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1. Why use statistics in business research, and what is its role?
2. How can the concept of variance and standard deviation be applied to solving a real world business-related problem? Include a specific example from business. Explain.
3. When would you use descriptive statistics over inferential statistics? Give a specific scenario and explain your rationale.
4. Why is using Baye's theorem (conditional probabilities) important to help answer business-related questions? What does this theorem allow you to do?
Sue and Linda are equal partners in a partnership. Both partners had a basis of $160,000 on the date Sue decides to sell 1/2 of her share. On that date, Sue sells 1/2 of her interest to Alice for $60,000 cash.
SPC will allow an organization to become more efficient in their business practices (i.e. improved productivity and an increased level of performance measures). SPC will enable managers to make informed business decisions and develop comprehensive..
What is the probability that a randomly chosen package contains between 47 and 52 clips (inclusive) per package and What is the standard deviation of complaints received per week?
What is captial budgeting? Why are capital budgeting decisions crucial to the long run financial health of a business enterprise?
Find the probability of correctly answering the first 2 questions on a multiple choice test if random guesses are made and each question has 5 possible answers.
Explain primary data and describe at least three types and how they are gathered. Explain the financial aspect of secondary data. How has the internet changed research processes
Would you as head of the human resource department meet with the committee prior to any interviews? If yes, what would you say to the members?
Do a one-way ANOVA to test the hypothesis that the population means are equal and what are the hypotheses to be tested here? What is the value of F ?
Can you tell me what role organizational change out of: e-business management, global leadership, managerial economics, and financial methods play in a management career and professional development?
Why is statistical analysis preferable to visual inspection ("eye-balling") of data when making managerial decisions?
Using the following project information: Calculate the probability that the project will be completed in 38 weeks.
Explain how the authorities should choose the toll to bring the equilibrium number of trips to the efficient level.
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