ipl-logo

Advantages And Disadvantages Of Statistics

952 Words4 Pages

RESEACH ASSIGNMENT MBA I Sem. (1st Shift Sec. B) September, 2016 Paper Code: MS-103 Subject: Decision Sciences Max. Marks: 10 Batch : 2016-18 Roll number- 41015903916 Q. Define statistic. Bring out the applications of Statistics in economic and business administration. Also point out any two limitations of statistics. Ans. The practice or science of collecting and annalysing numerical data in large quantities, especially for the purpose of inferring propotions in a whole from those in a representative sample. A collection of quantitative data is called statistics . The origin of the word statistics may be traced to the latin word ‘status’ or the italian word ‘statista’ from or the german word ‘ statistics’ meaning political state. As time progressed the idea behind the word statistics has undergone a phenomenal change. Today statistics as a separate discipline from mathematics is closely associated with almost all branches of education and human endeavour which are mostly numerically representable. Statistics refers to classified facts that represents the conditions of the people in a state especially those facts which can be stated in numbers or in any tabular or classified arrangements . One of the widely accepted definitions came from Horace secrets. He defines that By statistics we mean aggregate of facts , affected to a marked extent by a multiplicity of causes

Show More
Related

  • Hrm/531 Week 4 Paper

    903 Words  | 4 Pages

    Understanding statistics will give me the ability to make better organizational

    Read More

  • Review Of Nate Silver's The Signal And The Noise

    1067 Words  | 5 Pages

    Silver efficiently uses many different examples in order to illustrate the central point of that statistics is all about context, without context the data means nothing. A particularly poignant example is the entire situation of terrorism. In the book, Silver points that terrorism is quite similar to the logarithmic scale of seismology (logarithmic means that each value after each previous value is ten times higher than the previous value). This is particularly striking because it makes an example of saying that if the events of 9/11 were an 8 on the scale, what would a 9 be? Silver’s usage of all these examples such as poker, baseball, climate change, and financial markets gives it a universal appeal as almost all of the U.S. population can relate to the examples he presents in the book.

    Read More

  • Psy 315 Week 3 Study

    676 Words  | 3 Pages

    investigating the difference in results of using two different types of plant food Ans: identification of Relationship because trying to identify difference between two types of food. h. calculating the mean score on a final exam for a class of 100 students Ans: data reduction because trying to reduce everything and shows meaningful part. i. studying whether exposure to a certain type of chemical results in more frequent cancer diagnoses Ans: Inference because it tries to conclude how certain types of chemical results in more frequent cancer diagnoses. 3. Tell which type of sampling is used (random, cluster, systematic, convenience, and stratified and give clear reasons to support your answer.

    Read More

  • Deregulation Is Falling Texas Student By Charles Schwertner

    930 Words  | 4 Pages

    A statistic is quantitative or statistical evidence such as graphs, tables, or number. Yep Schwertner is really putting forth effort to win over his argument and show that this is a huge problem that should be solved. Schwertner informs that “since 2003, tuition and fees at Texas public universities have more than doubled” and that tuition “has increased an outstanding 222 percent” (Par 7). Schwertner uses this statistic to back up his testament that the Texas legislature made a huge mistake in letting public universities in setting their own rates. Since then student loans have increased over 200 percent which is basically like paying for almost three students.

    Read More

  • Health And Social Care Level 3 Unit 3 P3

    1269 Words  | 6 Pages

    Quantitative research is the collection of data. Individuals carrying

    Read More

  • Annotated Bibliography

    1236 Words  | 5 Pages

    Limitations also included statistical and

    Read More

  • Jehovah's Witnesses During The Holocaust

    572 Words  | 3 Pages

    The project shows that many historical statistics are estimates based on whatever information can be pieced together, not extremely precise figures recorded as the historical event in question

    Read More

  • Influenza Vaccination

    598 Words  | 3 Pages

    One aspect of public health research method that I learned is that measurement is central to quantitative research because it provides the fundamental connection between empirical observation and mathematical expression of quantitative relationships. I also learned that the goals and techniques associated with probability samples differ from those of nonprobability samples. If we want to get results that are valid for the whole study population, we should know how to draw a sample in such a way that it is representative of that population. But it is not necessarily that nonprobability samples are not representative of the population. It means that nonprobability samples cannot depend upon the rationale of probability

    Read More

  • Analysis Of Why We Should Keep The Confederate Monuments Right Where They Are By John Daniel Davidson

    520 Words  | 3 Pages

    In the text, there are many instances where statistical evidence is used to help back Davidson’s point. Using this method of evidence gains the readers by presenting interesting findings. The use of statistics

    Read More

  • Pt1420 Unit 3

    465 Words  | 2 Pages

    UNIT I JAVA PROGRAMMING Data Types, Variables and Arrays 1. Automatic type conversion in Java takes place when a. Source and destination type are compatible and size of destination type is shorter than source type. b. Source and destination type are compatible and size of destination type is equal of source type. c. Source and destination type are compatible and size of destination type is larger than source type.

    Read More

  • How Does Florence Kelley Use Rhetoric

    583 Words  | 3 Pages

    Now that's only one of the times Florence Kelley uses statistics. She uses statistics again in this next quote. “Children 13 years of age to work twelve hours at night”(47). Florence kelley is now producing a scenario where the child is working at night harsh and cold for a total of twelve hours which is half of the day doing nothing but work. We have gone through ⅔ of the ways Florence Kelley has used rhetoric.

    Read More

  • The Pros And Cons Of Psychological Research

    1861 Words  | 8 Pages

    Introduction Psychological research and its findings have profound impact on people, relationships, and institutions in our society (Willig, 2013). However, as any other study, psychological researchers are faced with enormous limitations including inappropriate designs or methodologies due inadequacy of professionals (Wang, et al., 2015), geographical differences that impacts on generalizations (Smith, 2015), and time pressure that negatively affects the quality of a research (Punch, et al., 2014). Language barrier and lack of literature or poorly done review are other factors that affect psychological research (Willig, 2013). Limitations Limited number of professionals in the psychological research is one of the key limitations to this field of study. Psychological research depends on observations, experimentation, and evidence, hence the need for critical methodological designs (Shipman, 2014).

    Read More

  • Disadvantages Of Psychometric Tests

    1530 Words  | 7 Pages

    'A psychological test is any procedure on the basis of which inferences are made concerning a person 's capacity, propensity or liability to act, react, experience, or to structure or order thought or behaviour in particular ways ' (The British Psychological Society). The psychometric tests which companies make use of when selecting among job applicants have the potential to provide us with information about the kind of skills which employers are really looking for and they do provide additional information to that available in skill surveys. Psychometric tests are most likely to be used for managerial and graduate vacancies, and are seldom used for manual vacancies. The costs of these tests are substantial. This implies that

    Read More

  • Fashion Management Personal Statement

    997 Words  | 4 Pages

    I also had the opportunity to work with statistical tools, such as Stata and R, as part of my ‘Learning from Quantitative Data’ and ‘Statistical Data and Analysis’ modules. The subject ‘Sample Surveys and Experiments’ required me to collect and work with real data to produce a comprehensive report on my findings. These modules gave me the qualitative and quantitative skills required to critically analyse research findings, which will be useful for the Research Methods unit and the

    Read More

  • Math 1280 Unit 4 Assignment

    1600 Words  | 7 Pages

    (n.d.). Dictionary.com Unabridged. Retrieved February 12, 2018, from Dictionary.com website http://www.dictionary.com/browse/sepal Yakir, B. (2011). “Introduction to Statistical Thinking” (With R, Without Calculus). Jerusalem, IL:

    Read More

More about Advantages And Disadvantages Of Statistics

Open Document