mba, Advanced Statistics

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

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Data screening, The initial evaluation of the set of observations to see wh...

The initial evaluation of the set of observations to see whether or not they appear to satisfy the hypotheses or assumptions of the methods to be used in their analysis. Techniques

Chance events, Chance events : According to the Cicero these are events whi...

Chance events : According to the Cicero these are events which occurred or will occur in ways which are the uncertain-events which may happen, may not happen, or may happen in some

Calculate the probability, (a) A plane timetable states that a particular p...

(a) A plane timetable states that a particular plane is due at 2pm but the actual arrival time isuniformly distributed between 1pm and 3pm. (i) Calculate the probability that th

Imprecise probabilities, Imprecise probabilities is a n approach used by s...

Imprecise probabilities is a n approach used by soft techniques in which uncertainty is represented by the closed, convex sets of probability distributions and the probability of

Explain initial data analysis (ida), Initial data analysis (IDA): The firs...

Initial data analysis (IDA): The first phase in the examination of the data set which comprises  number of informal steps including the following steps * checking the quality o

Ehrenberg''s equation, The equation linking the height and weight of the ch...

The equation linking the height and weight of the children between the ages of 5 and 13 and given as follows   here w is the mean weight in kilograms and h the mean height in

SCATTER DIAGRAM, MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM

MEANING ,IMPORTANCE AND RELEAVANCE OF SCATTER DIAGRAM

Estimation, The process of providing the numerical value for the population...

The process of providing the numerical value for the population parameter on the basis of information gathered from a sample. If a single ?gure is computed for the unknown paramete

Explain multicentre study, Multicentre study : The clinical trial conducte...

Multicentre study : The clinical trial conducted simultaneously in the number of participating hospitals, with all centres following an agreed-upon study of the protocol and with

Raking adjustments, Raking adjustments  is an alternative to the post strat...

Raking adjustments  is an alternative to the post stratification adjustments in the complex surveys which ensures that the adjusted weights of the respondents conform to each of th

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