TAILIEUCHUNG - Lecture Practical business math procedures (10/e): Chapter 22 - Jeffrey Slater

Chapter 22 - Business statistics. After you have mastered the material in this chapter, you will be able to: Define and calculate the mean, explain and calculate a weighted mean, define and calculate the median, define and identify the mode, prepare a frequency distribution, prepare bar, line, and circle graphs, calculate price relatives and cost comparisons, explain and calculate the range, define and calculate the standard deviation, estimate percentage of data by using standard deviations. | Chapter 22 Business Statistics Define and calculate the mean Explain and calculate a weighted mean Define and calculate the median Define and identify the mode Business Statistics #22 Learning Unit Objectives Mean, Median, and Mode Prepare a frequency distribution Prepare bar, line, and circle graphs Calculate price relatives and cost comparisons Business Statistics #22 Learning Unit Objectives Frequency Distributions and Graphs Explain and calculate the range Define and calculate the standard deviation Estimate percentage of data by using standard deviations Business Statistics #22 Learning Unit Objectives Measures of Dispersion (Optional Section) Mean - Average used to indicate a single value that represents an entire group of numbers Median - A measurement that indicates the center of the data (Average) Terminology Mode - a measurement that records values. The value that occurs most often Mean Mean = Sum of all values Number of values The .

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• Measures of dispersion
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• Math procedures
• Lecture Basic Statistics
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• Frequency distribution graph
• Basic statistics
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• Describing data
• Frequency tables
• Graphic presentation
• Statistical techniques
• Discrete probability distributions
• Continuous probability distributions
• Numerical measures
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• The nature of probability
• Data description
• The normal distribution
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• Counting rules
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• Understanding statistics
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• The normal curve
• Standard scores
• Measures of central tendency
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• Essentials of statistics
• Central tendency
• Independent samples
• Hypothesis testing