Business Statistics Flashcards
1
Q
What is the meaning of the word ‘Statistics’?
A
It is derived from a word ‘Status’ that means Political State
2
Q
Who is the father of statistics?
A
‘Gott-fried Achenwall’
His brain got fried by the end.
3
Q
From what has statistics as a subject originated?
A
APPLIED MATHEMATICS
4
Q
Types of hypothesis
A
Empirical/ working:
Starts as an assumption. For a particular field.
Logical: j.s mill
Agreement, disagreement, difference and residue.
Statistical
Complex: relationship btwn variables exist.
5
Q
Statistical regularity
A
Covers clt also.
It says if random event occurs multiple times, then wventually result equals population
