Business statistics takes the data analysis tools from elementary statistics and applies them to business. For example, estimating the probability of a defect coming off a factory line, or seeing where sales are headed in the future. Many of the tools used in business statistics are built on ones you’ve probably already come across in basic math: mean, mode and median, bar graphs and the bell curve, and basic probability. Hypothesis testing (where you test out an idea) and regression analysis (fitting data to an equation) builds on this foundation.
Business statistics takes the data analysis tools from elementary statistics and applies them to business. For example, estimating the probability of a defect coming off a factory line, or seeing where sales are headed in the future. Many of the tools used in business statistics are built on ones you’ve probably already come across in basic math: mean, mode and median, bar graphs and the bell curve, and basic probability. Hypothesis testing (where you test out an idea) and regression analysis (fitting data to an equation) builds on this foundation.
Business statistics takes the data analysis tools from elementary statistics and applies them to business. For example, estimating the probability of a defect coming off a factory line, or seeing where sales are headed in the future. Many of the tools used in business statistics are built on ones you’ve probably already come across in basic math: mean, mode and median, bar graphs and the bell curve, and basic probability. Hypothesis testing (where you test out an idea) and regression analysis (fitting data to an equation) builds on this foundation.
Business statistics takes the data analysis tools from elementary statistics and applies them to business. For example, estimating the probability of a defect coming off a factory line, or seeing where sales are headed in the future. Many of the tools used in business statistics are built on ones you’ve probably already come across in basic math: mean, mode and median, bar graphs and the bell curve, and basic probability. Hypothesis testing (where you test out an idea) and regression analysis (fitting data to an equation) builds on this foundation.
In this chapter you learn:
Definition of Statistics & Identify variables in a statistics.
Types of Statistics
Distinguish b/w quantitative & qualitative variables.
Determine the 4 levels of measurement.
Identify populations & samples.
Distinguish different types of Sampling
In this chapter you learn:
Definition of Statistics & Identify variables in a statistics.
Types of Statistics
Distinguish b/w quantitative & qualitative variables.
Determine the 4 levels of measurement.
Identify populations & samples.
Distinguish different types of Sampling
In this chapter you learn:
Definition of Statistics & Identify variables in a statistics.
Types of Statistics
Distinguish b/w quantitative & qualitative variables.
Determine the 4 levels of measurement.
Identify populations & samples.
Distinguish different types of Sampling
In this chapter you learn:
Definition of Statistics & Identify variables in a statistics.
Types of Statistics
Distinguish b/w quantitative & qualitative variables.
Determine the 4 levels of measurement.
Identify populations & samples.
Distinguish different types of Sampling
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
Culturally, the Romans were eclectic, absorbing and adapting elements from the civilizations they encountered, particularly the Greeks. Roman art, literature, and philosophy reflected this synthesis, creating a rich cultural tapestry. Latin, the Roman language, became the lingua franca of the Western world, influencing numerous modern languages.
Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
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2. Uses of Statistics
1. Statistics is one of the tools used to make
decisions in business.
2. We apply statistical concepts in our lives.
3. As a student of business or economics, it is
important to have a basic knowledge of
statistics and the skills to organize, analyze,
transform, and present the data.
LO1-1 Explain why knowledge of
statistics is important.
3. Why Study Statistics?
1. Numerical information is everywhere.
2. Statistical techniques are used to make decisions that affect
our daily lives.
3. The knowledge of statistical methods will help you
understand how decisions are made and give you a better
understanding of how they affect you.
No matter what line of work you select, you will find yourself
faced with decisions where an understanding of data analysis
is helpful.
LO1-1
4. Who Uses Statistics?
Statistical techniques are used extensively by
marketing, accounting, quality control,
consumers, professional sports people, hospital
administrators, educators, politicians,
physicians, etc.
LO1-2 Define statistics and provide an
example of how statistics is applied.
5. Types of Statistics – Descriptive
and Inferential Statistics
Descriptive Statistics - methods of organizing,
summarizing, and presenting data in an informative way
EXAMPLE 1: There are a total of 46,837 miles of interstate highways in the United
States. The interstate system represents only 1% of the nation’s total roads but
carries more than 20% of the traffic. The longest is I-90, which stretches from
Boston to Seattle, a distance of 3,099 miles.
EXAMPLE 2: The average person spent $103.00 on traditional Valentine’s Day
merchandise in 2013. This is an increase of $0.50 from 2012.
LO1-3 Differentiate between descriptive
and inferential statistics.
6. Types of Statistics – Descriptive
and Inferential Statistics
Inferential Statistics - A decision, estimate,
prediction, or generalization about a population
based on a sample.
Note: In statistics the word population and sample have a broader
meaning. A population or sample may consist of individuals or
objects.
LO1-3
7. Population versus Sample
A population is a collection of all possible individuals, objects, or
measurements of interest.
A sample is a portion, or part, of the population of interest.
LO1-3
8. Why take a sample instead of studying
every member of the population?
1. Prohibitive cost of census
2. Destruction of item being studied may be
required
3. Not possible to test or inspect all members
of a population being studied
LO1-3
9. Usefulness of a Sample in Learning
about a Population
Using a sample to learn something about a
population is done extensively in business,
agriculture, politics, and government.
EXAMPLE: Television networks constantly monitor the
popularity of their programs by hiring Nielsen and
other organizations to sample the preferences of TV
viewers.
LO1-3
10. Types of Variables
A. Qualitative or attribute variable - the characteristic
being studied is nonnumeric
EXAMPLES: Gender, religious affiliation, type of automobile owned,
state of birth, eye color
B. Quantitative variable - information is reported
numerically
EXAMPLES: balance in your checking account, minutes remaining in
class, or number of children in a family
LO1-4 Classify variables as qualitative or
quantitative, and discrete or continuous.
11. Quantitative Variables -
Classifications
Quantitative variables can be classified as either discrete or
continuous.
A. Discrete variables can only assume certain
values and there are usually “gaps” between values.
EXAMPLE: the number of bedrooms in a house or the number of
hammers sold at the local Home Depot (1,2,3,…,etc.)
B. Continuous variables can assume any value within
a specified range.
EXAMPLE: the pressure in a tire, the weight of a pork chop, or the height of
students in a class
LO1-4
13. Four Levels of Measurement
Nominal level - data that is classified into
categories and cannot be arranged in
any particular order
EXAMPLES: eye color, gender, religious affiliation
Ordinal level – data arranged in some
order, but the differences between
data values cannot be determined or
are meaningless
EXAMPLE: During a taste test of 4 soft drinks,
Mellow Yellow was ranked number 1, Sprite
number 2, Seven-up number 3, and Orange
Crush number 4.
Interval level - similar to the ordinal level,
with the additional property that
meaningful amounts of differences
between data values can be determined.
There is no natural zero point.
EXAMPLE: temperature on the Fahrenheit scale
Ratio level - the interval level with an
inherent zero starting point. Differences
and ratios are meaningful for this level of
measurement.
EXAMPLES: monthly income of surgeons, or distance
traveled by manufacturer’s representatives per
month
LO1-5 Distinguish between nominal, ordinal,
interval, and ratio levels of measurement.
15. Ordinal-Level Data
Properties:
1. Data classifications are
represented by sets of labels or
names (high, medium, low) that
have relative values.
2. Because of the relative values, the
data classified can be ranked or
ordered.
LO1-5
16. Interval-Level Data
Properties:
1. Data classifications are ordered according to the amount of the
characteristic they possess.
2. Equal differences in the characteristic are represented by equal
differences in the measurements.
Example: Women’s dress sizes
(as shown in the table to the right)
LO1-5
17. Ratio-Level Data
• Practically all quantitative data is recorded on the ratio level
of measurement.
• Ratio level is the “highest” level of measurement.
Properties:
1. Data classifications are ordered according to the amount of the
characteristics they possess.
2. Equal differences in the characteristic are represented by equal
differences in the numbers assigned to the classifications.
3. The zero point is the absence of the characteristic and the ratio between
two numbers is meaningful.
LO1-5
18. Why is the Level of Measurement
Important?
1. The level of measurement dictates the
calculations that can be done to summarize
and present the data.
2. It is used to determine the statistical tests
that should be performed on the data.
LO1-5
19. Summary of the Characteristics for
Levels of Measurement
LO1-5
20. Ethics and Statistics
• Practice of statistics should be based on
integrity and honesty when:
1. Collecting data
2. Analyzing data
3. Reporting results and conclusions based on the
data
LO1-6 List the values associated
with the practice of statistics.