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Elucidate the functions of statistics. Statistics is the science of data. This involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information.
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Statistics for Business and Economics Personal pre-assignment What is a representative sample? What is its value? The representative sample is a subset of a population of interest that is exhibiting the typical characteristics of the population.
ASSIGNMENT MBA 1st SEMESTER STATISTICS FOR MANAGEMENT (MB) QUESTION 1 Distinguish between Classification and Tabulation. Explain the structure and components of a Table with an example.
ANSWER Classification is a process of arranging things or data in groups or classes according to their resemblances and affinities. ASSIGNMENT MBA 1st SEMESTER STATISTICS FOR MANAGEMENT (MB) QUESTION 1 Distinguish between Classification and Tabulation.
Explain the structure and components of a Table with an example.
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