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In: Accounting

Identify and explain the key principles and practices of statistical analysis and measures of variance

Identify and explain the key principles and practices of statistical analysis and measures of variance

Solutions

Expert Solution

Stastical Analysis using different types of data. Stastical Package for the Social Science (SPSS) is a stastical analysis programme. The base module covers many stastical technique like regression analysis, ANOVA, cluster analysis multidimensional scaling, factor analysis, these versions are available in the SPSS

Principles of statistical analysis

Descriptive and graphical statistical methods, sampling and sampling distributions, estimation, hypothesis testing, analysis of variance, study design and linear regression, estimation, hypothesis testing, analysis of variance, study design and linear regression.

Measures of Variance

Variance is an important statistical measure and is described as the mean of the sqauares of deviations taken from the mean of the given series of data. It is frequently used measure of variation. Its squareroot is known as standard deviation

ANOVA Analysis of variance is very useful technique , in this have two techniques One-way and Two-Way.


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