Running head: Misuses Statistics 1 Misuses Statistics Regena Kelley MAT126: Survey of Mathematical Methods Instructor: Zhimin Huang January 21‚ 2013 Misuses Statistics 2 Misuses Statistics Statistics and survey are misused and not accurate because of many factors. The types of these statistics are found suspect samples‚ asking Biased questions and misleading graphs. There are businesses that use these statistics with questions to convice people to accept
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Exercises 1. Synergy Valuation a. Cost and revenue synergies Managers of an acquiring company anticipate cost savings pretax of $50 million in the first year of the deal and $100 million the next and that thereafter the savings would grow @ inflation‚ 2%. Marginal tax rate is 30%. The firm must invest $1 billion to achieve these savings and starting in the third year must spend 5% of the pre-tax savings to sustain the rate of savings. As part of rationalization of operations‚ some assets will be
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Michael Jordan is a very famous personality and almost everybody knows him. Jordan goes beyond the basketball world because some people know him even without knowing a thing about basketball. Michael Jordan has a variety of products in market that many people like because of their texture‚ style‚ authenticity and models and because it is Michael Jordan. People sometimes also recognize the logo of the brand and people would be willing to pay a high quantity of money to get Michael Jordan’s products
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While Statistics can also be misused in many ways such as using not representative samples‚ small sample size‚ ambiguous averages and dispersions‚ detached facts‚ implied connections‚ wrong and misleading graphs‚ wrong use of statistical techniques‚ serious violation of assumption behind the statistical techniques and faculty surveys‚ we should also realize that Statistical literacy is not a skill that is widely accepted as necessary in education. Therefore a lot of misuse of statistics
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Business Administration- MBA Semester 1 MB0040 – Statistics for Management Assignment Set - 1 Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics: Statistics as a discipline is considered indispensable in almost all spheres of human knowledge. There is hardly any branch of study which does not use statistics. Scientific‚ social and economic studies use statistics in one form or another. These disciplines make-use
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In the article entitled Cool at 13‚ Drift at 23‚ Jan Hoffman speaks about how at 13 years old these kids were cool‚ but when they were in high school their social status often plummeted. First‚ Hoffman discusses that the kids didn’t turn out okay. In high school they began struggling in many ways. It was their early rush into pseudomature behavior that set them up for trouble. The writer talks about how in their 20’s‚ many of them have had troubles with intimate relationships‚ alcohol‚ marijuana
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Introduction Statistics is a set of tools used to organize and analyze data. Data must either be numeric in origin or transformed by researchers into numbers. For instance‚ statistics could be used to analyze percentage scores English students receive on a grammar test: the percentage scores ranging from 0 to 100 are already in numeric form. Statistics could also be used to analyze grades on an essay by assigning numeric values to the letter grades‚ e.g.‚ A=4‚ B=3‚ C=2‚ D=1‚ and F=0. Employing
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but to research the context in which it was being used and to whom was saying it. Break down the words in the languages that were spoken in the time frame in which it was being expressed. Then after we do those things we can apply it our lives. Psalms 23 is a perfect example of how we need to break down our passages and find out who’s the writer‚ what it means‚ and how we today can apply it.
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better decisions when they use all available information in an effective and meaningful way. The primary role of statistics is to to provide decision makers with methods for obtaining and analyzing information to help make these decisions. Statistics is used to answer long-range planning questions‚ such as when and where to locate facilities to handle future sales. 2 Definition s Statistics is defined as the science of collecting‚ organizing‚ presenting‚ analyzing and interpreting numerical data
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TASK SHC 23 1.1 Explain what is meant by Diversity-Everyone is individual and different‚ valuing differences. Equality- Opportunities to develop and learn while their physical and emotional safety and well being are being protected. Children are given access to same opportunities Inclusion- is a process of identifying and breaking down barriers to participation and belonging. Discrimination- when people are judged about their culture‚ gender‚race‚lifestyle‚age.
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