Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

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 . 

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9530297

Have any Question?


Related Questions in Statistics and Probability

Should you perform a log transformation on a categorical

Should you perform a log transformation on a categorical (nominal) variable, or can you only do that for continuous variables?

Billy currently has 500 in an account that earns 12 apr

Billy currently has $500 in an account that earns 12% APR, compounded monthly. Assuming he doesn't withdraw any of the funds, how much will his balance be in 6 years?

Next time you see an elderly man check out his nose and

Next time you see an elderly man, check out his nose and ears! While most parts of the human body stop growing as we reach adulthood, studies show that noses and ears continue to grow larger throughout our lifetime. In o ...

1 explain the meaning of the following termslocation

1) Explain the meaning of the following terms: Location Quotient Coefficient of Specialization Coefficient of Localization 2) Explain and contrast the z-score and the coefficient of variation. 3) Define and describe the ...

Assume that the car lot contains 25 percent porches 35

Assume that the car lot contains 25 percent Porches, 35 percent BMWs, and 40 percent Volvos. Of the Porches, 20 percent have navigation systems, 90 percent of the BMWs have navigation systems, and 70 percent of the Volvo ...

Waterton lakes national park in alberta has 6 trails that

Waterton Lakes National Park in Alberta has 6 trails that reach the icefields. If a hiker wishes to reach the icefields in 3 different ways during a visit, how many different possibilities would there be?

Letnbspxnbspbe a random variable that represents the ph of

Let  x  be a random variable that represents the pH of arterial plasma (i.e., acidity of the blood). For healthy adults, the mean of the  x  distribution is  μ  = 7.4.† A new drug for arthritis has been developed. Howeve ...

We want to estimate the mean weight of all 7thnbspgrade

We want to estimate the mean weight of all 7th grade boys in a city. It is not known whether the distribution of the weights is normal or not. Suppose we have a random sample of 64 boys from 7th grade from that city and ...

A sample of 100 randomly selected students found that the

A sample of 100 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.68. What is the Standard Deviation of the sampling distribution?

A using an hp 12c calculator what are the correct steps to

a) Using an hp 12c calculator, what are the correct steps to calculate IRR entered as monthly payments and if summed up for a year? b) Using an hp 12c calculator, what is the best way to calculate effective interest rate ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As