1995-96 line. “Reactive” Production 2 Speculative Production: Overstock versus Stockout? Assume that Sport Obermeyer: is in the Speculative Production phase‚ forecasts that demand (D) for the Andy parka has a Normal Probability Distribution with a mean of 1000 and a standard deviation of 250‚ and has decided that the Andy parka’s Speculative Production should be Q=750. Pr{Stockout}=Pr{D>Q} =0.841 Pr{Overstock}=Pr{D<Q} =0.159 750 Q During the Speculative Production‚ Sport Obermeyer should be more
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Definitions of Statistics Types of Data and Data Sources Types of Statistics Scope of Statistics Importance of Statistics in Business Limitations of statistics Summary Self-Test Questions Suggested Readings 1.1 INTRODUCTION For a layman‚ ‘Statistics’ means numerical information expressed in quantitative terms. This information may relate to objects‚ subjects‚ activities‚ phenomena‚ or regions of space. As a matter of fact‚ data have no limits as to their reference‚ coverage‚ and scope. At the macro level
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A and part B. -"Discuss imperialism" means "explain how and why" (I spent a page discussing in and got it sent back--the first time they said "not enough info" and so I added even more‚ then they sent it back again and finally told me they wanted "how and why"). -"Diffusion" doesn’t mean spreading out‚ it means "influence on" so "discuss the diffusion between your society and another" doesn’t mean compare how the two different societies expanded‚ it means explain how your society had influence
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Journal of Financial Economics 14 (1985) 3-31. USING North-Holland DAILY STOCK RETURNS The Case of Event Studies* Stephen J. BROWN Yale Universiry. New Haven‚ CT 06520‚ USA Jerold B. WARNER Universrty of Rochester‚ Rochester‚ NY 1462 7‚ USA Received November 1983‚ fmal version received August 1984 This paper examines properties of daily stock returns and how the particular characteristics of these data affect event study methodologies. Daily data generally present few difficulties for
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The doctrine of the mean states that for someone to be a good person they must occupy the “golden mean‚” meaning a person may become virtuous by acting between the extremes of excess and deficiency. For example during war‚ the two extremes would be for a soldier to be rash or cowardly‚ but being courageous is the accepted golden mean. According to Aristotle‚ virtue lies in between the two extremes‚ which are the vices‚ and thus a virtuous person is one who can find the mean that is relative to
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1.2 - Below we list several variables. Which of these variables are quantitative and which are qualitative? Quantitative means that the measurement of the value gives an actual quantity that can mean “how much”‚ or “how many”. Whereas qualitative means we are simply recording into which of the categories the element falls. (Bowerman‚ O’Connell‚ Murphree‚ Orris‚ J. B. (2012). Essentials of Business Statistics 4th ed.). A. The dollar amount on an accounts receivable invoice. This would
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data. * To use the mean‚ median and mode to describe how data “bunch up” * To use the range‚ variance and standard deviation to describe how data “spread out”. MEASURES OF CENTRL TENDENCY Measures of central tendency include three important tools – mean (average)‚ median and mode. Mean The arithmetic mean is the most common measure of central tendency. For a data set‚ the mean is the sum of the observations divided by the number of observations. Basically‚ the mean describes the central
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Pakistan Journal of Meteorology Vol. 9‚ Issue 17: Jul 2012 Rainfall Trends in Different Climate Zones of Pakistan Salma‚ S.1‚ S. Rehman1‚ M. A. Shah2 Abstract In this paper‚ the study was conducted across the country to assess the rainfall trend in different climate zones of Pakistan over the past three decades. For this purpose dataset comprising 30 years for the period 1976 to 2005 were acquired from 30 meteorological observatories from different parts of the country. The whole data was
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Food and Chemical Toxicology 45 (2007) 2097–2108 www.elsevier.com/locate/foodchemtox Review European consumer exposure to cosmetic products‚ a framework for conducting population exposure assessments B. Hall a‚*‚ S. Tozer b‚ B. Safford c‚ M. Coroama d‚ W. Steiling e‚ M.C. Leneveu-Duchemin f‚ C. McNamara g‚ M. Gibney h b a ` ´ L’Oreal‚ Worldwide Safety Evaluation‚ River Plaza 25-29 quai Aulagnier‚ 92600 Asnieres-sur-Seine‚ France Procter & Gamble‚ Central Product Safety‚ P&G Technical Centres
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Answers Master of Business 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
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