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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
QUESTION (a) (i) What is information overload? Illustrate your answer through a practical example. (ii) How could each of the factors below contribute to information ove
Mr. Vincent the manager of a large supermarket was taking a management course in the evening program at the local collage. The professor had given an interesting but Mr. Vincent th
At this stage as senior managers becomes committed and involved in preparing the plan for TQM implementation they start to : a. Point out the benefits of TQM for the o
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The most significant emerging global economies, in terms of growing power and influence, are normally referred to BRIC economies
Explain about the programmed and non-programmed managerial decisions. Programmed and Non-Programmed decisions: Programmed decisions are which made in accordance along wit
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PM alone cannot eliminate or drastically reduce breakdowns. Supporting it there should be various steps taken in design development and engineering such that maintenance itself
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