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Bernoulli's Theorem
If a trial of an experiment can result in success with probability p and failure with probability q (i.e.1-p) the probability of exactly r success in n trials can be determined by Bernoulli theorem. .The formulae used is as follows:
Here, n = number of experiments
R= number of success in the definite experiments
P= probability of success in an experiment and
Q= 1-p= the probability of unsuccess in the experiments.
Type of Variable in Regression Analysis There are two types of variable in regression analysis. These are: a. Dependent variable b. Independent variable
1. For each of the following variables: major, graduate GPA, and height: a. Determine whether the variable is categorical or numerical. b. If the variable is numerical, deter
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Descriptive Statistics : Carrying out an extensive analysis the data was not a subject to ambiguity and there were no missing values. Below are descriptive statistics that hav
Measurement of trend , least square method
Definition of Central Tendency The central tendency of a variable means a typical value around which other values tend to concentrate which can be measured. Such concentration
Types of business forecasting are generally as follows: 1. Sales and Demand forecasts 2. Porduction forecasts. 3. Cost Forecasts 4. Financi
how do you find if two way or one way
Assumptions in ANOVA The various populations from which the samples are drawn should be normal and have the same variance. The requirement of normality can be discarded if t
Differentiate between prediction, projection and forecasting.
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