Statistics Essays

The Problem: You are in a game show and the host shows you three doors, saying that only one will give you the grand prize. After choosing one door, the host will open one of the two doors you did not choose. The host knows where the prize is and he would not open that […]

It can be noted from the above results, both methods will cause the function ln(S(t))/ will converge to the limit which is approximately 0.0558077, which is close to the true value of p of 0.055. The true value can be found based on the property of the probability distribution of ln(S(t)). We note that: as […]

Firstly the data was sorted in ascending order by the categories ‘male’ and ‘married’. This helped find where the boundaries for the four categories were. It was found that:* Single males lie between 3976-5664* Married males lie between 5665-7641* Single females lie between 1-1863* Married females lie between 1864-3975Using the ‘count if’ function within the […]

Undertaking 1 Question # 1: Obtain a set of 100 natural informations refering to some concern units. Answer 1: The information I selected for this undertaking is the wages of 100 participants. This natural information including name of participants, their salary, their place and the last column is for ciphering the frequence distribution in the […]

The slope tells how the response variable hanges for a one unit step in the predictor Thus, an additional; $1,023 of sales associated with each additional sales person working. Find the intercept, b0. b0=y-b1x =19. 8-1. 023(11. 9). For this problem, use technology, rounding to three decimal places. b0=7. 622.What does b0 mean in this […]

In this report, I will discuss the performance of NASA Division for the past 9 months during the fiscal year with special attention to the meaning and accuracy of the volume variance. Then I will identify the issues of the best sales and production strategy for EROW Division, NASA Division and the Rubber Group as […]

VAriances in Attitudes Across Cultures the Role of Gender Definition: “An attitude is a manifestation of values, beliefs, feelings, and states of mind”  Summary: Birgit Pfau-Effinger of The University of Hamburg in Hamburg, Germany recently published an article titled “Women’s employment in the institutional and cultural context” in the International Journal of Sociology and Social […]

Ayles Networks, an IT networking company, has a workforce of over 3,000 employees in the Southwestern United States. Despite being centrally located, the Human Resources (HR) office is situated up to 500 miles away from several corporate offices. The HR department has been assigned the task of analyzing the effectiveness of current staffing, training, and […]

Introduction Luotang Power was established by American companies who was selected bidders to operate a 600 MW coal-fired power plant project. This company was located in Hubei Province, China. Although this company wholly foreign-owned but they need to use Chinese- manufactured equipment. There are two main issues in this case study. The first issue is […]

This course work analyses the volume, mix and price revenue variances for a medical group administering flu shots and treatments. It investigates the returns of the medical group in terms of revenues and profits. According to the literature, sales variance is the value difference between the actual volume of sales and the projected volume of […]

Introduction: Budgeting is a common practice in most firms as it helps measure performance, plan, and exercise control. The budget process involves developing a single budget, but multiple draft budgets are usually created. These draft budgets account for uncertainties that may arise after business operations begin. It is challenging to estimate future market demand, so […]