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"index number is an economic barometer" comment on this statement
Statistics Can Lead to Errors The use of statistics can often lead to wrong conclusions or wrong estimates. For example, we may want to find out the average savings by i
Sequential Sampling Under this method, a number of sample lots are drawn one after another from a universe depending on the results of the earlier samples. Such sampling is gen
Analysis of Variance for the data: Draw a random sample of size 25 from the following data : (a) With Replacement and (b) Without Replacement and obtain Mean and Varia
a) What is meant by secular trend? Discuss any two methods of isolating trend values in a time series.
According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample o
In a management class of 100 childerns' 3 languages are offered as an additional subject viz. Hindi, English and Kannada. There are 28 childrens taking Hindi, 26 taking Hindi and 1
A manufacturer has received complaints that aging production equipment is forcing workers to work overtime in order to meet production quotas. Historically, the average hours worke
If the sample size is less than 30, then we need to make the assumption that X (the volume of liquid in any cup) is normally distributed. This forces (the mean volume in the sam
Introduction to Probability A student is considering whether she should enroll in an MBA educational program offered by a well-known college. Among othe
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