ECONOMICS ANALYSIS FOR BUSINESS UNIT – 1 1. What is Economics? Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. 2. Definition of economics According to “Adamsmith” Economic is a social science the deals with human behaviour pertaining to production‚ Exchange and consumption of goods and services. 3. What are basic concept of economic? * Resource allocation * Opportunity cost * Diminishing marginal
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the mean and median for this data are a. 4 and 3 b. 4.8 and 3 c. 4.8 and 3 1/2 d. 4 and 3 1/2 e. 4 and 3 1/3 2. A distribution of 6 scores has a median of 21. If the highest score increases 3 points‚ the median will become __. a. 21 b. 21.5 c. 24 d. Cannot be determined without additional information. e. none of these 3. If you are told a population has a mean of 25 and a variance of 0‚ what
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Statistical quality control (SQC) The application of statistical techniques to measure and evaluate the quality of a product‚ service‚ or process. Two basic categories: I. Statistical process control (SPC): - the application of statistical techniques to determine whether a process is functioning as desired II. Acceptance Sampling: - the application of statistical techniques to determine whether a population of items should be accepted or rejected based on inspection of a sample of those
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-------------------------------------------------------------------------------- 6 BASIC STATISTICAL TOOLS There are lies‚ damn lies‚ and statistics...... (Anon.) -------------------------------------------------------------------------------- 6.1 Introduction 6.2 Definitions 6.3 Basic Statistics 6.4 Statistical tests -------------------------------------------------------------------------------- 6.1 Introduction In the preceding chapters basic elements for the proper
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all your weapons and sensitive items. Accountability means the state of being accountable; liability to be called on to render an account; accountableness. It’s important to be accounted for no matter if you’re part of a formation or some type of business. Being accounted for let’s that subjects accountee know that he/she is at his point of place and time. To be accounted for allows the subject to be somewhere else other than his point of duty‚ knowing that his command knows of his whereabouts and
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Chapter 8 29. The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6.25 minutes for the population standard deviation. If we want to estimate the population mean travel-to-work time for San Francisco residents with a margin of error of 2 minutes‚ what sample size should be used? Assume 95% confidence
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Semester I Revised June 2012 Revised Business Economics I Syllabus for F.Y.B.Com from June 2012 onwards University of Mumbai Semester I Module I: Demand analysis Demand function and determinants of demand – Concept and importance of Elasticity of demand‚ Income‚ cross‚ promotional. Case studiesConsumer surplus‚ Demand forecasting: meaning significance and methods-case studies Module II Theory of production and cost Production function-short run and long run- Law of variable proportions- Isoquantproducers’
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Regional Economic Integration Chapter Outline OPENING CASE: The European Energy Market INTRODUCTION Levels of Economic Integration THE CASE FOR REGIONAL INTEGRATION The Economic Case for Integration The Political Case for Integration Impediments to Integration THE CASE AGAINST REGIONAL INTEGRATION REGIONAL ECONOMIC INTEGRATION IN EUROPE Evolution of the European Union Political Structure of the European Union Management Focus: The
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CHS 245 OL Quiz 1 Study Guide Aztecs 1. What were some of the important innovations of the Aztecs? a. Building foundations‚ water aqueduct‚ dams‚ roads‚ universal school for boys and girls 2. What was the role of human sacrifice in Aztec Society? a. Religion‚ belief the world would end 3. What were some of beliefs/philosophies of the Aztecs? What is a calpolli? What were the gender roles (boys vs. girls) in Aztec society? a. Calpolli – social organization in the heart of the empire –
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Chapter 22: Protists 22-1: Characteristics of Protists Protists Are a Varied and Ancient Group of Organisms Protists are the most diverse of all organisms - most are unicellular - microscopic - few are complex and multicellular Characteristics - eukaryotes - some photosynthesis - some ingest their food - some absorb their food - some have flagella or cilia o used for locomotion or getting food - found
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