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Negative hyper geometric distribution: In sampling without replacement from the population comprising of r elements of one kind and N - r of another, if two elements corresponding to which selected are replaced every time, then the probability of finding x elements of first kind in a random sample of n elements can be given as follows
The mean of distribution can be given as Nr/N and the variance can be given as follows (nr/N)(1-r/N)(N+n)/(N+1).
It corresponds to the beta binomial distribution with the integral parameter values.
Grade of membership model: This is the general distribution free method for the clustering of the multivariate data in which only categorical variables are included. The model ass
importance of time series on the number of babies given birth
Classification and regression tree technique (CART): The alternative to the multiple regression and associated techniques or methods for determining subsets of the explanatory va
Introduction to Generalized Linear Models (GLM) We introduce the notion of GLM as an extension of the traditional normal-theory-based linear regression models. This will be very
Briefly explain the importance of forecasting for managers?
Bivariate boxplot : A bivariate analogue of boxplot in which the inner area contains 50%of the data, and a 'fence' helps to identify the potential outliers. Robust methods or techn
Generally the final stage of an exploratory factor analysis in which factors derived initially are transformed to build their interpretation simpler. Generally the target of the pr
1. The production manager of Koulder Refrigerators must decide how many refrigerators to produce in each of the next four months to meet demand at the lowest overall cost. There i
Bayesian confidence interval : An interval of the posterior distribution which is so that the density of it at any point inside the interval is greater than that of the density at
Ask quesoil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The com
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