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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
Mean Deviation The two methods of dispersion discussed above namely range and quartile deviation are not measure of dispersion in the strict sense of te term because they do not s
what is the difference between histogram and historigram
Research Assignment for Quantitative Methods 2 Purpose: To design, undertake and analyse research on a negotiated project, possible themes could be any one of the following:
Susan’s proposed budget for 2011 includes a substantial repayment of the bank loan. If the repayment occurs, is the firm likely to break even in 2012? Explain.
Course of Study MBA 10% B.Tech 90% BBA 0% Diploma 0% Annual College Fee 25,000-30,000 0% 40,000-50,000 10% 85,000-90,000 90% 90,000 Above 0% Taken an Education Loan Yes 100
A company prepares dinners for several airlines, and sales average 300,000 meals per month. The significant costs of each dinner prepared are for the meat, veg,plastic trays, and u
The lifetime T (in days) of an electrical component has reliability function given by: R(t) = e - 0 : 01 t for time t > 0. An electrical system consists of four such component
Uses of mean
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Explain definition of bad debt reserve and provision in terms of accounts receivable likely to be uncollected. Bad debt reserve provision Bad debt reserve provision is a amount
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