...An assignment on Business statistics Submitted To: Nurun Nahar Department of Business Administration Northern University of Bangladesh Submitted By: Section: A Name | ID | Md. Ariful Islam | BBA120104462 | Md. Faruk Hossen | BBA11034268 | Md. Emran Hossen | BBA110304312 | Md. Mizanur Rahman | BBA11034254 | Date of submission: 17th September 2013 Definitions of statistics Singular sense Statistics can be defined in two sense i.e. singular and plural. In singular sense it may be defined as the various methods and techniques for attaining and analyzing the numerical information. Different economists have different view about statistics. According to Boddingtons Statistics is, “the science of estimates and probabilities”. The techniques and method means the collection of data, organization, presentation, analysis and interpretation of numerical data: Plural sense a plural sense, statistics means the aggregates of numerical facts collected systematically. The most popular and acceptable definition is given by Horace and Secrist. According to them, “Statistics means the aggregate of face affected to a market extent by multiplicity of course, numerically expressed, enumerated or estimated according to reasonable standard of accuracy collected in a systematic manner for pre-determined purpose and placed in relation to each other.” Definitions by A.L. Bowley: Statistics are numerical statement of facts in any department of enquiry placed in relation to each other...
Words: 631 - Pages: 3
...Please either complete section below or affix Barcode Label here: NB: This label shows Course Code; Course Name and assessment item number. Course Code: IBA134 Course Name: Business Statistics Due Date: 11 / 08 / 13 Assessment Item #: 2 Enrolment: External On Campus Campus (enrolled): Course Tutor: Ms Lucille Wong Course Convenor: Professor E Selva Selvanathan ASSESSMENT COVER SHEET DATE RECEIVED Postmark: / / Please provide your STUDENT NUMBER or affix Student Barcode Label here: Student Name: JL ACADEMIC INTEGRITY DECLARATION Breaches of academic integrity (cheating, plagiarism, falsification of data, collusion) seriously compromise student learning, as well as the University’s assessment of the effectiveness of that learning and the academic quality of the University’s awards. All breaches of academic integrity are taken seriously and could result in penalties including failure in the course and exclusion from the University. Students should be aware that the University uses text-matching software to safeguard the quality of student learning and that your assignment will be checked using this software. I acknowledge and agree that the examiner of this assessment item may, for the purpose of marking this assessment item: reproduce this assessment item and provide a copy to another Griffith staff member; and/ submit this assessment item to a text-matching...
Words: 2938 - Pages: 12
...Question 1 a) Independent variable is advertising. Dependent variable is sales. The scatter plot shows that there is a positive relationship between amount spent on advertising and sales b) Sales= -4.9913+0.1227(advertising) c) For every additional dollar spent on advertising we can expect sales to increase by an average of 0.1227 dollars d) 0.87092 87% of variance in sales is predictable by amount spent on advertising. e) No. The histogram of residuals is evenly distributed around zero. Most error are at or close to zero f) Yes. Points in the residual plot is lying on a curve around zero. A pattern is seen. (Cheng-Few, John, Alice, 2013, p.800). This indicates that the model is not satisfactory. g) -4.9913+0.1227*90000 =$11038.0087 h) H0: p=0, H1: p ≠0 at α= 0.05 p-value= 5.68×10-14 If p-value is less than α reject H0 P-value < 0.05. This means that the probability that the observed results are due to random choice is low. So reject null hypothesis (H0) Conclusion: At the 5% significance level there is evidence of linear association between advertising expenditure and sales. i) b± t*( sb ) (see appendix 1 ) =0.1227 ± (2.048* 0.0089) = (0.104, 0.141) It could be as low as 0.104 or as high as 0.141 A=8, B= 90, C=3, D=40, E=9.7327, F= 1.9759, G= 4.8247, H=-2.8247, I=6.2971 (See Appendix 2) A=8, B= 90, C=3, D=40, E=9.7327, F= 1.9759, G= 4.8247, H=-2.8247, I=6.2971 (See Appendix 2) j) Question 2 a) =...
Words: 629 - Pages: 3
...[pic] TUGAS 1 STATISTIK BISNIS BAGAS ANINDITO SATYABHAKTI DOSEN PENGAMPU MATA KULIAH Dr. Moch. Mashuri, MT. BIDANG KEAHLIAN MANAJEMEN INDUSTRI PROGRAM MAGISTER MANAJEMEN TEKNOLOGI INSTITUT TEKNOLOGI SEPULUH NOPEMBER SURABAYA 2014 |Week |Amount of Ink (kg) |Month | |1 |10 |January | |2 |50 | | |3 |100 | | |4 |100 | | |5 |150 |February | |6 |150 | | |7 |150 | | |8 |200 | | |9 |200 |March | |10 |200 | | |11 |250 | | |12 |250 | | |13 |200 | | |14 |250 |April | |15 |200 | | |16 |250 | | |17 |300 | | |18 |350 |May | |19 |350 | | |20 |350 | | ...
Words: 476 - Pages: 2
...BADB2013 BUSINESS STATISTICS Semester : September2014 Course Leader : Zainora Hayat Hudi @ Jahit Office Location : Faculty of Business and Information Technology Level 12, Tierra Crest, Jalan SS6/3 Kelana Jaya, 47301 Petaling Jaya, Selangor Telephone : 603-76277388 E-mail : zainora@unitar.my Consultation Hours : Wednesday 2.30pm – 4.30pm, Thursday 2.30pm-4.30pm OR by appointment Course Synopsis Business Statistics is the science of collecting, organizing, and summarizing data to provide information, stated in numerical form, for the purpose of making objective business decisions. Descriptive statistics will be the focus of the course with an abbreviated introduction to inferentialstatistics. Topics include the foundations of statistical methods of sampling, classifying, analyzing, and presenting numerical data; frequency and sampling distributions, averages, dispersion, hypothesis testing, and analyzing up to two populations and population proportions. The course will employ the use of an online statistics learning system for problem assignments, in conjunction with the text and lectures, in completing course coverage of each statistics topic. Course Objectives The goal of this course is to introduce students to the applications of statistics in business. Students should be able to appreciate the need for learning statistics and its importance in the real life business applications Learning Outcomes At the end of the course, students are able: 1. Prepare...
Words: 670 - Pages: 3
...Institute of Management Sciences Peshawar Bachelors in Business Studies Course Plan Course Title: Statistics for Business Instructor: Shahid Ali Contact Email shahid.ali@imsciences.edu.pk Semester/Duration: 16 Weeks Course objectives : To introduce students to the concepts of statistics and to equip them with analytical tools to be used in business decision making. The course is intended to polish the numeric ability of the students to identify business problems, describe them numerically and to provide intelligible solutions by data collection and inferential principles. Course pre-requisites Intermediate statistics Attendance Policy: Late arrivals are highly discouraged. Any student coming late to a class late by 5 minutes after the scheduled start time will be marked as absent for the day. The teacher reserves discretion, however, to allow or disallow any student, to sit in the class in case of late arrivals. Attendance is not be entertained once the attendance register is closed. Class Project Students will be divided in groups for a class project. Each group will have to nominate a group leader. The details of the project will be made available to the group leader. Class Presentations Each student will have to make at least one individual presentation and one group presentation in the class. The group presentation will be on the project explained earlier. The individual presentations will...
Words: 1059 - Pages: 5
...Everett University Standard GPS Business and Gen Ed Syllabus |REGION |Central Virginia | |INSTRUCTOR |Dr. Edward Olanrewaju | |COHORT NUMBER |MBA 3174 | |COURSE NUMBER |BSA -518 | |COURSE TITLE |Business Research and Applications | |MEETING DATES |1/20/2016, 1/27, 2/03, 2/10, 2/17, 2/24, 03/02, 03/09, 03/16, 03/23 | |CLASS MEETING TIMES |6:00PM to 10:00PM | |LOCATION |Innsbrook/122 | |CONSULTATION HOURS |By Appointment | |PHONE...
Words: 6895 - Pages: 28
...Course Syllabus RES/341 RESEARCH AND EVALUATION I Welcome to RES/341, let’s do everything we can to ensure that the next six weeks will be an enlightening and enjoyable learning experience for all of us. Please print a copy of this syllabus for handy reference. Whenever there is a question about what assignments are due, this syllabus is considered the ruling document. Classroom Management Policies Breaks in the On Campus classes will be when deemed necessary. Please leave the classroom clean. Phones: Turn them off or keep them in silent mode. ***DO NOT answer the phone in the classroom. Laptop/notebook computers: If I determine the use of a laptop during class time is disruptive behavior that hinders or interferes with the educational process, you will be required to turn it off. Technical Support Technical Support is available 24 hours a day, 365 days a year. Call 1-877-832-4867, or use the e-mail support form. For answers to the most common issues, go to “Knowledge Base” by clicking Help, found at the top of every student Web site. Course Description See eCampus. Course Topics & Objectives See eCampus. Course Materials See eCampus. Participation In an intensive, collaborative learning environment such as that of University of Phoenix, class attendance is perhaps the most obvious and objective starting point as a measure for participation. If you are not in attendance, you miss out on many opportunities for learning. Consequently, if you...
Words: 3437 - Pages: 14
...Introduction to Statistics QTM403 Basic Information Program | BBA 3 (Hons.) | Semester | Fall 2015 | Credit Hours | 3 | Pre requisites (if any) | Mathematics | Resource Person | Iftikhar Hussain | Contact information | ihgrw85@gmail.com | Course Description: Important decisions are rarely made by intuition alone. We need to use the data to develop our insights and to support our analysis. Quantitative analysis includes the tools and techniques with which we seek to replicate reality mathematically and statistically. Statistical Techniques are applied in all the functions of business like Operations, Marketing, HR, Finance etc. The aim of this course is to learn when a technique is appropriate and what it can achieve. The emphasis throughout the course is on concepts and reasoning rather than technical details. You should acquire some basic data analysis skills but most importantly, become a more informed and critical producer and user of business Statistical analyses. Learning Objectives: Ser. # | Course Learning Objectives | Link with Program Learning Objectives | 1 | To understand the basic concepts and principles used in Business Statistics. | To inculcate business knowledge and analytical skills in graduates to think decisively in order to develop innovative solutions to problems in a business environment. | 2 | Organizing qualitative and quantitative data into a frequency table, displaying the data through charts...
Words: 1330 - Pages: 6
...ECOM90009 Quantitative Methods for Business SUBJECT GUIDE Second Semester, 2012 Prepared by: Dr. Michael Coelli Department of Economics Faculty of Business and Economics Contents Contents ...................................................................................................................................... 2 Subject Outline ........................................................................................................................... 3 Introduction ............................................................................................................................ 3 Subject Aims .......................................................................................................................... 3 Prescribed References ............................................................................................................ 3 Learning Outcomes .................................................................................................................... 3 Subject Objectives .................................................................................................................. 3 Generic Skills ......................................................................................................................... 4 Awareness Issues.................................................................................................................... 4 Prerequisites ......................................................
Words: 3953 - Pages: 16
...BUSINESS SCHOOL Unit of Study Outline Unit Code QBUS5001 Unit Title Quantitative Methods for Business Semester 2, 2013 Pre-requisite Units: None Co-requisite Units: None Prohibited Units: ECMT5001, QBUS5002 Assumed Knowledge and/or Skills: Basic calculus, basic concept of probability and statistics Unit Coordinator: Dr Boris Choy Address: Room 482, Merewether Building(H04), The University of Sydney NSW 2006 Email: boris.choy@sydney.edu.au Phone: 0293512787 Consultation Hours: Mondays 2pm-3pm at Room 482, H04 Class Day(s): Thursdays 6pm-9pm at Merewether Lecture Room 5, H04 Required Text / Resources: 1. Textbook: Selvanathan E.A., Selvanathan, S & Keller, G. (2011) Business Statistics, Australia & New Zealand 5th Edition. CENGAGE Learning. www.cengage.com.au/selvanathan5e 2. Online resources: Blackboard and Aplia 3. Software: MS Excel with Data Analysis Plus add-in This Guide to Unit Learning Content and Assessment MUST be read in conjunction with the Business School Student Administration Manual for information about all processes (sydney.edu.au/business/currentstudents/student_information/student_administration_manual) and the Business School unit of study common policy and implementation information that apply to every unit of study offered by the Business School (http://sydney.edu.au/business/currentstudents/policy). In determining applications and appeals relating to these matters it will be assumed that every student has taken the time to familiarise themselves...
Words: 3798 - Pages: 16
... | | | |6:00pm to 10:00pm | | | |School of Business | | | |QNT/351 | | | |Quantitative Analysis for Business | | | |Dr. Jacquelyn B. Frausto | | Copyright © 2013, 2012, 2011 by University of Phoenix. All rights reserved. Course Description This course integrates applied business research and descriptive statistics. Students will learn to apply business research and descriptive statistics in making better business decisions. Other topics include examination of the role of statistics in research, statistical terminology, the appropriate use of statistical techniques, and interpretation of statistical findings in business and research. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged...
Words: 3466 - Pages: 14
...PSC 495 Business Proposal Project Summary Click Link Below To Buy: http://hwcampus.com/shop/psc-495-business-proposal-project-summary/ The purpose of this assignment is to begin drafting an internal business proposal that outlines how you will implement the solution to the problem you have identified in your organization. There are several parts to this assignment, and each part has been explained and briefly outlined in the "Business Proposal Project Summary" document in the Course Materials. That document should be used as a guide to assist you with constructing key elements of the proposal. Word count guidelines are provided for each section of the business proposal. For this assignment, you will complete the Purpose Statement, Problem Statement, Data and Research Findings, Proposed Solution, Stakeholder Analysis and Benefits, and Implementation Methods sections of the Business Proposal. Much of this content has been generated in the Topic 1-4 assignments, as noted below. 1. Purpose Statement (100-250 words) provides clear statement of why the business proposal is being made. 2. Problem Statement(revised as needed from Topic 1 assignment feedback) including specific data (statistics and numbers) related to how the problem impacts the business. This part of the proposal should include the graph/chart/data you collected in Part 1 of the Topic 2 assignment. 3. Data and Research Findings(250-500 words) should include a summary of what you learned from conducting research...
Words: 551 - Pages: 3
...auditor for American Health Insurance reports that 20% of policyholders submit a claim during the year. 15 policyholders are selected randomly. What is the probability that at least 3 of them submitted a claim the previous year? 3. When a class interval is expressed as 100 up to 200, _________________________. 4. A coffee manufacturer is interested in whether the mean daily consumption of regular-coffee drinkers is less than that of decaffeinated-coffee drinkers. A random sample of 50 regular-coffee drinkers showed a mean of 4.35 cups per day, with a standard deviation of 1.2 cups per day. A sample of 40 decaffeinated coffee drinkers showed a mean of 5.84 cups per day, with a standard deviation of 1.36 cups per day. What is your computed z-statistic? 5. You perform a hypothesis test at the .05 level of significance. Your computed p-value turns out to .042. What is your decision about the hypothesis? 6. In a distribution, the second quartile corresponds with the __________. 7. The MacBurger restaurant chain claims that the waiting time of customers for service is normally distributed, with a mean of 3 minutes and a standard deviation of 1 minute. The quality-assurance department found in a sample of 50 customers at the Warren Road MacBurger that the mean waiting time was 2.75 minutes. When you perform a test of hypothesis, what would be the resulting p-value? 8. The first card selected from a standard 52-card deck was a king. If it is returned to the deck, what is the probability...
Words: 7155 - Pages: 29
...| Syllabus School of Business QNT/TM561 Version 2 Research and Statistics for Process Control | Copyright Copyright © 2009, 2005 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Course Description This course prepares graduate students to apply statistics and probability concepts to business decisions in organizations that focus on process improvement. Students learn criteria for developing effective research questions, including the creation of appropriate sampling populations and instruments. Other topics include descriptive statistics, probability concepts, confidence intervals, sampling designs, data collection, and data analysis—including parametric and nonparametric tests of hypothesis and regression analysis. Policies Students/learners will be held responsible for understanding and adhering...
Words: 2122 - Pages: 9
