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Explain the term “Trial Balance” and its needs for an organization. Ans. A Trial Balance is a statement of summarization of the all the involved ledgers accounts at the end of th
Q. Example of inference? Ans. Thirty students from a college were surveyed and classified according to two variables: (1) gender (M/F) and (2) major (liberal arts, busines
uses of time series
Q1. If you throw a coin 5 times, what is the probability of: - throwing 5 heads - throwing 4 tails - throwing 3 heads and 2 tails Q2. Construct a tree diagram to verify your ans
Q. What is Sample Population? Choosing a sample population is one of the most important factors in gathering statistical data because all of the claims will be based on the sam
Transition towards IFRS Over the last few years, there has been a tremendous change in the world's capital markets. There has thus been a shift away from the local financial re
Tension: When a sequence, place, cable or a man is presented tight, the ends of the sequence or place (or wire) pull on whatever systems are connected to them towards the sequence.
explain the graphical method of measure of central tendency.
How does the t-distribution changes its shape with the change of the size of the sample?
The mean number of hours of flying time for pilots at Continental Airlines is 49 hours per month (The Wall Street Journal, February 25, 2003). Assume that this mean was based on ac
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