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Uses
Arithmetic mean is widely used because of the following reasons:
Mean is the simplest average to understand and easy to compute.
It is relatively reliable in the sense that it does not vary too much when repeated samples are taken from one and the same population, at least not as much as some other kind of statistical descriptions.
The mean is typical in the sense that it is the center of gravity balancing the values on either side of it.
a) What is meant by secular trend? Discuss any two methods of isolating trend values in a time series.
Waht is the product of £ x
Ten balls are put in 6 slots at random.Then expected total number of balls in the two extreme slots
#quesgraphical representation of data
Advantages By definition, mode is the most typical or representative value of a distribution. Hence, when we talk of modal wage, modal size of shoe or modal size of family i
Melissa Bakery is preparing for the coming thanksgiving festival. The bakery plans to bake and sell its favourite cookies; butter cookies, chocolate cookies and almond cookies. A k
Applications of Standard Error Standard Error is used to test whether the difference between the sample statistic and the population parameter is significant or is d
1. Definition of decision tree, 2. Feature of decision theory problem
the two regrassion line will pass through the point (x,y)
Agreement The degree to which different observers, raters or diagnostic the tests agree on the binary classification. Measures of agreement like that of the kappa coefficient qu
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