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There may be two values which occur with the same maximum frequency. The distribution is then called bimodal. In a bimodal distribution, the value of mode cannot be determined with the help of the formula given above. In such instances where a distribution is bimodal and nothing can be done to change it, the mode should not be used as a measure of central tendency. If we have more points of maxima for the frequency distribution, the distribution is known as multimodal distribution.
limitations of time series analysis
Suppose both the Repair record 1978 and Company headquarters are believed to be significant in explaining the vector (Price, Mileage, Weight). Here, because of the limited sample s
Q. 1 a) Describe the important quantitative techniques used in public system management. (10) b) Do you think the day will come when all decisions are made with the assistance of
why we use dummy variable
The interest rate on the three year loan is 0.087. Whereas the interest rate on the two year loan is 0.085 as given in A. Suppose that the liquidity premium at t=1 is 0.002 and tha
According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample o
Explain any two applications of statistics
Grid is the set of pairs {1, 2, 3, 4} x {1, 2, 3, 4}. Image is the power set of Grid. An element of Image is a subset of Grid and can be represented by a diagram on a 4 by 4
merits and demerits of methods to determin trends
There are situations where none of the three averages is fully satisfactory. For example, if the number of items in a series is very small, none of these av
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