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BUSS1020 Quantative Business Analysis Notes

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Course notes for Quantative Business Analysis (BUSS1020) Essentially Statistics (MATH1005) but related to Businesses.

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48 Pages Complete Study Notes < 1 Year old
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Topics this document covers:
Descriptive statistics Probability and statistics Data analysis Summary statistics Moment Means Probability distribution Median Random variable Skewness Variance Standard deviation Adrian Simadibrata
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Topics this document covers:
Descriptive statistics Probability and statistics Data analysis Summary statistics Moment Means Probability distribution Median Random variable Skewness Variance Standard deviation Adrian Simadibrata
Sample Text:
• Inferential statistics: methods that use the data collected from a small group to draw conclusions about a larger group. • Predictive statistics: methods that use a model and data to make forecasts of outcomes. Uses of statistics in business: 1. Visualise and summarize data. 2. Reach conclusions about a larger group based on data collected from a smaller group. 3. Make reliable forecasts that are based on statistical models for prediction. 4. Improve business processes using managerial approaches such as Six Sigma that focus on quality improvement. Basic vocabulary of statistics: • Variables: are characteristics of an item or individual. • Data: the different values or outcomes associated with a variable. • Operational definitions: data values are meani...
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