quantitative techniques, Applied Statistics

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use of quantitative techniques in public sector

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Coefficient of variation, Coefficient of Variation or C.V. To compare t...

Coefficient of Variation or C.V. To compare the variability between or more series, coeffiecnt of variation is used, it is relative measure of dispersion, it innovated and used

Advantages of median, Advantages It is especially useful in c...

Advantages It is especially useful in case of open-end classes since only the position and not the values of items must be known. The median is also recommended if th

Calculate the one year interest rate, A.The coupon rate of Erie-Chicago Rai...

A.The coupon rate of Erie-Chicago Rail is 7%. The interest rate of Florida municipal bond with equal risk is 6%.  At what tax rate the two bonds are as good as each other B.Supp

Show a simple linear regression analysis, In the early 1990s researchers at...

In the early 1990s researchers at The Ohio State University studied consumer ratings of six fast-food restaurants: Borden Burger, Hardee's, Burger King, McDonald's, Wendy's, and Wh

Measures of dispersion, Other Measures of Dispersion In this section, ...

Other Measures of Dispersion In this section, we look at relatively less used measures of dispersion like fractiles, deciles, percentiles, quartiles, interquartile range and f

Mean absolute deviation, Mean Absolute Deviation To avoid the problem o...

Mean Absolute Deviation To avoid the problem of positive and negative deviations canceling out each other, we can use the Mean Absolute Deviation which is given by

Sample, types of sampling method

types of sampling method

Descriptive statistics for every stock, Simple Linear Regression One ca...

Simple Linear Regression One calculate of the risk or volatility of an individual stock is the standard deviation of the total return (capital appreciation plus dividends) over

Diversity of data for the age, The box plot displays the diversity of data ...

The box plot displays the diversity of data for the age; the data ranges from 19 being the minimum value and 60 being the maximum value. The box plot is positively skewed at 0.57 a

Probability and expectation, Ten balls are put in 6 slots at random.Then ex...

Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots

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