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This type of sampling is also known as chance sampling or probability where each and every item in the population has an equal change of inclusion in the sample and one of the possible samples in case of finite universe has the same probability of beings selected. In case of infinite population the selection of each item in a random sample is controlled by the same probability and that successive selection are independent of one another.
Two functions of Accounting. Accounting Purchase only: In the guides of Records only a transaction which is relevant to some cash value can be registered. Posting: The Expl
What is Degrees of Freedom : While comparing the calculated value of X2 with the table value we have to determine the degrees of freedom. By degrees of freedom we mean the number
A. A computer rejuvenation facility receives systems from the fleet at 24 systems/day (assume this is a Poisson process). It takes the triage function 30 minutes (assumed exponen
what are the advantages of a frequency distributions
. From the following cost, production and sales data of Decors Motor Ltd., prepare comparative income statement for three years under (i) absorption costing method, and (ii) margi
Q. What is Inference? Ans. Inference is the process of deriving conclusions based on facts or premises. We often make inferences based on the results of statistical studi
difference between histogram and historigram
What is a valuation account? In accounting, an assessment consideration is usually a stability sheet consideration that is used in combination with another stability sheet cons
What is owner’s equity? Owner’s value is one of the three primary elements of a single proprietorship’s stability piece and bookkeeping situation. Owner’s value symbolizes
For a normal distribution why do we calculate the probability of a range of numbers instead of the probability of a single number?
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