Administration- MBA Semester 1 MB0040 - Statistics for Management Q1. A Explain the characteristics of statistics? B. What are the components of statistics? Give a brief description of each of its component’s? Answer: (A) Some of its important characteristics are given below: * Statistics are aggregates of facts. * Statistics are numerically expressed. * Statistics are affected to a marked extent by multiplicity of causes. * Statistics are enumerated or estimated according to
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National Income Statistics and Standard of Living The national income statistics show that the USA has the highest standard of living; this can be proved by looking at the gross national income of The United States‚ which is $12‚969.6 million‚ and the gross national income per capita which is $43‚740. This figure is over 125 times the income per capita of Tanzania which is $340. This also suggests that the standard of living in Tanzania is very poor. The UK calculated a gross national income
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Drinking and Driving Drinking and Driving Statistic. Driving while under the influence of alcohol is always a bad idea. Driving while under the influence of alcohol is not only a danger to yourself‚ but also to those around you. Drinking and driving is a mistake for three main reasons‚ alcohol can affect your driving capabilities‚ alcohol can impair your ability to make decisions‚ and the many dangers if anything happens while you are driving under the influence. Drinking and driving is never
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Inferential Statistics and Findings QNT/561 2 April 2015 Inferential Statistics The research question at hand is as follows: Is there a difference in the coffee consumption rate of Americans based on gender? The first Hypothesis statement is; there is a difference in the coffee consumption rate of Americans based on gender. The second Hypothesis statement is; there is not a difference in the coffee consumption rate of Americans based on gender. The team will use the Confidence Interval
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Statistic Report for UNITE AUTOMOBILE ENTERPRISE Lecturer:- Dr Haslindar Ibrahim Prepared by:- Zalifah Che Embee (DL1010195) Habibah Kadir (DL1013072) Zahari Sehak (DL1016065) Mohd Aswad Abd Karim (DL1018773) Shahrul Asmadi Shahmarudin(DL1010501) Introduction Unite Automobile Enterprise was established in January 2009. The company is involved in selling various types of domestic and import cars. Unite Automobile Enterprise sales have been particularly slow this past year. Unite
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What is Bootstrapping (In Statistics)? Bootstrapping is an interesting process or technique of assigning measure of accuracy. Depended upon calculation‚ Bootstrapping can be used to any statistic to measure estimation. Definition According to the Cambridge dictionary of statistics – “A confidence interval is a range of values‚ calculated from the sample observations that are believed‚ with a particular probability‚ to contain the true parameter value. A 95% confidence interval‚ for example‚ implies
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JUVENILE CRIME STATISTICS PAPER Juvenile Crime Statistics Paper CJA/374 September 19‚ 2012 The information in this article gives statistics of juvenile crime in America ranging from the late 1980’s to 2008. Its purpose is to take the information provided in these studies over the past 20 years or so to guide efforts and address the disparities among the youth to combat and prevent juvenile delinquency to better the lives of our children and for the future of our nation
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Question Bank for QT -1 –POQ 511 Topic : A) Descriptive Statistics : A1. A bank recorded the age at which an individual first opened a Savings Bank Account and were as follows: 42 44 52 32 23 25 34 33 37 18 19 18 14 16 18 18 23 21 18 23 24 24 26 28 32 43 33 34 19 23 22 21 18 19 18 22 25 24 54 20 21 17 22 24 25 22 23 5 8 29 18 16 17 15 19 21 32 33 34 35 36 37 23 24 25 21 22 33 33 43 27 28 29 30 31 33 17 25 23
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Extra Exercise: Estimation and Hypothesis Testing 1. The length (in millimetres) of a batch of 9 screws was selected at random from a large consignment and found to have the following information. 8.02 8.00 8.01 8.01 7.99 8.00 7.99 8.03 8.01 Construct a 95% confidence interval to estimate the true average length of the screws for the whole consignment. From a second large consignment‚ another 16 screws are selected at random and their mean and standard deviation found to be
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CHAPTER 1 Individuals are the objects described by a set of data. Individuals may be people‚ but they may also be animals or things. A variable is any change of an individual. A variable can take different values for different individuals. A categorical variable places an individual into one of several groups or categories. A quantitative variable takes numerical values for which arithmetic operations such as adding and averaging make sense. The distribution of a variable tells us what values
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