Explain at least three statistical measures for variation and shape.
Three measures for shape :
1. Range : it defines the total spread of data, what will be the total span over which data values lie .
Range = maximum - minimum
2. Inter quartile Range = it gives the span over which the central 50% of values lie
3. Standard deviation : it is mostly used measure of spread and shape and define the spread as the square root of the mean of the squared deviations of the data from mean.
Explain at least three statistical measures for variation and shape.
Business Research: 1. Enumerate at least three statistical tools of Research Design and its uses. Explain atleast five pages 2. Give example for each statistical tool.
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In a statistical analysis, a variable of special interest, the variation of which we want to explain is called the: A) independent variable B) dependent variable C) specific variable D) constant ? Thanks!!
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Standard deviation versus coefficient of variation as measures of risk Greengage, Inc., a successful nursery, is considering several expansion projects. All of the alternatives promise to produce an acceptable return. Data on four possible projects appear in the following table ! a. Which project is least risky, judging on the basis of range? Data Table b. Which project has the lowest standard deviation? Explain why standard deviation may not be an entirely appropriate measure of risk for purposes of this...
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Please assist in solving all parts Standard deviation versus coefficient of variation as measures of risk Greengage, Inc., a successful nursery, is considering several expansion projects. All the alternatives promise to produce an acceptable return. Data on four possible projects appear in the following table: a. Which project is least risky, judging on the basis of range? b. Which project has the lowest standard deviation? Explain why standard deviation may not be an entirely appropriate measure of risk for purposes...