Statistics Essays & Research Papers

Best Statistics Essays

  • Statistics - 927 Words
    STAT 600 Statistics and Quantitative Analysis PROJECT: Stock return estimation The project must be done by 6-15 a.m. October, 16th. You should submit your projects before the class begins. This is a group project. Read the course outline for general guidelines. Good luck! The project is closely related to Lectures 1-5 of the class. Today is September 15, 2013 and you have just started your new job with a financial planning firm. In addition to studying for all your license exams, you...
    927 Words | 3 Pages
  • Statistics - 538 Words
    Confidence Intervals and Hypothesis Testing Name: Math 256, Nelson 1. A soft-drink machine is regulated so that the amount of drink dispensed is approximately normally distributed with a standard deviation equal to 1.5 deciliters. Find a 95% confidence interval for the mean of all drinks dispensed by this machine if a random sample of 36 drinks had an average content of 2.25 dl. 2. The heights of a random sample of 50 college students showed a mean of 174.5 centimeters. Assume...
    538 Words | 2 Pages
  • Statistics - 615 Words
    GM 03 Business Statistics Assignment II Assignment Code: 2012 GM03 B2 Last Date of Submission: 15th November 2012 Maximum Marks: 100 Attempt all the questions. All questions are compulsory and carry equal marks. SECTION – A 1. a) Explain the need for different forecasting techniques. How can we evaluate as to how good is our forecast. b) Collect data on the amount of expenditure you do each day for the next 25 days and...
    615 Words | 3 Pages
  • Statistic - 583 Words
    1. Introduction This report is about the case study of PAR, INC. From the following book: Statistics for Business an Economics, 8th edition by D.R. Anderson, D.J. Sweeney and Th.A. Williams, publisher: Dave Shaut. The case is described at page 416, chapter 10. 2. Problem statement Par, Inc. has produced a new type of golf ball. The company wants to know if this new type of golf ball is comparable to the old ones. Therefore they did a test, which consists out of 40 trials with the...
    583 Words | 7 Pages
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  • Statistics - 4137 Words
    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...
    4,137 Words | 17 Pages
  • Statistics - 1540 Words
    1. A radio station that plays classical music has a “By Request” program each Saturday night. The percentage of requests for composers on a particular night are listed below: Composers Percentage of Requests Bach 5 Beethoven 26 Brahms 9 Dvorak 2 Mendelssohn 3 Mozart 21 Schubert 12 Schumann 7 Tchaikovsky 14 Wagner 1 a. Does the data listed above comprise a valid probability distribution? Explain....
    1,540 Words | 7 Pages
  • Statistics - 599 Words
    Statistics is the study of the collection, organization, analysis, interpretation and presentation of data. It deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. Descriptive statistics is the discipline of quantitatively describing the main features of a collection of information, or the quantitative description itself. Descriptive statistics are distinguished from inferential statistics (or inductive statistics), in...
    599 Words | 2 Pages
  • Statistics - 2907 Words
     Contents Question 1 3 Question 2a 5 Question 2b 6 Question 2c 7 Question 3a 8 Question 3b 8 Question 3c 10 Question 3d 11 Question 4 12 Question 5 14 References 15 Question 1 The sampling method that Mr. Kwok is using is Stratified Random Sampling Method. In this case study, Mr Kwok collected a random sample of 1000 flights and proportions of three routes in the sample. He divides them into different...
    2,907 Words | 13 Pages
  • Statistics - 346 Words
    Research Summary Pua Edayan QNT/351 May 3, 2013 Rich Haller Statistics in Business Statistics is a way of gathering, analyzing, interpreting and presenting data so that it becomes more meaningful. It helps convert raw data into useful information. Statistics is therefore a collection of information. Statistics can be presented in graphical form to make it more appealing and easily understandable by the users. Statistics can be descriptive or inferential. Descriptive statistics have to...
    346 Words | 2 Pages
  • Statistics - 1192 Words
    INTRODUCTION A. Importance of Statistics Statistical methods have been applied to problems ranging from business to medicine to agriculture. A review of the professional literature in almost any field will substantiate the extent of statistical analysis. Accounting: Public accounting firms use statistical sampling procedures when conducting audits for their clients. Economics: Economists use statistical information in making forecasts about the future of the economy or some aspect...
    1,192 Words | 5 Pages
  • Statistics - 3689 Words
    Time | Contributor | Contribution | Ancient Greece | Philosophers | Ideas - no quantitative analyses | 17th Century | Graunt,Petty Pascal, Bernoulli | studied affairs of state, vital statistics of populations studied probability through games of chance, gambling | 18th Century | Laplace, Gauss | normal curve, regression through study of astronomy | 19th Century | Quetelet Galton | astronomer who first applied statistical analyses to human biologystudied genetic variation in humans(used...
    3,689 Words | 11 Pages
  • Statistics - 1252 Words
    | Statistics 101 Report | The Kentucky Milk Case Study | | | | Preliminary Analysis 2a) Figure 1: X as a Data Object X is a data frame as derived from the program R shown above in Figure 1. There are 274 observations of 11 variables. The number of observations is obtained from the number of rows while the number of variables is obtained from the number of columns. 2b) Figure 2: Creating a sub-data frame from X Figure 3:Sub-data frame from X Figure 2 shows a...
    1,252 Words | 5 Pages
  • Statistic - 800 Words
    9.18 a) Using forward stepwise regression to find the best subset of predictor variables to predict job proficiency. The Alpha-to-Enter significance level was set at 0.05 and the Alpha-to-Leave significance level was set at 0.10. The first predictor entered into the stepwise model is X3. SAS tells us that the estimated intercept is -106.13 and the estimated slope for X3 is 1.968. The R2-value is 0.8047, mean square error is 76.87. The second predictor entered into the stepwise model is X1....
    800 Words | 3 Pages
  • Statistics - 54258 Words
    STATISTICS HIGHER SECONDARY – FIRST YEAR Untouchability is a sin Untouchability is a crime Untouchability is inhuman TAMILNADU TEXTBOOK CORPORATION College Road , Chennai- 600 006 i ©Government of Tamilnadu First Edition – 2004 Reprinit - 2005 Chairperson Dr. J. Jothikumar Reader in Statistics Presidency College Chennai – 600 005. Thiru K.Nagabushanam S.G.Lecturer in Statistics Presidency College Chennai – 600 005. Reviewers Thiru R.Ravanan S.G.Lecturer in Statistics...
    54,258 Words | 170 Pages
  • Statistics - 1634 Words
    Lecture Notes on Introductory Statistics, I (P.P. Leung) Lecture notes are based on the following textbook: N.A. Weiss (2012), Introductory Statistics, 9th edition, Pearson. Chapter 1 The Nature of Statistics 統計本質 §1.1 Two kinds of Statistics §1.4 Other Sampling Designs (其他抽樣方法) Chapter 1 The Nature of Statistics 統計本質 What is Statistics? 何謂統計? From Wikipedia, the free encyclopaedia: Statistics is a mathematical science pertaining to the collection, analysis,...
    1,634 Words | 7 Pages
  • Statistics - 8739 Words
    Business Statistics MFM I Semester I.Chakrapani Asst. Professor – FMS NIFT, Hyderabad Course Objectives To understand the fundamentals of statistics and its application in the field of fashion industry To familiarise the students with SPSS for data feeding, processing, analysis and interpretation Analyse data quantitatively to interpret an existing situation/problem with the help of SPSS Course Contents Session 1 Introduction to statistics – What & Why Scope of statistics and its...
    8,739 Words | 31 Pages
  • Statistics - 2822 Words
    Master of Business Administration- MBA Semester 1 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....
    2,822 Words | 11 Pages
  • Statistics - 5262 Words
    Millar Biology statistics made simple using Excel Biology statistics made simple using Excel Neil Millar Spreadsheet programs such as Microsoft Excel can transform the use of statistics in A-level science Statistics is an area that most A-level biology students (and their teachers!) find difficult. The formulae are often complicated, the calculations tedious, degrees of freedom mysterious, and probability tables confusing. But in fact students need no longer grapple with any of these....
    5,262 Words | 17 Pages
  • Statistic - 480 Words
    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. ( according to mister Wikipedia) Statistik adalah satu bidang pengumpulan, pengurusan, pengaanalisaan, penerangan, dan pembentangan data. Ia merangkumi setiap aspect termasuklah merancang proses pengumpulan data melalui olahan kajiselidik dan eksperimen....
    480 Words | 2 Pages
  • STATISTICS - 2142 Words
    Preliminary Observations • The Mean of AA Fly (7.167) is lesser than TT Air (10.229). This means that the average number of hours of AA Fly is lesser than TT Air during each 24-hour period i.e. (10.229-7.167=3.062). • The sample size of AA Fly (27) is lesser than TT Air (28). Even though AA Fly’s sample is 1 day shorter than TT Air, it does not significantly affect the output as the one day does not change much (unless there had been a market shock). However based on Central Limit Theorem,...
    2,142 Words | 8 Pages
  • Statistics - 335 Words
    Master of Business Administration – MBA Semester I Subject code – MB0040 Subject Name – Statistics For Management Assignment Set – 1 Q.1. Why it is necessary to summarise date? Explain the approaches available to summarize the data distributions? Q.2. Explain the purpose of tabular presentation of statistical data. Draft a form of tabulation t show the distribution of population according to i) Community by age, ii) Literacy, iii) Sex, and iv) Marital status. Q.3. Give a brief note of...
    335 Words | 1 Page
  • Statistics - 1216 Words
     Statistical Analysis BU 510 601 2 Credit Hours Fall 2013 Instructor: Shrikant Panwalkar Office phone: (410) 234 9456 Office Hours: By appointment panwalkar@jhu.edu Required Text and Learning Materials Business Statistics in Practice; 6th Edition, McGraw-Hill Higher Education, ISBN-13 978-0-07-340183-6 (There are other ISBN numbers) Authors: Bowerman, Bruce; O'Connell, Richard. (the cover shows a third author – Murphree) Please note: 7th edition is available,...
    1,216 Words | 6 Pages
  • Statistics and Business Statistics - 3224 Words
    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 ofsurveys 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...
    3,224 Words | 10 Pages
  • Inferential Statistics - 12660 Words
    COM 208 Inferential Statistics (Panel 10) With inferential statistics, you are trying to reach conclusions that extend beyond the immediate data alone. For instance, we use inferential statistics to try to infer from the sample data what the population might think. Or, we use inferential statistics to make judgments of the probability that an observed difference between groups is a dependable one or one that might have happened by chance in this study. Thus, we use inferential statistics to...
    12,660 Words | 33 Pages
  • Statistics in Business - 384 Words
     Statistics in Business Katherine Wolf QNT/275 April 3, 2015 Barry Adkins Statistics in Business Statistics is all about collecting numerical data, organizing it, and interpreting the data to form hypothesis. While interpreting the data we are able to draw all kinds of conclusions from weather forecasts to how much money a company is projected to make over the next year. There are different types of statistics that can be used for different outcomes. You have to first...
    384 Words | 2 Pages
  • What Is Statistics - 1731 Words
    Statistics can be defined as “ the science that deals with the collection, classification, analysis, and interpretation of numerical facts of data, and that, by use of mathematical theories of probability, imposes order and regularity on aggregates of more or less disparate elements” (Dictionary.com, LLC, 2008). Yet how do we use these specific elements in our everyday working lives? Many don’t realize the extent to which we as a culture base our decisions on statistics. We us them in something...
    1,731 Words | 5 Pages
  • Statistics essay - 714 Words
    Statistics 1 Business Statistics LaSaundra H. – Lancaster BUS 308 Statistics for Managers Instructor Nicole Rodieck 3/2/2014 Statistics 2 When we hear about business statistics, when think about the decisions that a manager makes to help make his/her business successful. But do we really know what it takes to run a business on a statistical level? While some may think that business statistics is too much work because it entails a detailed decision making...
    714 Words | 3 Pages
  • Statistics Paper - 753 Words
    Charismatic Condition Mean 4.204081633 Standard Error 0.097501055 Median 4.2 Mode 4.8 Standard Deviation 0.682507382 Sample Variance 0.465816327 Kurtosis 5.335286065 Skewness -1.916441174 Range 3.5 Minimum 1.5 Maximum 5 Sum 206 Count 49 Confidence Level(95.0%) 0.196039006 In both the Charismatic and the punitive condition data sets there were 49 people surveyed. We know this because we were able to use descriptive statistics to show the count and that shows the number of...
    753 Words | 4 Pages
  • Assignment4 Statistics - 570 Words
     MBA 501A – [STATISTICS] ASSIGNMENT 4 INSTRUCTIONS: You are to work independently on this assignment. The total number of points possible is 50. Please note that point allocation varies per question. Use the Help feature in MINITAB 16 to read descriptions for the data sets so that you can make meaningful comments. [10 pts] 1. Use the data set OPENHOUSE.MTW in the Student14 folder. Perform the Chi Square test for independence to determine whether style of home and location are are...
    570 Words | 3 Pages
  • Statistics in Media - 437 Words
    Analysis of Statistics in Everyday Media In the article, "Does Chocolate Make You Clever?" by Charlotte Pritchard, the explanation of a study by Franz Messerli was provided. Messerli wanted to investigate how chocolate can affect your intelligence after reading that cocoa can lead to improved mental function in elderly patients with mild cognitive impairment and to a longer life with improved memory. In his study, Messerli took the number of Nobel Prize winners in a country as an indicator of...
    437 Words | 2 Pages
  • Statistics in Sports - 1085 Words
    Statistics is a mathematical science pertaining to the collection, analysis, interpretation or explanation, and presentation of data. It is applicable to a wide variety of academic disciplines, from the physical and social sciences to the humanities. Statistics are also used for making informed decisions – and misused for other reasons – in all areas of business and government. Statistical methods can be used to summarize or describe a collection of data; this is called descriptive statistics....
    1,085 Words | 3 Pages
  • Statistics in Busine - 376 Words
     Statistics in Business QNT/275 January 12, 2015 Kim Gravelle Statistics in Business Statistics are simply a way of gathering information from data. Learning from data is the essential use of statistics. The extraction of answers from data provides the foot print for further investigation and research. There are several different types and levels of statistics, they are nominal, ordinal, interval, and ratio ("Data Levels of Measurement", 2014). The first level being nominal, allows for...
    376 Words | 2 Pages
  • A Handbook Of Statistics - 21542 Words
    A Handbook of Statistics An Overview of Statistical Methods Darius Singpurwalla Download free books at Darius Singpurwalla A Handbook of Statistics An Overview of Statistical Methods Download free eBooks at bookboon.com 2 A Handbook of Statistics: An Overview of Statistical Methods 1st edition © 2013 Darius Singpurwalla & bookboon.com ISBN 978-87-403-0542-5 Download free eBooks at bookboon.com 3 A Handbook of Statistics Contents Contents Preface 7 1 Statistics and Statistical...
    21,542 Words | 125 Pages
  • Statistics in Business - 334 Words
    Statistics in Business QNT/351 William Modey Quantitative Analysis for Business Salonyia Fisher Summary Statistics is accurately defined as the study of the analysis, data collection, and organization of the data which is interpreted by a particular business field. Statistics main focus is usually dealing with the preparation procedure of the data collection in the course of developing surveys and creating experiments. When an organization uses statistics, it needs to be taken into...
    334 Words | 2 Pages
  • statistics example - 1107 Words
    Exercise collection I. Use the dataset called “Labour_force.sav” or „Labour_force_data.xls”. In the MS Excel file you find the description of the variables on the worksheet „Source”. Answer the following questions. (Covered topics: tables, frequency-relative frequency, descriptive statistics, estimation, hypothesis tests, stochastic relationships, linear regression analysis) 1. Decide from which aspect (age, monthly gross earnings, mortgage) the people are more homogenous. Explain your...
    1,107 Words | 7 Pages
  • Basic statistics - 23855 Words
    Elementary Concepts in Statistics Overview of Elementary Concepts in Statistics. In this introduction, we will briefly discuss those elementary statistical concepts that provide the necessary foundations for more specialized expertise in any area of statistical data analysis. The selected topics illustrate the basic assumptions of most statistical methods and/or have been demonstrated in research to be necessary components of one's general understanding of the "quantitative nature" of...
    23,855 Words | 84 Pages
  • Statistics and Data - 1616 Words
     Simply use statistics as a tool. You will be given a data. (Next year you will not be given data, you will gather data yoruself). 1. Data: one of the variables is dependent and other dependent. Can be multiple. Then do regression analysis. ANOVA for overall significance and Regression equation. And write based on ANOVA there is a significance or not. 2. Some comments on correlation: volume vs. horse power etc. 3. Hypothesis test of one population. I assume that the mean is etc etc....
    1,616 Words | 6 Pages
  • Statistics in Business - 352 Words
    Statistics in Business QNT/351 Statistics in Business What is statistics? Statistics is collecting, measuring, analyzing, and communicating data. There are two types of statistics, descriptive statistics and inferential statistics (Lind, Marchal, & Wathen, 2011). Statistics are applied in different situations. This paper will describe the role statistics has in making business decisions. This paper will also provide examples of situations in which statistics are...
    352 Words | 2 Pages
  • Statistics for Management - 5001 Words
    Statistics For Management 1. Introduction 2. Statistical Survey 3. Classification, Tabulation & Presentation of data 4. Measures used to summarise data 5. Probabilities 6. Theoretical Distributions 7. Sampling & Sampling Distributions 8. Estimation 9. Testing of Hypothesis in case of large & small samples 10. Chi-Square 11. F-Distribution and Analysis of variance (ANOVA) 12. Simple correlation and Regression 13. Business Forecasting 14. Time Series Analysis 15 . Index Numbers...
    5,001 Words | 17 Pages
  • Role of Statistics - 334 Words
    Define Statistics Statistics is the practice of gathering, sorting, and categorizing numerical information in an organized format that can be used to acquire results to specific problems. According to McClave, Benson, and Sincich (2011), “Statistics is the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information” (p. 3). Different Types and Levels of Statistics There are two types of statistics. One is descriptive which...
    334 Words | 2 Pages
  • Statistics Report - 1446 Words
    Diversified Global holdings group Strategic analysis business analytics department for CCResorts Central coast Strategic analysis BUsiness analytics Department Executive summary This study was produced on behalf of the Business Analytics Department at DGHG for CCResorts in order to examine market research and determine how the venture is progressing. The company provided a data sample from the past 12 months with 200 entries, each with 6 variables. The aim of this report is to...
    1,446 Words | 6 Pages
  • Official statistics - 1580 Words
    Examine the reasons why some sociologists choose to use official statistics when conducting research. Firstly, official statistics are a source of secondary quantitative data which are gathered by the government or other official bodies. Many reasons for their use by sociologists when conducting research stems from the fact that they are a form of secondary data; meaning that they are not collected by the sociologist themselves. This makes them high in practicality, representativeness and...
    1,580 Words | 5 Pages
  • Health Statistics - 988 Words
    Scenario: As an upcoming audit approaches, you want to ensure that your staff understands the basics of healthcare statistics and research. You decide to create a training packet that will be distributed to all employees in your department. For newly hired employees, the packet will assist them in learning the basics of the department. For current employees, the packet will serve as a review in order to maintain sharpened skills throughout the department. Create a written training piece...
    988 Words | 5 Pages
  • Statistics Paper - 1441 Words
    Regression Modeling Analysis: Determining the Number of Days a Patient is in the Hospital Rochester Institute of Technology Executive Masters of Business Administration CLASS XX/TEAM III CHRIS HAJECKI, CHUCK D’AGNOSTINO, BARBARA STEPHENS, MARY KATE SCANLON NOVEMBER 17th, 2012 Abstract: Objectives: To identify factors associated with the number of days spent in the hospital. Design: A multiple regression model applied to data from a sample size. We chose this design because it...
    1,441 Words | 4 Pages
  • Inferential Statistics - 1742 Words
    Accountability Modules WHAT IT IS Return to Table of Contents Data Analysis: Analyzing Data - Inferential Statistics Inferential statistics deal with drawing conclusions and, in some cases, making predictions about the properties of a population based on information obtained from a sample. While descriptive statistics provide information about the central tendency, dispersion, skew, and kurtosis of data, inferential statistics allow making broader statements about the relationships between...
    1,742 Words | 7 Pages
  • Statistics in Business - 507 Words
    Statistics in Business In general statistics is the collection of large quantities with numerical data to be scientifically analyzed. Statistics is referred to as interpreting and analyzing data. Areas that use modern statistical methods are the medical, biological and social sciences, economics, finance, marketing research, manufacturing and management, government, research institutes and many more. Statistics is important because it turns data into knowledge leading to solving problems and...
    507 Words | 2 Pages
  • Statistics in Business - 332 Words
    Statistics in Business QNT/351 Donald Lifke   Statistics in Business Statistics is defined as the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information. (McClave, Benson, & Sincich, 2011, p. 3). . There are two different application process involved in statistics; descriptive and inferential. Descriptive statistics is the analysis that helps describe, summarize or show data in a way to allow...
    332 Words | 2 Pages
  • Statistics Coursework - 816 Words
    Coursework This handout provides information about the module’s second coursework. Below, you will find the coursework as well as information about the marking scheme. * The coursework requires you to engage with regression analysis by performing various regressions in Eviews and by commenting on the main results. * The aim of the coursework is to test your ability to handle datasets with the use of a specialist software and to provide critical and informative comments on the outcome of...
    816 Words | 3 Pages
  • What Is Statistics? - 493 Words
    WHAT IS STATISTICS? Statistics is the mathematical science involved in the application of quantitative principles to the collection, analysis, and presentation of numerical data. The practice of statistics utilizes data from some population in order to describe it meaningfully, to draw conclusions from it, and make informed decisions. The population may be a community, an organization, a production line, a service counter, or a phenomenon such as the weather. Statisticians determine which...
    493 Words | 2 Pages
  • Applications of Statistics - 1252 Words
    Statistics: The Applications of Statistics Kashaf Bakali 201105803 Qatar University Post Foundation English 203 – 106 December 17, 2012 Dr. James Scotland What is statistics? Statistics is a study which includes the collection, analysis, organization, interpretation and presentation of data. The collection, organization, analysis, interpretation and presentation of data help people in numerous ways; from prediction of diseases and weather up to being useful in business. These...
    1,252 Words | 4 Pages
  • Statistics Template - 842 Words
    Week 4 15.18 Sixty-four students in an introductory college economics class were asked how many credits they had earned in college, and how certain they were about their choice of major. Research question: At α = .01, is the degree of certainty independent of credits earned? Certaint Credits Earned | Very Uncertain | Somewhat certain | Very Certain | Row Total | 0–9 | 12 | 8 | 3 | 23 | 10 to 59 | 8 | 4 | 10 | 22 | 60 or more | 1 | 7 | 11 | 19 | Col Total | 21 | 19 | 24 | 64 |...
    842 Words | 5 Pages
  • Statistics Midterm - 1636 Words
    MM207 Statistics Unit IV Mid Term Project 1. In the following situation identify the implied population. A recent report on the weekly news presented the findings of a study on the effectiveness of Onglyza, along with diet and exercise, for treating diabetes. According to Bennett (2009), a population is defined as “the complete set of people or things being studied” in a statistical study. Given that the information is in relation to finding the success of a drug used to care...
    1,636 Words | 6 Pages
  • Statistics for Management - 6570 Words
    LESSON – 1 STATISTICS FOR MANAGEMENT Session – 1 Duration: 1 hr Meaning of Statistics The term statistics mean that the numerical statement as well as statistical methodology. When it is used in the sense of statistical data it refers to quantitative aspects of things and is a numerical description. Example: Income of family, production of automobile industry, sales of cars etc. These quantities are numerical. But there are some quantities, which are not in themselves...
    6,570 Words | 44 Pages
  • statistics and probability - 289 Words
     A group of investors wants to develop a chain of fast-food restaurants. In determining potential costs for each facility, they must consider, among other expenses, the average monthly electric bill. They decide to sample some fast-food restaurants currently operating to estimate the monthly cost of electricity. They want to be 90% confident of their results and want the error of the interval estimate to be no more than $100. They estimate that such bills range from $600 to $2,500. How large a...
    289 Words | 2 Pages
  • Misuse of statistics - 784 Words
    Prof. Umesh Singh, Coordinator, DST Centre for Interdisciplinary Mathematical Sciences, Prof Sengupta, Dean Faculty of Science, Prof Joshi, other distinguished members of faculty of the University, and above all, dear students. I thank you all for inviting me to be in your midst during the 150th birth anniversary celebrations of Mahamana Pandit Madan Mohan Malviya. It is a great honour and privilege for me. Pandit Madan Mohan Malviya 2. You have provided an opportunity to me to pay my...
    784 Words | 3 Pages
  • INFERENTIAL STATISTICS - 386 Words
     Measures of central tendency are also called measures of central location because they are single values that tends to describe a given set of data by identifying their central locations.In his book introduction to statistical methods and data analysis, R. Ott Longnecker argues that measures of central tendency seek to describe the centre of distribution of measurements and also how the measurement vary about the centre of distribution.Central tendency measures include mean, mode nd median.On...
    386 Words | 2 Pages
  • descriptive statistics - 462 Words
    Descriptive Statistics Descriptive statistics is the analysis of data that summarize data in a way such that, meaningful patterns emerge from the data. Descriptive statistics do not allow us to reach to the conclusions beyond the data we have analyzed regarding any hypotheses we might have made. They simply describe our data. Measures of Central Tendency: these are ways of describing the central position of a frequency distribution for a group of data through: Mode: Sum of all observations...
    462 Words | 2 Pages
  • Fundamentals of Statistics - 752 Words
    In each of the assignments in this course, you will be dealing with the following scenario: American Intellectual Union (AIU) has assembled a team of researchers in the United States and around the world to study job satisfaction. Congratulations, you have been selected to participate in this massive global undertaking. The study will require that you examine data, analyze the results, and share the results with groups of other researchers. Job satisfaction is important to companies large and...
    752 Words | 3 Pages
  • Statistics And Its Limitations - 825 Words
    What Is Statistics? Statistics is the science of learning from data, and of measuring, controlling, and communicating uncertainty; and it thereby provides the navigation essential for controlling the course of scientific and societal advances Statisticians apply statistical thinking and methods to a wide variety of scientific, social, and business endeavors in such areas as astronomy, biology, education, economics, engineering, genetics, marketing, medicine, psychology, public health,...
    825 Words | 3 Pages
  • Business Statistics - 592 Words
    QMT2033 BUSINESS STATISTICS Assignment for mid -term break 1. Most of the information technology developers claim that wireless connection would give speed of at least 11 Mbps compared to wired connection. A sample of 105 computers using wireless connection shows it gives a mean of 11.7 Mbps and a standard deviation of 2.3 Mbps. a) Do you think that the wireless usage should be implemented? Test at 7% significance level). b) Repeat the test by using p-value approach. 2. A jack is usually...
    592 Words | 2 Pages
  • Descriptive Statistics - 1375 Words
    The world is filled with uncertainties. Consumer prices, economic fluctuations, political candidate popularity, water quality, portfolio investment management, and everyday decisions, among others, are often ambiguous, unclear, and indeterminate. Statisticians help individuals resolve the vagueness of life by developing characterizations and drawing conclusions surrounding these questions (American Statistical Association [ASA], 2008). Statistics is a division of mathematics that centers on the...
    1,375 Words | 5 Pages
  • History of Statistics - 486 Words
    BICOL STATE COLLEGE OF APPLIED SCIENCE AND TECHNOLOGY NAGA CITY HISTORY OF STATISTICS Group 3 Members: Tricia Mae Berja Michelle Lee Desiree Basmayor Mica Rubio Gian Perucho Ivan Ricafort Ms. Donnalyn Matamorosa Dominic Bobis Teacher Alex Obligado Ancient Times (3000 BC – 27 BC) * Pictorial representation and other symbols were used for Statistics back in the days. (To record numbers of people, animals, etc.) * In Babylonia and China, population is...
    486 Words | 2 Pages
  • Statistics In Business - 337 Words
     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...
    337 Words | 2 Pages
  • Statistics for Dummies - 31557 Words
    sier!™ ing Everything Ea Mak ta t i s t i c s S e nt ia l s Ess Learn: • Exactly what you need to know about statistical ideas and techniques • The “must-know” formulas and calculations • Core topics in quick, focused lessons Deborah Rumsey, PhD Auxiliary Professor and Statistics Education Specialist, The Ohio State University Statistics Essentials FOR DUMmIES ‰ by Deborah Rumsey, PhD Statistics Essentials For Dummies® Published by Wiley Publishing, Inc. 111 River...
    31,557 Words | 103 Pages
  • Intro to statistics - 1172 Words
    Step 1- Identify the problem Develop a problem statement- What are you going to investigate (use the 6 characteristics of a good problem statement) 1. Be interested in the problem 2. Have a manageable scope 3. Be comfortable in terms of the knowledge, time, and resources needed to investigate the problem 4. Be able to collect and analyze numerical data 5. Must be a practical or theoretical reason for you to research the problem 6. It must be ethical for you to investigate the...
    1,172 Words | 5 Pages
  • Statistic Assignment - 2652 Words
    Tran Cam Duc 3409587 Do Yen Ly 3393302 Group: 3 Team: 4 ECON1193 BUSINESS STATISTICS 1 – Team Project Analysis and Comparisons of two hotel performances Question 1: Bin | Frequency | 2 | 22 | 4 | 20 | 6 | 24 | 8 | 18 | 10 | 16 | More | 0 | Bin | Frequency | 2 | 8 | 4 | 25 | 6 | 36 | 8 | 18 | 10 | 13 | More | 0 | Compare: While the histogram of Lucky hotel is seemed to be symmetrical, the data set of Happy hotel is fluctuating distributed. This indicates...
    2,652 Words | 11 Pages
  • Description of Statistics - 1676 Words
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  • Intro to Statistics - 750 Words
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  • Purpose of Statistics - 424 Words
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  • History of Statistics - 731 Words
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  • Statistics in Business - 294 Words
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  • statistic manager - 2768 Words
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  • Basic Statistics - 730 Words
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  • Introduction to Statistics - 1490 Words
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  • Misuses of Statistics - 768 Words
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  • Statistics in Research - 958 Words
    Definition of statistics: Statistics is the science of learning from data, and of measuring, controlling, and communicating uncertainty; and it thereby provides the navigation essential for controlling the course of scientific and societal advances (Davidian, M. and Louis, T. A., 10.1126/science.1218685). Statisticians apply statistical thinking and methods to a wide variety of scientific, social, and business endeavors in such areas as astronomy, biology, education, economics, engineering,...
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