Business Statistics is the science that is the combination of mathematics, statistics and business to provide a strong factual foundation for decision making. Business statistics is used in situations of uncertainty to come up with a solution. It is used in the fields of econometrics, auditing, marketing research, financial analysis, production and operation. This is a very important management subject; there are universities around the world that provide a separate 3 years degree in business statistics. It is basically the analysis, collection, and interpretation of data. This is a relatively new field, but the numbers of aspirants enrolling for these kinds of courses have been growing over the years. This is because of the enormous opportunity in this field. A student taking this course must have an excellent grasp over mathematics and statistics. The subject applies mathematical and statistical formulas to provide solutions to the business problems. The course can be difficult for the students at times, especially when they are assigned assignments on the subject. Assignment in the subject is what troubles the students most. The assignments on the subject can be tough, the calculations can often result in errors and memorising all the procedures and method to solve problems on Excel can also be an onerous task. We at this company understand the importance of assignments in the academics of the student. It holds quite a substantial amount of weight in the final grading and therefore performing in it is essential for a bright future ahead, but there are plenty hurdles that prevent the students from accomplishing the task effectively. Some of the hurdles are not in the control of the student and therefore, understanding the problem of the students, we provide the business statistics assignment help service at a very nominal rate to the students in the US, UK, and Australia.
Some Concepts from Our Business Statistics Assignment Help
A brief on some of the statistical concepts covered in our business statistics assignment help service
A statistical study is the collection and the analysis of data samples to form a group of items to draw the sample. A sample in statistics is a portion that is the representation of the entire population. The steps in the process of statistical study are identifying the hypothesis and the statistical possibility associated with it. The second step in the process is designing the study; the different types of study are – survey, observational studies, experimental study, exploratory data analysis, etc. After the study, the next step is the collection of data and the analysis of data. After the analysis is done, then a conclusion on the hypothesis is drawn. Our experts provide the best business statistics assignment help to the students in the US, UK, and Australia.
This type of statistics is used to describe and understand specific data sets. It provides the summary of short samples. Descriptive statistics is not based on the probability theory. The common measures that are used to describe data sets are measures of central tendency and measure of variance. Mean, mode, and median are the measures of central tendency, whereas, a measure of variance includes standard deviation, kurtosis and skewness, and minimum and maximum of variables. We have highly talented writers; they are qualified and talented mathematicians, they can provide the best assistance with business statistics assignment help with free referencing and several other enticing offers.
It is the statistical method that allows the analysts to study the relationship between two quantitative variables. Under this method, one of the two variables is assumed to be explanatory variable whereas the other is considered to be dependent variable. Least-square regression is a very important concept in linear regression. Correlation as the name states is the dependence of one variable on the other. If there is a shift in one variable, then the other variable is deemed to be affected. In the world of finance, correlation is used to measure the degree to which one security changes with the change in the other. To know more about these two important concepts of business statistics, take the assistance of professionals in our business statistics assignment help service.
The relationship between test of hypothesis and confidence intervals are very important. The test of hypothesis is done with the help of probability values. It is often argued that the confidence interval is more accurate than the hypothesis test and confidence interval is used for hypothesis testing. This topic plays an important role of statistics in business administration; compared to other methods, hypothesis testing is easy to calculate. Students very often get assignments on this topic, the assignments can be theoretical or numerical, but our writers can help solve all those problems. All you need to do is seek our business statistics assignment help service.
Probability is the possibility of an event happening from a number of events. This is a very important mathematical and statistical concept. The utilization of probability is in innumerable fields. Its use in the business world is not new either. Ever since the establishment of the stock exchange and other financial institutions, probability has always been used to make predictions and assumptions. In the dynamics of the business, a probability distribution can be used for scenario analysis, sales forecasting, risk evaluation, etc. The assignment on this concept is also provided by the writers of EssayCorp; just take the assistance of our business statistics assignment help service.
Business statistics is a subject that is mathematical in nature, it requires for the student to have a strong mathematical education and an analytical mind. The duration of the course in business statistics is of 3 years and there are several assignments that are assigned to the students during this period. Many of the students face difficulty with the assignments in this subject because of the previously unknown topics like regression and correlation, probability, etc. to them. The other problem that the students face is with the simultaneous assignments of others topics or subjects. They struggle to manage the time between one assignment and the other; ultimately, failing in one or both. The statistics application in business is very important and the students need to score good grades in it. Therefore, we with the help of our qualified writers provide you with business statistics assignment help service.
Our writers always remain updated on the software that is used for the purpose of solving the assignments and problems related to business statistics. We use several software for this purpose and a brief explanation is provided on the software below.
There are innumerable advantages of statistics in business; they play a pivotal role in many of the decisions that the top management makes. Every manager in a responsible position must have the statistical knowledge to make the predictions. Some of the advantages of statistics in business are listed below.
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Business Statistics Assignment Help by EssayCorp
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Using Polit2SetB data set, create a correlation matrix using the following variables: Number of visits to the doctor in the past 12 months (docvisit), body mass index (bmi), Physical Health component subscale (sf12phys), and Mental Health component subscale (sf12ment). Run means and descriptives for each variable, as well as the correlation matrix.
Is there a difference in the overall satisfaction of women based on the number of housing problems (no problems, 1 problem, 2 or more problems)? Using Polit2SetA data set, run an ANOVA using Overall Satisfaction, Material Well- Being (satovrl) as the dependent variable and Housing Problems (hprobgrp) (this is the last variable in the data set) as the independent variable.
Write a set of hypotheses (null and alternative hypotheses) to answer the question.Show a sampling distribution of the years in college for KU students using R.Submit your R commands, as well.What is the probability of a KU student taking longer than 5.8 year to graduate?
The general idea is to perform an analysis of some data that you find interesting using the statistical tools and critical insights that you have developed in the course.1Identify a topic you find interesting about which you have a question that could be resolved with appropriate data and analysis.
Read the paper “ESP paper rekindles discussion about statistics” and write a one-paragraph summary. Load the ozone data from the course webpage into R.Your responses to these questions should be no more than 2 pages. You should also turn in a separate file with carefully commented code.
Analyze and understand the dataset of different collection of cars and explore the relationship between different variable from a set of eleven variables.Estimation and comparison between the overall regression model and Stepwise Selection procedure. Check all the underlying assumptions for the best fit model and Exploratory data analysis for each of the variable