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Problem 1
Statistics plays a vital role in almost every facet of human life. Statistics. Explain the applications of statistics in business and management.
Problem 2
A study of different sampling methods is necessary because precision, accuracy, and efficiency of the sample results depend on the method employed for selecting the sample. Explain the Probability and Non-probability sampling methods.
A certain manufactured item is visually inspected by two different inspectors. When a defective item comes through the line, the probability that it gets by the first inspector is
The results of a study using focused comparison techniques showed that two independent variables distinguished between successful and unsuccessful negotiations with the US on secur
An audit of the accounting records of Loch Ness Ltd. for the year ending 30 June 2012 discovered that the ending inventory balance was over-valued by $35,000
difference between histogram and historigram
From random sample of 48 days in a recent year, U.S. gasoline prices had a mean of $3.63. Assume the population standard deviation is $0.21?
Soddy and Rutherford, from their experimental study regarding the radioactive disintegration formulated the following laws, known as laws of radioactive disintegration. 1. Radioac
Finding the linear regression
Automated clearing house (ach) A across the country settlement and selection program that provides for automated submission and arrangement of resources. Although the phrase Elec
The owner of Big Fish supermarket was reviewing some data from a research report on the type of advertisements in the local paper that are most effective. Three types of ads (big
Statistical process control, a methodology used for controlling and improving the outcomes of operational processes, has been in use for almost 100 years! It was widely used in ma
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