Statistical Description of Data The word ‘Statistics’ has been derived from the Latin word ‘Status’ which means a political state. It has also it’s either to the Italian word ‘Statista’ or the German word ‘Statistik’ each one of which means a political state. Statistics is defined as “the collection‚ presentation‚ analysis and interpretation of numerical data”. In olden days‚ the data that was collected and maintained for the welfare of the people belonging to the state. We are thankful
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life. Though my career progression in the banking system including joining the RBI was not as a statistician‚ I must confess that the analytical ability and articulation skill based on sound knowledge of statistics‚ which I developed during my academic career both as a student and teacher of Statistics at BHU‚ greatly
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Association [ASA]‚ 2008). Statistics is a division of mathematics that centers on the collection and evaluation of data‚ which can be drawn upon to make conclusions (Aron‚ Aron‚ & Coups‚ 2006‚ 2). Two branches of statistics exist‚ including descriptive and inferential domains. Extrapolation beyond the data is where the real difference emerges. Indeed‚ these two subcategories vary in function and definition. However‚ a relationship exists between descriptive and inferential statistics‚ irrespective of the
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QUESTION 1 The managing partner for Westwood One Investment Managers Inc. gave a public seminar in which she discussed a number of issues‚ including investment risk analysis. In that seminar‚ she reminded people that the coefficient of variation can often be used as a measure of risk of an investment. To demonstrate her point of view‚ she used two hypothetical stocks as examples. She let x equal the change in assets for a $1‚000.00 investment in stock1 and y reflect the change in assets for a
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Employment Law 1 Employment Law Employment Law 2 Employment Law Explain the constitutional basis for the Fair Work Act 2009 (Cth) with reference to the Australian Constitution and discuss the relationship with Australian common law‚ with reference to the National Employment Standards. The Fair Work Act‚ 2009 is a labour welfare legislation aimed at improving the relations between employees and employers so that productive workplace relations can be formulated which would further help in
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Statistics In Business Quantitative Analysis for Business September 22‚ 2013 Dr. John Kwagyan Introduction Statistics is a tool used in businesses for planning and measuring the various activities a business is engaged in. Descriptive and inferential statistics are two different types of statistics used in a business. Statistics is the most widely used quantitative method in business. Statistics describes a set of data and then it draws a conclusion from the data
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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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Introduction Growing up in Kenya‚ that has the joint fourth largest HIV epidemic in the world‚ I had the opportunity to volunteer for an organization called ‘Care for Kenya’ that works in the largest urban slum in Africa. I conversed with women that discussed their challenges living in the slum; HIV was frequently mentioned as a growing issue. I became interested to learn more about the dynamics of how the virus is spread‚ specifically for Kenya. I came across the SIR model when researching the spread
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Statistics is the study of the collection‚ organization‚ analysis‚ interpretation‚ and presentation of data. It deals with all aspects of this‚ including the planning of data collection in terms of the design of surveys and experiments. The word statistics‚ when referring to the scientific discipline‚ is singular‚ as in "Statistics is an art. "This should not be confused with the word statistic‚ referring to a quantity (such as mean or median) calculated from a set of data‚ whose plural is statistics ("this
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Employment-At-Will Doctrine Texas is an “employment-at-will” state. Generally‚ employees without a written employment contract can be fired for good cause‚ bad cause‚ or no cause at all. In an at-will situation‚ either the employer or employee may terminate the employment relationship at any time‚ with or without warning‚ and with or without cause‚ unless there is an existing agreement with express terms and conditions covering its termination.1 Of course‚ the employment-at-will doctrine is not without
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