mba, Advanced Statistics

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Mention the characteristics of Statistics. Explain any two applications of Statistics.

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Explain lattice distribution, Lattice distribution : A class of probability...

Lattice distribution : A class of probability distributions to which most of the distributions for discrete random variables used in statistics belongs. In such type of distributio

QUANTITATIVE METHOD., an oil company is considering whether or not to bid f...

an oil company is considering whether or not to bid for an offshore drilling contract. The bid would cost $60 with a 65% chance of gaining the contract. Outcome success Probability

Linked micro map plot, Linked micro map plot is a plot which provides the ...

Linked micro map plot is a plot which provides the graphical overview and the details for spatially indexed statistical summaries. The plot shows the spatial patterns and statisti

Describe hurdle model, Hurdle Model:  The model for count data which postul...

Hurdle Model:  The model for count data which postulates two processes, one generating the zeros in the data and one generating positive values. The binomial model decides the bina

Falsediscoveryrate (fdr), The approach of controlling the error rate in an ...

The approach of controlling the error rate in an exploratory analysis where number of hypotheses are tested, but where the strict control which is provided by multiple comparison p

Explain longitudinal data, Longitudinal data : The data arising when each o...

Longitudinal data : The data arising when each of the number of subjects or patients give rise to the vector of measurements representing same variable observed at the number of di

Develop the equations to calculate the flow rates, A two-step distillation ...

A two-step distillation and mixing process is shown in the figure. The system operates at steady-state conditions and there are no chemical reactions. The known flow rates and comp

Generalized additive model, The linear component ηi, de?ned just in the tra...

The linear component ηi, de?ned just in the traditional way: η i = x' 1 A monotone differentiable link function g that describes how E(Yi) = µi is related to the linear compon

Explain o. j. simpson paradox, O. J. Simpson paradox is a term coming from...

O. J. Simpson paradox is a term coming from the claim made by the defence lawyer in murder trial of O. J. Simpson. The lawyer acknowledged that the statistics demonstrate that onl

Cause specific death rate, Cause specific death rate : A death rate calcula...

Cause specific death rate : A death rate calculated for the people dying from the specific disease. For instance, the below given are the rates per 1000 people for three disease cl

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