mba, Advanced Statistics

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

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Identifying the necessary and sufficient conditions, You have probably noti...

You have probably noticed by now that some of the statements of necessary and sufficient conditions sound more natural than others. For example it seems more natural to express "We

Collapsing categories, Collapsing categories : A procedure generally applie...

Collapsing categories : A procedure generally applied to contingency tables in which the two or more row or column categories are combined, in number of cases so as to yield the re

Define informed consent, Informed consent: The consent needed from each po...

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Method of moments   is the procedure for estimating the parameters in a model by equating sample moments to the population values. A famous early instance of the use of the proced

Bayesian confidence interval, Bayesian confidence interval : An interval of...

Bayesian confidence interval : An interval of the posterior distribution which is so that the density of it at any point inside the interval is greater than that of the density at

Data reduction, The method of summarizing the large amounts of data by form...

The method of summarizing the large amounts of data by forming the frequency distributions, scatter diagrams, histograms, etc., and calculating statistics like means variances and

Efficiency, This term applied in the context of comparing the different met...

This term applied in the context of comparing the different methods and techniques of estimating the same parameter; the estimate with the lowest variance being regarded as the mos

Fan-spread model, This term sometimes is applied to the model for explainin...

This term sometimes is applied to the model for explaining the differences found between naturally happening groups which are greater than those observed on some previous occasion;

Random success probability, a psychic claims to be able to "feel colors" th...

a psychic claims to be able to "feel colors" there are three pieces of colored paper(red, blue,green) he will place his hand on radomly selected pieces while blindfolded. you perfo

Graphics., how to calculate the semi average method when 8 observations are...

how to calculate the semi average method when 8 observations are given?

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