ECMT1010 BUSINESS AND ECONOMIC STATISTICS A ASSIGNMENT Semester 1‚ 2011 This assignment is worth 10% of your total mark. It must be handed in by 4:30pm on Friday‚ 3 June in the marked drop-off boxes in the Merewether building (Level 2‚ reception area). Late assignments will not be accepted and will result in a zero mark. The assignment must be done individually and plagiarism will result in severe penalty and possibly a zero mark. The assignment will be marked out of 50. Marks
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Name Instructor Course Date Case Study In the case study provided‚ Westport Electric Company seems to be having serious budgetary problems. The selection‚ planning and implementation of various projects seem to be faulty. In this particular case‚ King who is the supervisor of the administrative staff budget staff section has raised a red alarm with regard to two recent budget approvals (Kieso 161). Background Information: Origin and Magnitude of the Problem The operating activities of Westport Electric
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is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there was slight increase in business fixed investment sector
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The Consumer Behavior of the Filipino Middle Class Youth As Taken From De La Salle University Students “A Market Study on Brand and Product Preferences of the Youth” In partial fulfilment of the requirements in Economic Statistics 4/16/2009 Submitted to: Dr. Cesar Rufino Samuel John Daniel B. Paculan I. BACKGROUND AND IMPORTANCE OF THE STUDY This study was done to determine the preferences of the youth toward local and imported brands‚ so as to find out the marketability of local brands
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Statistics In Business Quantitative Analysis for Business September 22‚ 2013 Dr. John Kwagyan Introduction Statistics is a tool used in businesses for planning and measuring the various activities a business is engaged in. Descriptive and inferential statistics are two different types of statistics used in a business. Statistics is the most widely used quantitative method in business. Statistics describes a set of data and then it draws a conclusion from the data
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Statistics in Business QNT/351 William Modey Quantitative Analysis for Business Salonyia Fisher Summary Statistics is accurately defined as the study of the analysis‚ data collection‚ and organization of the data which is interpreted by a particular business field. Statistics main focus is usually dealing with the preparation procedure of the data collection in the course of developing surveys and creating experiments. When an organization uses statistics‚ it needs to be taken into consideration
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1. “What is the life expectancy for Caucasian males that have survived 54 years?” The answer will almost certainly be larger than 72. I want an estimate “conditioned on” the fact that I have already lived 54 years. Life is dynamic. Things are constantly changing. However‚ too often decisions are based on static information. Bayes theorem takes advantage of dynamic information to give a better‚ more correct answer. Bayes Theorem is a mathematical representation that helps one to calculate conditional
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Case Problem 1: National Health Care Association(Descriptive Statistics) The National Health Care Association is concerned about the shortage of nurses the health care profession is projecting for the future. To learn the current degree of job satisfaction among nurses‚ the association has sponsored a study of hospital nurses throughout the country. As part of this study‚ a sample of 50 nurses was asked to indicate their degree of satisfaction in their work‚ their pay and their opportunities for
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Statistics in Business Quantitative Analysis for Business University of Phoenix Tanya Bailey April 22‚ 2013 Statistics can sometimes be difficult for some individuals. Understanding the concept of statistics‚ which is known as the science of data‚ may help a person in the business world. This involves classifying‚ summarizing‚ analyzing‚ collecting‚ and interpreting numerical information. The information gathered from statistics can help startup companies‚ and even
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1. As the degrees of freedom increase‚ the t distribution approaches the b. normal distribution 2. If the margin of error in an interval estimate of μ is 4.6‚ the interval estimate equals b. [pic] 3. The t distribution is a family of similar probability distributions‚ with each individual distribution depending on a parameter known as the c. degrees of freedom 4. The probability that the interval estimation procedure will generate an interval that does
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