Question

In: Economics

Assignment​​​​​​​​(3 × 5 = 15 Marks) Answer any five questions (Mention question no you are answering...

Assignment​​​​​​​​(3 × 5 = 15 Marks)
Answer any five questions (Mention question no you are answering in the table above). Word count has to be 500 minimum for each question:
1. What do you mean by Statistical Decision theory? Explain in tabular form the difference between Decision making under Uncertainty and Risk?
2. Define Sampling and what are the non-sampling errors? Explain in brief all the errors.
3. What is a Statistical Survey and what are the steps to plan a survey?
4. Time series is of great significance to economists and business man. Why? Explain all four components of Time series.
5. Define Hypothesis testing and explain test of significance for small samples and large samples.
6. Discuss the methods presentation of statistical data through graphs and diagrams.

Solutions

Expert Solution


Related Solutions

Explain ANY FIVE (5) common myths of entrepreneurship? (15 marks)
Explain ANY FIVE (5) common myths of entrepreneurship?
QUESTION 3 [20 MARKS] a. State any five (5) factors that often restrict the sample size....
QUESTION 3 [20 MARKS] a. State any five (5) factors that often restrict the sample size. b. Explain with reasons the most suitable measurement scale that a researcher can use from these sampled statements: i. Female soccer teams in this year’s Olympics. ii. Number of countries in Africa. iii. Seasons in a year. c. Distinguish Secondary literature from Primary literature use examples to justify your answer.
Question 4 15 MARKS Answer the following questions: a) What is a sunk cost? (2 marks)...
Question 4 15 MARKS Answer the following questions: a) What is a sunk cost? b) Under what circumstances are sunk costs relevant to a decision? c) Construct an example of a sunk cost. d) Briefly discuss why you think financial reports for investors and managerial reports for managers may or may not differ in their treatment of sunk costs.
Question 3 (5 + 5 + 4 = 14 Marks) a. Match FIVE of the 11...
Question 3 (5 + 5 + 4 = 14 Marks) a. Match FIVE of the 11 audit sampling terms (1-11) with the five definitions provided below in items (i-v): 1. attributes sampling 2. block sample selection 3. haphazard sample selection 4. non-statistical sampling 5. probability proportional to size 6. random selection 7. representative sample 8. sampling distribution 9. statistical sampling 10. stratified sampling 11. systematic sample selection i the use of mathematical measurement techniques to calculate formal statistical results and...
QUESTION 2 (25 MARKS) As you make financial decision, elaborate any FIVE (5) types of risk...
QUESTION 2 As you make financial decision, elaborate any FIVE (5) types of risk that you encounter that affect your investment strategy during Movement Control Order 2020.
Download and complete this assignment by answering the questions or filling in the blanks! Week 3...
Download and complete this assignment by answering the questions or filling in the blanks! Week 3 Assignment.docx Write out what each abbreviation stands for: OTC FDA APhA DEA CSA USP PDR USP/NF LASA SR GI USAN CPOE PAD List and describe three different names by which a drug may be referred. ­­­­­­_______________________________________ ______________________________________ ______________________________________ Describe the following terms and which health care professionals can perform the tasks listed. Prescribe Administer Dispense Physicians Nurse practioners and Physician Assistants Medical Assistants Describe...
If you are not going to answer all the questions. then do not answer any. 3.)...
If you are not going to answer all the questions. then do not answer any. 3.) The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process—Baking Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Mar. 1 Bal., 6,300 units, 4/5 completed 16,884 31 Direct materials, 113,400 units 226,800 243,684 31 Direct labor 65,490 309,174 31 Factory overhead 36,840 346,014 31 Goods...
This is a short answer assignment. Each question carries 10 marks. 1. Explain any TWO (2)...
This is a short answer assignment. Each question carries 10 marks. 1. Explain any TWO (2) advantages of subsidiary (delegated) legislation. 2. Describe the jurisdiction of the Federal Court in Malaysia. 3. Explain any THREE (3) ways how a proposal can be revoked as provided in Contracts Act 1950. 4. In relation to Contracts Act 1950, explain what is meant by “consideration need not be adequate but must be sufficient”. 5. Explain any THREE (3) exceptions to the nemo dat...
Write a paragraph of 3-5 sentences answering the following questions. Your response should first answer the...
Write a paragraph of 3-5 sentences answering the following questions. Your response should first answer the question and then go onto state physiological interpretation's behind your answer. Assume a cell has a membrane potential of -70 mV and a Cl- equilibrium potential of -81 mV. If the cell membrane is permeable to Cl-, will there be net movement of Cl- into or out of the cell? Explain your answer.
3. Capital Budgeting Assignment (15 marks) Instructions: The assignment is based on the case below. The...
3. Capital Budgeting Assignment Instructions: The assignment is based on the case below. The instructions relating to the assignment are at the end of the case. Dan and Susan are facing an important decision. After having discussed different financial scenarios, the two computer engineers felt it was time to finalize their cash flow projections and move to the next stage – decide which of two possible projects they should undertake. Both had a bachelor degree in engineering and had put...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT