and leaf charts, or box and whisker plots Interpreting data can begin by determining measures of central tendency, outliers, symmetry, and range of a data set. Generally we call such measures “the shape of the data”, and determining these measures gives people a good sense for the overall meaning of the...
stud e.g. statistics of births, statistics of prices, statistics of road accidents etc. Secondly it is used in singular sense which refers to the methods and procedures used in the collection, analysis, interpretation of data and presently the data in various forms such as tables, graphs, charts, diagrams...
Q4. What do you mean by cost of living index? Discuss the methods of 10 marks (350-400 words) construction of cost of living index with an example for each. Q5. Define trend. Enumerate the methods of determining trend in time series 10 marks (350-400 words) Q6. The following data represent...
data. Two methods used for collecting data are census method and sampling method. The investigator has to take care while selecting an appropriate collection method. In the census method, every unit or object of the population is included in the investigation. For example, in the census method, if we want...
Interpreting data can begin by determining measures of central tendency, outliers, symmetry, and range of a data set. Generally we call such measures “the shape of the data”, and determining these measures gives people a good sense for the overall meaning of the data. Many times students experience the first...
required degree of accuracy. 5. Statistics are collected in a systematic manner The facts should be collected according to planned and scientific methods otherwise, they are likely to be wrong and misleading. 6. Statistics are collected for a pre-determined purpose There must be a definite purpose...
to decide how to answer an essay question, you need to identify what the question requires in terms of content and genre. This guide outlines some methods to help you analyse essay questions. Analysing a Question Assignment questions can be broken down into parts so that you can better understand...
√49 = 7 σy = √9 = 3 Therefore r = 17.5/ (7*3) = 0.833 Hence, there is a high negative correlation. (b) Enumerate the factors which should be kept in mind for proper planning. The factors for proper planning is as follows, Step 1: Nature of the problem to be...
production output by varying the time, workforce or outsourcing. What are the basic capacity options a company can chose to meet demand? Q. No 6 Write short notes on: Relevance of Value Engineering in manufacturing Vendor Managed inventory Rating methods for locating a plant Importance...
production output by varying the time, workforce or outsourcing. What are the basic capacity options a company can chose to meet demand? Q. No 6 Write short notes on: Relevance of Value Engineering in manufacturing Vendor Managed inventory Rating methods for locating a plant Importance...
production output by varying the time, workforce or outsourcing. What are the basic capacity options a company can chose to meet demand? Q. No 6 Write short notes on: Relevance of Value Engineering in manufacturing Vendor Managed inventory Rating methods for locating a plant Importance...
which forecasting model shows the lowest mean square error and to find the possible projected sales of SMC for the previous year using the three methods: Trend Projection, Moving Average, and Exponential Smoothing. Lastly, the objective is to decide on which computed forecasted sales is most accurate to...
large. Importance to People- Every person responds to marketing every time he or she buys a product. The mere fact that a given product meets this person’s need is effectively promoted, and is available at a convenient time and place attests to the effectiveness of the marketing system. The field...
Unit-1 Analysis of Time Series ➢ Introduction: One of the most important tasks before economists and businessmen these days is to make estimates for the future. For example, a businessman is interested in finding out his likely sales in the year 2008 or as a...
Question 1 1. Define 4 process of product development? I. Idea generation The first step in new-product development is idea generation. New ideas can be generated by: o Conducting marketing research to find out the consumers' needs and wants. o Inviting suggestions from consumers. o Inviting...
4. Examine methods for forecasting demand of a new product and estimating profitability. R/ The different forecasting methods can be divided in two categories. 1. Qualitative methods: these types of methods are usually based on the opinion of people, some of these methods are: * Executive...
purpose of determination of vision & mission is to clarify the vision for the business. This stage consists of identifying three key facets: First, define both short- and long-term objectives. Second, identify the process of how to accomplish your objective. Finally, customize the process for staff gives...
view productivity means the yields from: Each factor of production (LLCO) Each input (raw materials, fuel, time, and technology) And overall yield of joint factors and resources enumerate above. From the management perspective, productivity in its broadest sense is the quantitative relationship...
INTRODUCTION TO ACCOUNTING Define accounting The Accounting Standards Council defines accounting as follows: Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, abut economic entities, that is intended to be useful in making economic...
characteristics of populations being studied. Characteristics of the epidemiologic approach Describe the health status of populations. enumerate cases, obtain frequency, discover trends. Explain etiology of disease to discover causal factors as well as to determine modes of transmission. Predict occurrence of...