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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life’s responsibilities. Such responsibilities may include obligations to family‚ friends‚ career‚ and community. A real man is a role model and he respects women.<br><br>Negative media that degrades women does not influence a real man. Real men don’t measure themselves by the success of other men. Real men don’t quit. Real men are mentally strong as well as physically strong. Real men are open-minded; they are not racist‚ sexist‚ or homophobic. Real men respect the opposing viewpoints of others even though
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Scene one and TwoThe major characters and situations are laid out. The plot revolves around the new leader’s treatment of sexual offenses‚ particularly fornication‚ which is considered a sin. The characters also fit into groups depending on their opinions about sexual behavior. Claudio is the middle-of-the-road thinker‚ not involved in prostitution and possessing only noble beliefs about his relationship with Juliet‚ but unable to prevent himself from desiring her sexually and therefore culpable
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Which Dress Do You Like Best? The following memory I will outline may seem an excessively informal anecdote for a paper as such but it reveals truth in the point I will be presenting. When I was a senior in high school and prom season arrived it was a common practice among me and two other friends to go shopping for our dress on Saturdays. The drill consisted of trying on several dresses and asking the two other friends their opinion‚ when we found a dress that all three agreed on (given the price
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Characteristics of Effective Planning Effective planning increases the likelihood of success for a program while ineffective planning practices almost always results in false starts and frustration. When a group is aware of the characteristics of effective planning and monitors the presence of these characteristics‚ formally or informally‚ they will be a step closer to high quality program accountability. Directions: Below is a list of effective planning characteristics. Rate how well your
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Total quality management is a process company’s use to ensure superior quality by focusing on customer satisfaction‚ employee empowerment‚ and strive to keep a competitive advantage by implementing statistical tools and encouraging management to use these tools. The traditional quality management system was seen different from Total Quality Management as we see it today. Company’s felt that quality could not be described accurately except for time and cost. So the emphasis was put on the product
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Agree Nowadays business through internet has become widely use such as online shopping which have been advertise through blog‚ facebook and website. It enables the business to communicate with their customers and sharing information about the products they’re selling. In a way‚ their customer may develop their own opinion‚ neither good nor bad‚ depending on the observations made while they’re communicating. For example‚ how good the services provided and the quality of the products‚ the way the
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resources are scarce. C) resources are infinite D) with good planning‚ trade-offs can be avoided. 2. The best measure of the opportunity cost of any choice is: A) the monetary cost of that choice. B) whatever you have given up to make that choice‚ even if no monetary costs are involved. C) the cost associated with not taking full advantage of the opportunity offered by that choice. D) your hourly wage. 3. A busy professor can’t decide whether to stay in his office to grade papers for another
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1 Statistics plays a vital role in almost every facet of human life. Describe the functions of Statistics.Explain the applications of statistics. Meaning of statistics Functions of statistics Applications of statistics. Ans:Statistics plays an important role in almost every facet of human life. In business context‚ managers are required to justify decisions on the basis of data. They need statistical models to support these decisions. Statistical skills enable managers to collect‚ analyse and
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Look for in Financial Reports and How They Determine Earnings’ Quality Carol M Graham‚ Mark V Cannice‚ Todd L Sayre. Journal of Management Research. New Delhi: Aug 2002. Vol. 2‚ Iss. 2; pg. 63‚ 10 pgs Abstract (Summary) The impact that financial analysts have on the share prices of publicly held companies has come under increasing scrutiny. However‚ despite the role they play in the financial markets‚ surprisingly little is known about the way in which analysts evaluate companies’‚ report financial
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