mba, Advanced Statistics

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

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Exploratory data analysis, The approach to data analysis which emphasizes t...

The approach to data analysis which emphasizes the use of informal graphical procedures not based on former assumptions about structure of the data or on the formal models for the

Causality, Causality: The relating of the reasons to the effects they prod...

Causality: The relating of the reasons to the effects they produce. Several investigations in medicine seek to establish the causal relations between the events, for instance, whi

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Cochrane collaboration : An international network of the individuals committed to preparing , maintaining and disseminating the systematic reviews of the effects of the health care

Function of Power, In an experiment, power is a function of 1. The number o...

In an experiment, power is a function of 1. The number of variables being measured and the beta level 2. The effect size, internal validity and the beta level 3. The number of part

Explain interim analyses, Interim analyses : An analysis made before the pl...

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Ask quesoil company is considering whether or not to bid for an offshore drilling contract. If they bid, the value would be $600m with a 65% chance of gaining the contract. The com

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

Dorfman scheme, An approach to investigations designed to recognize a parti...

An approach to investigations designed to recognize a particular medical condition in the large population, usually by means of a blood test, which might result in the considerable

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