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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) Statistics are collecting, organizing, summarizing and presenting a set of data. b) Inferential statistics is the learn of a sample that enables us to make estimates about t
A box contains 20 fuses of which 5 are defective If 2 fuses are chosen together at random what is the probability that both the fuses are defective?ion..
consumer behaviour in accounting
VK Ltd a multi-product Company, furnishes you the following data relating to the year 2000 First Half of the year Second Half of the year Sales Rs. 45,000 Rs. 50,000 Total Co
Cash discount A payment received, given if payment is completed within a stated age of occasion, Refer to TRADE DISCOUNT,
What is a Business-type activity Reported in the government-wide financial statements. Financed in whole or in part by fees charged to external parties for goods or services that
What are the major advantages of the Single Entry System? Ans. A Single Entry system is considered to be the most simplest method to record the financial transaction, only cash bo
Cash equivalent Short-term: highly liquid investments that are together [1) readily convertible to known amounts of cash & [2) so close to their maturity that they there insignifi
Q. What is Sample Population? Choosing a sample population is one of the most important factors in gathering statistical data because all of the claims will be based on the sam
journal entries of a loan swap with different currency
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