1.96 and + 1.96‚ and the middle (i.e.‚ 20th) Z value is 0.00. 6.19 The data in the file spending represent the per-capita spending‚ in thousands of dollars‚ for each state in 2004. Decide whether the data appear to be approximately normally distributed by A. Comparing data characteristics to theoretical properties. B. Constructing a normal probability plot. 7.1. For a population containing N=902 individuals what code number
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SUBJECT: BUSINESS STATISTICS COURSE CODE: MC-106 LESSON: 01 AUTHOR: SURINDER KUNDU VETTER: DR. B. S. BODLA AN INTRODUCTION TO BUSINESS STATISTICS OBJECTIVE: The aim of the present lesson is to enable the students to understand the meaning‚ definition‚ nature‚ importance and limitations of statistics. “A knowledge of statistics is like a knowledge of foreign language of algebra; it may prove of use at any time under any circumstance”……………………………………...Bowley. STRUCTURE: 1.1 1.2 1.3
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WHAT IS STATISTICS? Statistics is the mathematical science involved in the application of quantitative principles to the collection‚ analysis‚ and presentation of numerical data. The practice of statistics utilizes data from some population in order to describe it meaningfully‚ to draw conclusions from it‚ and make informed decisions. The population may be a community‚ an organization‚ a production line‚ a service counter‚ or a phenomenon such as the weather. Statisticians determine which quantitative
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WEEK FOUR DQ1 Explain the importance of random sampling. What problems/limitations could prevent a truly random sampling and how can they be prevented? Probability sampling‚ also known as random sampling‚ requires that every member of the study population have an equal opportunity to be chosen as a study subject. For each member of the population to have an equal opportunity to be chosen‚ the sampling method must select members randomly. Probability sampling allows every facet of the study population
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EXERCISE 36 Questions to be graded 1. The researchers found a significant difference between the two groups (control and treatment) for change in mobility of the women with osteoarthritis (OA) over 12 weeks with the results of F(1‚ 22) = 9.619‚ p = 0.005. Discuss each aspect of these results. * The F-value suggests that there is a significant difference between the results of the control and treatment groups. The P-value of 0.005 is < the alpha of 0.05. This suggest that the groups are significantly
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Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It is applicable to a wide variety of academic disciplines‚ from the physical and social sciences to the humanities. Statistics are also used for making informed decisions and misused for other reasons in all areas of business and government. Statistical methods can be used to summarize or describe a collection of data; this is called descriptive statistics. In
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Assignment Cover Sheet RESULT STUDENT NAME PROGRAMME MODULE TITLE MODULE TUTOR MODULE CREDITS ASSIGNMENT TITLE HANDOUT DATE 15/11/2012 PENALTIES FOR LATE SUBMISSION Kostas Papanikos Master In Business Administration Managing accounting and Statistics Dr Kounis Leo 15 Assignment SUBMISSION DATE 15/12/2012 CONTRIBUTION TO OVERALL MODULE 50% Up to one week late: Pass maximum grade awarded. Over one week late: Fail grade awarded University of Wales 1 City Unity College YOU MUST TYPE
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In each of the assignments in this course‚ you will be dealing with the following scenario: American Intellectual Union (AIU) has assembled a team of researchers in the United States and around the world to study job satisfaction. Congratulations‚ you have been selected to participate in this massive global undertaking. The study will require that you examine data‚ analyze the results‚ and share the results with groups of other researchers. Job satisfaction is important to companies large and
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IMPORTANCE OF STATISTICS In today’s world we are faced with situations everyday where statistics can be applied. Statistics can be used to determine the potential outcome of thousands of things where the human mind alone wouldn’t be able to. Statistics benefits all of us because we are able to predict the future based on data we have previously gathered. Being able to predict the future not only changes our lifestyle but also helps us be more efficient and effective. Statistics is the science of
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