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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Lowveld (1928) J. H. Pierneef J. H. Pierneef is one of South Africa’s best known artists. Permission for the use of this work was kindly granted by the Schweickerdt family. The tree structure is a recurring theme in various branches of the decision sciences. Preface Everyday life is full of decisions. What should I wear today? What should I eat? Should I buy the red or blue shirt? Should I buy a specific house or buy a piece of land? What is the shortest route from my house to work? .
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Ethics in the Workplace Classical and Contemporary Ethical Philosophies Ethical philosophies served as guide for people in the workplace to make moral decisions in conducting business. There are classical normative ethical philosophies as well as contemporary ethical philosophies being used. They have been applied in the different levels or dimensions of the business organizations. People do know that there are business organizations that have disregarded ethical standards and encounters ethical
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Statistics is the study of the collection‚ organization‚ analysis‚ interpretation‚ and presentation of data.[1][2] It deals with all aspects of this‚ including the planning of data collection in terms of the design of surveys and experiments. In mathematics‚ a graph is a representation of a set of objects where some pairs of the objects are connected by links. The interconnected objects are represented by mathematical abstractions called vertices‚ and the links that connect some pairs of vertices
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Name (Print): Student ID No.: Session Number: _______________________ The following question will appear on your final exam. If you mark the box with either a or ‚ your midterm score will not be used in grade calculation. If the box is left blank‚ midterm score will be counted. EXAM Rules: This is an open-book‚ open-notes exam. Please leave your cell phone in your locker during the final exam on 10/10 (11am-3pm). PART I. MULTIPLE
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Chapter 2 Charts and Graphs Statistics is the science of data. A first step in the study of statistics is the examination of data. Chapters 2 and 3 present several techniques for reducing data so that it is more manageable. In addition‚ graphic displays are essential to understand and interpret complex sets of data in order to be able to make business decisions easier. Chapter 2 discusses and displays several graphical tools including the histogram‚ frequency polygon‚ ogive‚ dot plot‚ bar
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When we think of discrimination in the workplace‚ we think about things like blacks can’t use the water fountain‚ or you can’t get this job because you are a woman because these are events that have happened offend in the history of the United States. These types of discrimination are blatant and stick out to use all as being not only wrong but also unexcitable in our world today. Institutional discrimination is different than blatant discrimination because they are rules that are set out by the
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Dealing with Unconscious Bias in the Workplace Unconscious bias is actually a rather scary concept‚ but it is nonetheless something that nearly everybody is subject to. In simple terms‚ unconscious bias refers to the biases that we have towards others that are not in our conscious control. When we meet people‚ we make instant assessments of them‚ normally based on our own experiences‚ and cultural environment and background. Most of us like to believe that we’re open-minded and objective‚ however
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STUDENT PERFORMANCE DETERMINANTS IN A BUSINESS STATISTICS COURSE AT A LARGE URBAN INSTITUTION CIS 3300 November 30‚ 2012 INTRODUCTION This research paper discusses the effects of several different factors on a student’s success in a Business Statistics course. The different variables include areas related to the student’s academic factors as well as factors related to the student’s personal life. The academic related variables are: course of study‚ study hours per week‚ semester credit
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Diversity in the Workplace MGT31 Diversity is a term used most often to describe the different types of race‚ religion‚ and nationalities but in today’s business world‚ it is used to describe the different individual behaviors of employees. Diversity is about characteristics and demographics that differ from person to person and how they affect human behavior. To understand how diversity affects the work place let us look at four types of diversity--Differences in skill and abilities‚ Values
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