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Level of Significance In testing a given hypothesis the maximum probability with which we would be willing to take risk is called level of significance of the test.
Important to Theoretical Distribution The science of theoretical distribution under which the frequencies of a variable are derived by some mathematical model without
what skill use by maybacnk CEO
Scenario: You work as a junior employee in the marketing department of a medium-sized Hong Kong organisation. One of your major tasks is your involvement in your organization's
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the following table gives place under different states of nature Strategies States of nature s1 s2 s3 A 10000 3000 2000 B
Meaning and Definition If a group of N observations is arranged in ascending or descending order of magnitude then the middle value is called median of these observat
Usefulness of Correlation 1.Correlation is very useful to economists to study the relationship between variables like price and quantity demanded. To businessmen it
what are the limitations of north west corner method
In a rectangular game, pay-off matrix of player A is as follows: i) Solve the game. ii) Write down the pay-off matrix of B and then, solve the game.
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