index number, Applied Statistics

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"index number is an economic barometer" comment on this statement


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Standard Deviation  The concept of standard deviation was first introduced by Karl Pearson in 1893. The standard deviation is the most important and the popular measure of disp

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There are two types of drivers, high-risk drivers with an accident probability of 2=3 and low risk drivers with an accident probability of 1=3. In case of an accident the driver su

Frequency distribution, Frequency distribution A frequency distribution...

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Standard erro, practical application of standard error

practical application of standard error

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This probability rule determined by the research of the two mathematicians Bienayme' and Chebyshev, explains the variability of data about its mean when the distribution of the dat

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