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mle, Applied Statistics
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Median for grouped data, Grouped Data In order to find the median, the...
Grouped Data In order to find the median, the median class is to be first located and then interpolation is to be used by assuming that items are evenly spaced over the entire
Regression constants, The regression line should be drawn on the scatter di...
The regression line should be drawn on the scatter diagram in such a way that when the squared values of the vertical distance from each plotted point to the line are added, the to
Regression, The 4 assumptions of regression: 1. Variables are norm...
The 4 assumptions of regression: 1. Variables are normally distributed 2. Linear relationship between the independent and dependent variables 3. Homosced
Decision making ., it is said that management is equivalent to decision mak...
it is said that management is equivalent to decision making? do you agree? explain
Calculation for discrete series or ungrouped data , Calculation for Discre...
Calculation for Discrete Series or Ungrouped Data The formula for computing mean is = where, f = fr
Logistic regression model, A marketing research firm was engaged by an auto...
A marketing research firm was engaged by an automobile manufacturer to conduct a pilot study to examine the feasibility of using logistic regression for ascertaining the likelihood
Statistical errors, Statistical Errors Statistical data ar...
Statistical Errors Statistical data are obtained either by measurement or by observation. Hence to think of perfect accuracy is only a delusion or a myth, It is no
Control chart, construction of control chart,n chart
construction of control chart,n chart
Evaluate the p - value, Use the given information to find the P-value. T...
Use the given information to find the P-value. The test statistic in a two-tailed test is z = 1.49 P-value = (round to four decimal places as needed)
Chi square test as a distributional goodness of fit, Chi Square Test as a D...
Chi Square Test as a Distributional Goodness of Fit In day-to-day decision making managers often come across situations wherein they are in a state of dilemma about the applica
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