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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.
Two construction contracts are to be randomly assigned to one or more of three firms. Numbering the firms I, II, and III, let X1 be the number of contracts assigned to firm I, and
Why Magnet show north south pole
Bond premium cycle The excess of the price for which a connection is acquired or sold over its face value resulting from a disparity connecting the market rate of interest and the
PC Shopping Network may upgrade its modem pool. It last upgraded 2 years ago, when it spent $115 million on equipment with a life of 5 years and a salvage value of $15 million. The
Definition of capital lease in term of financial arrangement whereby a lessee pays rental for asset. Capital lease is a financial arrangement underlying a agreement where a lesse
For our class homework we prepared a 3-month forecast for sales (12 months with actual sales for each month). What or how do we figure the absolute deviation of the 3-month foreast
importance of time series in statistics
Northern Hi-Tec Electronics Limited manufactures six computer peripheral devices: internal modems , external modems , circuit boards , CD drives , hard disk drives , and memo
The whole point of organizing data using SPSS software is so that we can manipulate the data to answer our descriptive and inferential questions. This next section will walk you t
). Calculate Karl Pearson’s coefficient of correlation from the following data , using 20 as the working mean for price and 70 as the working mean for demand: Price: 14 16 17 18 1
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