MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks) Q1. Define “Statistics”. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Answer: Statistics is usually and loosely defined as: 1. A collection of numerical data that measure something. 2. The science of recording‚ organizing‚ analyzing and reporting quantitative information. Professor A.L. Bowley gave several definitions of Statistics. He defined
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I. INTRODUCTION A. Statement of the problem What are the common problems encountered by different small business enterprises? B. Importance of the study By determining the common problems or difficult situations encountered by different small business enterprises‚ we can also determine the possible solutions or alternative in solving such business problem and to find or create actions to prevent in copping which such difficulties. Also we can take necessary actions for the problem will
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Department of Management Faculty of Management and Human Resource Development SUBJECT: SHD 1713: STATISTIC 1 LECTURER: DR‚ LOW HOCK HENG PREPARED BY: NOOR AZNEE BINTI JUNAIDI ZULFADLY BIN SAIFUL MOHD RASYDUDDIN BIN MAT NAWI MOHD HAZRUL AZEWAN MOHD ASRI BIN MOHD ARIFIN MOHD FAKERRYIKMAL BIN KAMALUDIN 820423-12-5184 870314-56-5549 830503-03-5829 810406-01-5451 750203-08-5159 890417-59-5265 SX110698HDS04 SX110718HDS04 SX110686HDS04 SX105341HDD04 SX112315HDF04 SX112317HDF04 1. A researcher
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Edayan QNT/351 May 3‚ 2013 Rich Haller Statistics in Business Statistics is a way of gathering‚ analyzing‚ interpreting and presenting data so that it becomes more meaningful. It helps convert raw data into useful information. Statistics is therefore a collection of information. Statistics can be presented in graphical form to make it more appealing and easily understandable by the users. Statistics can be descriptive or inferential. Descriptive statistics have to do with methods in a data set that
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Princess Faye N. Balatero Grade 8-Br. Edmund Hubert FSC Introduction: Statistics are used everywhere; we see statistics in use every day; statistics is used to answer important and practical questions. Statistics are useful in almost all disciplines. They are used in statistical analysis of results of an experiment‚ prediction of future values‚ growth and trend analysis‚ systematic presentation of data in the form of tables‚ diagrams and
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Millar Biology statistics made simple using Excel Biology statistics made simple using Excel Neil Millar Spreadsheet programs such as Microsoft Excel can transform the use of statistics in A-level science Statistics is an area that most A-level biology students (and their teachers!) find difficult. The formulae are often complicated‚ the calculations tedious‚ degrees of freedom mysterious‚ and probability tables confusing. But in fact students need no longer grapple with any of these.
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Kamlesh‚ Mathur‚ Daniel Solow. Management Science - The Art of Decision Making. Prentice Hall‚ 1994. 4 Jon Curwin and Roger Slater. Quantitative Methods for Business Decisions. Thomson‚ fifth edition‚ 2002. 5 Steyn‚ Smit‚ Du Toit‚ Strasheim. Modern Statistics in Practice. Van Schaik Publishers‚ 1994. 295
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Lecture 1. Descriptive statistics includes statistical procedures that we use to describe the population we are studying. The data could be collected from either a sample or a population‚ but the results help us organize and describe data. Descriptive statistics can only be used to describe the group that is being studying. That is‚ the results cannot be generalized to any larger group. Inferential statistics is concerned with making predictions or inferences about a population from observations
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Statistics is the study of the collection‚ organization‚ analysis‚ interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. Descriptive statistics is the discipline of quantitatively describing the main features of a collection of information‚ or the quantitative description itself. Descriptive statistics are distinguished from inferential statistics (or inductive statistics)‚ in that
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vital statistics of populations studied probability through games of chance‚ gambling | 18th Century | Laplace‚ Gauss | normal curve‚ regression through study of astronomy | 19th Century | Quetelet Galton | astronomer who first applied statistical analyses to human biologystudied genetic variation in humans(used regression and correlation) | 20th Century (early) | PearsonGossett (Student) Fisher | studied natural selection using correlation‚ formed first academic department of statistics‚ Biometrika
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