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Least squares method of fitting a line ( the line of best fit or the regression line) through the scatter diagram is a method which minimizes the sum of squared vertical deviations from the fitted lines. In other words the line to be fitted will pass through the points of the scatter diagram in such a fashion that the sum of the squares of the vertical deviations of these points from the line will be a minimum
It is known that the average height of a man residing in the Canada is 174 cm and the standard deviation is 8 cm. Assume the heights are normally distributed. To test the hypothesi
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Stratified Sampling: If the population from which a sample is to be drawn does not constitute a homogenous group, then stratified sampling technique is applied so as to obtain a re
Depreciation Application procedure. Under this technique devaluation is incurred immediately to the Resources Consideration for example if 10% of devaluation is being incurred o
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Q. Example of Selection a Sample? Ans. Suppose a presidential election is approaching and many people are interested in knowing which candidate is most likely to win the v
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