Answered step by step
Verified Expert Solution
Question
1 Approved Answer
By referring to your current organization, or the one that you know of (manufacturing, industry), provides a detailed report of how statistical tool can be
By referring to your current organization, or the one that you know of (manufacturing, industry), provides a detailed report of how statistical tool can be used for making decision. The report should include but not limited to the following:
- Brief description about the statistical method
- About the Organization
- Decision to be made using statistical tools
- How the tool support the decision making process
- Limitation of the selected statistical tool
Examples of the statistical tool that can be discussed in the report are:
- Linear Regression,
- Multicollinearity Analysis,
- Analysis of Variance,
- Correlation, Skewness, Kurtosis, and Kolmogorov-Smirnov Test
- Measures of central tendency
- Measures of dispersion,
- Other statistical tools
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started