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Question 1 Define the term Statistics. Describe its functions and limitations with examples
Question 2
1. Explain the various measures of Dispersion
2. The following data relate to the prices and quantities of 4 commodities in the year 2004 and 2005. Construct the following index numbers of price for the year 2005 by using 2004 as the base year
Commodities
2004
2005
Price
Quantity
A
5
100
6
150
B
4
80
C
2.5
60
72
D
12.0
30
9
33
Many organisations are making decisions to outsource some of their activities. However, when considering the option to outsource, organisations must consider the transaction costs
Explain about the work study. Definition of Work Study: Work Study, is defined through British Standard Institution, is a generic word for such techniques mainl
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The Code of ethics for Public Officers sets out the standards of correct conduct expected of Public Officers. It emphasizes the importance of a responsible, responsive and caring
Have preventive maintenance( PM) in addition to breakdown maintenance ( BM) optimal combination of the two is required for total cost minimization profitable preventive maintenan
Question 1: (a) Describe how the attribution theory helps to understand an individual perception of other individual's behaviour. (b) Describe the importance of the concept
Referring to the organisation you researched in Section A of this report give two (2) examples of where that business should be socially responsive to issues that have arisen or c
Business Process Analysis 1. Comprehensive business process analysis with suggested improvements. Must include projected quantitative results. Report must include use of analyt
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If the waiting time cost per hour for a FAST truck is $100 and the waiting time cost per hour for a non-FAST truck is $40. Build the following ARENA models to help you decide which
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