By Durmuş Özdemir (auth.)
This textbook introduces readers to useful statistical matters via proposing them in the context of real-life economics and enterprise occasions. It offers the topic in a non-threatening demeanour, with an emphasis on concise, simply comprehensible motives. it's been designed to be obtainable and student-friendly and, as an further studying function, presents all of the proper info required to accomplish the accompanying workouts and computing difficulties, that are offered on the finish of every bankruptcy. It additionally discusses index numbers and inequality indices intimately, seeing that those are of specific significance to scholars and usually passed over in textbooks.
Throughout the textual content it truly is assumed that the coed has no earlier wisdom of information. it really is aimed basically at company and economics undergraduates, offering them with the elemental statistical talents beneficial for extra examine in their topic. besides the fact that, scholars of alternative disciplines also will locate it relevant.
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Additional resources for Applied Statistics for Economics and Business
Sampling errors arise from the chance differences from sample to sample. Coverage error is due to the exclusion of certain groups of individuals from the sample. This error leads to the problem of selection bias. Hence the sample’s representation of population may be questionable. The non-response error is self-explanatory. It results in not all the opinions from a sample of individuals being taken. This situation creates a problem known as the non-response bias. As can be imagined, even the results of what seems to be a perfect survey include some errors.
Begin by clicking on the Paint icon on Applications. 1 Using Paint Drawing a Line (a) Click on the line tool. (b) Click on the drawing space where you want the line to begin, and holding the button drag the mouse to produce your line. When you release the button, your line is fixed. (c) For a vertical, horizontal or 45 line, press shift and keep it depressed until you have completed step (b) above. To Remove an Item (a) Click the eraser, and move it over what you want to rub out. (b) If you just want to start again, click File and choose New.
Nevertheless, it is quick and easy to use, and available on any machine that runs Windows. You may find it useful for economics assignments. 1 Draw the figure above in Paint. You may like to practice some other diagrams. 2 Using Excel Open a new Excel workbook. g. Sales Figures) at the top of the spreadsheet, then type Year in cell A3 and enter the years 1991 through to 1994 in cells A4: A7. Type Sales in cell B3 and enter 135, 201, 174 and 235 in cells 32 2 Data Presentation: Graphs, Frequency Tables and Histograms B4: B7.