Define Statistics. What are the important functions and limitations of Statistics?

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Asked 5/27/2014 11:06:05 PM

Updated 5/28/2014 7:08:50 AM

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Flagged by paral [5/28/2014 7:08:50 AM]

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Question

Asked 5/27/2014 11:06:05 PM

Updated 5/28/2014 7:08:50 AM

1 Answer/Comment

Flagged by paral [5/28/2014 7:08:50 AM]

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8

Statistics is described as a mathematical body of science that pertains to the collection, analysis, interpretation or explanation, and presentation of data, or as a branch of mathematics.

Added 5/28/2014 7:08:49 AM

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A bag contains 3 red, 6 white and 7 blue balls. If two balls are drawn at random, then the probability of getting both white balls is
Options
5/40
6/40
7/40
14/40

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Not Answered

Updated 5/28/2014 6:25:11 AM

1 Answer/Comment

A bag contains 3 red, 6 white and 7 blue balls. If two balls are drawn at random, then the probability of getting both white balls is 5/40.

6/16*5/15=30/240=5/40.

(this could be further to reduced to 1/8)

6/16*5/15=30/240=5/40.

(this could be further to reduced to 1/8)

Added 5/28/2014 6:25:11 AM

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Bayes’ theorem is useful in
Options
Revising probability estimates
Computing conditional probabilities
Computing sequential probabilities
None of the above **Weegy:** Bayes theorem is useful in computing conditional probabilities. (More)

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Expert Answered

Updated 5/28/2014 6:27:07 AM

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Please answer in a sentence that restates the question and provide a source that directly supports your answer.

Added 5/28/2014 6:27:07 AM

Intrapreneur is _________.
Options
Employee
Promoter
Co-owner
Entrepreneur

Question

Updated 5/28/2014 4:23:25 AM

1 Answer/Comment

Intrapreneur is employee.

Added 5/28/2014 4:23:25 AM

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The reward to entrepreneur for risk taking is __________.
Options
Personal reputation
Product sale
Profit
Recognition

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Updated 5/28/2014 7:59:22 AM

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The reward to entrepreneur for risk taking is profit.

Added 5/28/2014 7:59:22 AM

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NIESBUD was established in the year _________.
Options
1957
1961
1974
1983

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Updated 5/28/2014 8:05:10 AM

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NIESBUD was established in the year 1983.

Added 5/28/2014 8:05:10 AM

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