Simple example is the tossing of a fair (unbiased) coin. The higher the probability of an event, the more certain that the event will occur. Probability is quantifiedĪs a number between 0 and 1, where, loosely speaking, 0 indicates impossibility and 1 indicatesĬertainty. Probability is the measure of the likelihood that an event will occur. Find the probability that the selectedballs are. A bag contains 5 white, 6 red, 2 green and 2 black balls. Haphazard manner will lead t0 difficulties in the pr0cess 0f analysis, and wr0ngī. That the data sh0uld be c0llected in a systematic manner. It should be collected in a systematic manner- An0ther characteristic 0f statistics is F0r getting reas0nable standard 0f accuracy the field It must be enumerated or estimated accurately- As stated ab0ve that the statements Numerically expressed s0 that c0unting 0r measurement 0f data can be made p0ssible. It should be numerically expressed- A data t0 be called statistics sh0uld be Here we have t0 g0 f0r the effects 0f all the fact0rsĠn the phen0men0n separately as well as c0llectively, because effects 0f the fact0rsĬan change with change 0f place, time 0r situati0n It is effected by many causes- It is n0t easy t0 study the effects 0f 0ne fact0r 0nly by weight 0f a student 0r the death 0f a particular pers0n 0n a A single and is0latedįact 0r figure like, 60Kgs. T0 be called statistics must c0nsist 0f aggregate 0f certain facts. It consists of aggregates of facts- In the plural sense, statistics refers t0 data, but data The c0llecti0n, presentati0n and analysis 0f quantitative data and f0r the use 0f suchĭata in decisi0n making.” -Nctt0r and Washerman Statistics refers t0 the b0dy 0f technique 0r meth0d0l0gy, which has been devel0ped f0r
“Statistics are numerical statements 0f facts in any department 0f enquiry placed in The term ‘Statistics’ has been defined in tw0 senses, i.e. S0cial pr0blem, it is c0nventi0nal t0 begin with a statistical p0pulati0n 0r a statistical In applying statistics t0, e.g., a scientific, industrial, 0r Statistics is a branch 0f mathematics dealing with the c0llecti0n, analysis, interpretati0n, Mention the characteristics of Statistics. Q.1 Give the meaning of the word Statistics.
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SUBJECT CODE & NAME MBA 103- Statistics for Management
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SMU DRIVE SPRING 2017 MBA 103- Statistics for Management solved free assignment Information of sales price per unit of different commodities for two different years is given in following table-Ĭonstruct the Price Index taking 2010 as the base year and 2016 as the current year by following methods. Explain the meaning of Weighted Index Numbers.ī. Test whether the rate is significantly different due to workers and machines.Ī. Table given below depicts the data on production rate by five workmen on four machines. What Do you mean by Sampling? Describe various Probability and Non- Probability Sampling Methodsī. Find the probability that the selected balls are. Two balls are selected at random from the bag.
Mention the characteristics of Statistics.ī. Each question is followed by evaluation scheme. Kindly note that answers for 10 marks questions should be approximately of 400 words. Average of both assignments marks scored by you will be considered as your IA marks. You have to answer all questions in both sets and submit as one document. Note –The Assignment is divided into 2 sets.
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