Course: Applied Statistics 3.00 Credit Hours‚ fall 2014‚ ADP (Accounting and finance) Instructor: Sonia Iqbal Email: Sonia.iqbal@uogsialkot.edu.pk INTRODUCTION 1.1 Meaning of Statistics:- Statistics is a subject consisting of rules‚ methods and techniques of collecting data and presenting large amount of numerical information. It is also used to draw inference about the population on the basis of sample For example‚ to check the performance of a student is being studied. Data will be collected
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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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Define Statistics Statistics is the practice of gathering‚ sorting‚ and categorizing numerical information in an organized format that can be used to acquire results to specific problems. According to McClave‚ Benson‚ and Sincich (2011)‚ “Statistics is the science of data. It involves collecting‚ classifying‚ summarizing‚ organizing‚ analyzing‚ and interpreting numerical information” (p. 3). Different Types and Levels of Statistics There are two types of statistics. One is descriptive which defines
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MAY SEMESTER 2014 BUSINESS COMMUNICATION ASSIGNMENT 1 PREPARED BY: NORAZMILAWANI BINTI SHAM MATRIX NO: IOC000098 PART A Description the background of the selected organization for the Marketing position. This is description of Nestle Malaysia Bhd. background: February 2‚ 2014 Nestlé (Malaysia) Berhad (110925-W) 22-1‚ 22nd Floor‚ Menara Surian No. 1‚ Jalan PJU 7/3‚ Mutiara Damansara 47810 Petaling Jaya Selangor‚ Malaysia. Norazmilawani Binti
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Statistics in Business Statistics is a mathematical science pertaining to the collection‚ analysis‚ interpretation or explanation‚ and presentation of data. It also provides tools for prediction and forecasting based on data. It is applicable to a wide variety of academic disciplines‚ from the natural and social sciences to the humanities‚ government and business ("Statanalysis Consulting"‚ 2013). Statistics is used in decision making that affects our everyday lives. The study of statistics
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Introduction Learning goals ❖ What is meant by Statistics ❖ What is meant by Descriptive Statistics and Inferential Statistics ❖ Difference between Parameter & Statistic ❖ Types of Statistical Inferences What is meant by Statistics ? Statistics is the science of collecting‚ organizing‚ presenting‚ analyzing‚ and interpreting numerical data to assist in making more effective decisions. Types of Statistics Descriptive Statistics : • Methods of organizing‚ summarizing‚ and presenting
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Data Analysis: Analyzing Data - Inferential Statistics Inferential statistics deal with drawing conclusions and‚ in some cases‚ making predictions about the properties of a population based on information obtained from a sample. While descriptive statistics provide information about the central tendency‚ dispersion‚ skew‚ and kurtosis of data‚ inferential statistics allow making broader statements about the relationships between data. Inferential statistics are frequently used to answer cause-and-effect
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ASSIGNMENT SUBMISSION FORM Course Name: SMMD Assignment Title: Assignment 1 (HousePrices.jmp) Submitted by: Garima Agrawal (Section D) (Student name or group name) Group Member Name | PG ID | Garima Agrawal | 61410506 | Question1: The data for home values has a considerable wide range (429578) as compared to the inter-quartile range (93522). This means the data has a huge spread and the same can be verified from coefficient of variation which is even more than 41%. Besides
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QUESTION 3 (20 MARKS) a. A psychological test identifies people as being one of eight types. For instance‚ Type 1 is “Rationalist” and applies to 15% of men 8 % of women. Type 2 is “Teacher” and applies to 12% of men and 14% of women. Each person fits one and only one type. (i) Suppose college roommates have a particularly hard time getting along with each other if they are both ‘ Rationalist’. A college randomly assigns roommates of the same gender. Assuming that half of college roomate pairs
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1. A radio station that plays classical music has a “By Request” program each Saturday night. The percentage of requests for composers on a particular night are listed below: Composers Percentage of Requests Bach 5 Beethoven 26 Brahms 9 Dvorak 2 Mendelssohn 3 Mozart 21 Schubert 12 Schumann 7 Tchaikovsky 14 Wagner 1 a. Does the data listed above comprise a valid probability distribution? Explain.
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