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BUSS1020 Quantitative Business Analysis - Distinction

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Stats can be one of the trickiest topics to get your head around. I've created a set of notes that walks you through every concept and formula in a way that you can understand. I've also included Excel inputs and rigorous example problems.

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52 Pages Complete Study Notes 1-2 Years old
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Topics this document covers:
Probability and statistics Mathematical analysis Probability theory Moment Probability distribution Random variable Probability mass function Median Bayes' theorem Variance Parameter Conditional probability
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Probability and statistics Mathematical analysis Probability theory Moment Probability distribution Random variable Probability mass function Median Bayes' theorem Variance Parameter Conditional probability
Sample Text:
Define the objective, and understand the data we need to collect. 2. Collect the required data type, using an appropriate process. 3. Organise the data: 3.1. ‘Clean’ out any extraneous data points, missing data, and blatant outliers. 3.2. Prepare it in a form suitable for analysis. 3.3. Tabulate and summarise it. 4. Visualise the data with graphs and charts. 5. Analyse the data. Through better understanding of the data they generate and collect, business can make better decisions. Branches of statistics used in business a. Descriptive: collecting, summarising, presenting and organising data. b. Inferential: inferring conclusions about a population based on a sample. c. Predictive: predicting future outcomes based on a sample. Some basic vocabulary ● Variables, or attributes, are characteristics of an item or individual (e.g., age). ● Data are...
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