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Advanced managerial statistics, The objective of this assignment is to test...

The objective of this assignment is to test your understanding in the learning outcome (LO2) and learning outcome (LO3) and learning outcome (LO4). 1) This is a grouped assignme

Banach''s match-box problem, Banach's match-box problem : The person carrie...

Banach's match-box problem : The person carries two boxes of matches, one in his left and one in his right pocket. At first they comprise N number of matches each. When the person

Biplots, Biplots: It is the multivariate analogue of the scatter plots, wh...

Biplots: It is the multivariate analogue of the scatter plots, which estimates the multivariate distribution of the sample in a few dimensions, typically two and superimpose on th

Forecasting, Briefly explain the importance of forecasting for managers?

Briefly explain the importance of forecasting for managers?

Cluster randomization, Cluster randomization : The random allocation of the...

Cluster randomization : The random allocation of the groups or clusters of the individuals in the formation of treatment groups.Eeven though not as statistically ef?cient as the in

Explain knox''s test, Knox's tests: These tests designed to detect any ten...

Knox's tests: These tests designed to detect any tendency for the patients with a particular disease to form the disease cluster in time and space. The tests are relied on a two-b

Frequency polygon, It is the diagram used to display the values graphically...

It is the diagram used to display the values graphically in a frequency distribution. The frequencies are graphed as an ordinate against the class mid-points as abscissae. The p

Projection pursuit, Projection pursuit is a procedure for attaning a low-d...

Projection pursuit is a procedure for attaning a low-dimensional (usually two-dimensional) representation of the multivariate data, which will be particularly useful in revealing

Explain prevalence, Prevalence : The measure of the number of people in a p...

Prevalence : The measure of the number of people in a population who have a certain disease at a given point in time. It c an be measured by two methods, as point prevalence and p

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