Statistics is the backbone of decision-making, Basic Statistics

Assignment Help:

1. (a) 'Statistics is the backbone of decision-making'. Describe.
    (b) 'Statistics is as good as the user'. Describe.

2.  Differentiate between the following with example.

(a) Inclusive and Exclusive limits.

(b) Discrete and Continuous data.

(C) Qualitative and Quantitative data

(d) Class intervalsand class limits . 


Related Discussions:- Statistics is the backbone of decision-making

Statsgraphic , need to define one statistic and calculate value

need to define one statistic and calculate value

Accounting, How does skewness affect different areas of accounting?

How does skewness affect different areas of accounting?

Estimate the parameters of the normal distribution, The sizes of 15 Califor...

The sizes of 15 California earthquakes are given below. 6.8   6.6  7.5  6.2  6.5  7.1  8.3  5.9  6.1  6.9  7.0  6.2  5.9  6.3  7.3 (a)  Assuming normal distribution for the s

Calculate income and substitution effects, In November 2010, every Mzumbe U...

In November 2010, every Mzumbe University student had an income of 150000/= per month,facing the price of meal (X) 1000/= and average price of other goods (Y) 1000/=.The initial ut

Qualitative features of financial, Conceptual Structure has also resolved s...

Conceptual Structure has also resolved several issues which were uncertain by sales expectations for some time. Activities and dealings that can't be worked by designed financial s

Amp-amplification law, Amp-amplification law The job of an amplifier is o...

Amp-amplification law The job of an amplifier is obviously to amplify, but the law it abides by isn’t so simple. Ultimately, the amplifier is comparable to a valve, in the sense

Relationship between mediation activity, Is there a relationship between me...

Is there a relationship between mediation activity and cooperation between two nations in conflict? A data set was assembled across 15 time periods. Both variables were measured on

Quantitative Technic management, How has quantitative analysis changed the ...

How has quantitative analysis changed the current scenario in the management world today?

Joy, Ask questio How many women must be randomly selected to estimate the m...

Ask questio How many women must be randomly selected to estimate the mean weight of women in one age group? We want 90% confidence that the sample mean is within 3.7 lbs of the po

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd