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lutik1710 [3]
1 year ago
14

Discuss the four dimensions of statistical reasoning / thinking used in statistical inquiry.

Business
1 answer:
Studentka2010 [4]1 year ago
5 0

The four dimensions of statistical thinking, according to Wild & Pfannkuch  are an investigative cycle, styles of thinking, an interrogative cycle, and dispositions. The four dimensions are simultaneously active within the thinker and incorporate both general and specific statistical thinking tendencies. Describe the four statistical reasoning/thinking dimensions that are used in statistical investigation.

* Give and describe a concrete example of how the four-step method was applied in a managerial decision-making process. Please apply the four dimensions of statistical reasoning from Wild and Pfankuch .

* Why is having a representative sample rather than a random sample not more crucial for drawing accurate conclusions about a diverse population?

Is the due date for your task approaching? It is simple! Please fill out the order form with your instructions. All of our authors have advanced degrees in their.

Learn more about The four dimensions of statistical thinking here.

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Wood Co. owns 2,000 shares of Arlo, Inc.’s 20,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock and 1,000
prohojiy [21]

Answer:

Dividend income of $24,000

Explanation:

Wood Co. owns 2000 out of the 20000 cumulative,non-participating preferred shares,which implies that out of all preferred dividends declared and paid by Arlo inc, Wood Co, get 2000/20000 of the dividends

Wood Co's dividends =2,000/20,000*$240,000

                                    =$24,000

The stock dividend of 5% of common stock is not to be recognized as dividend income but an increase in investment in Arlo Inc,a capital gains yield not dividend yield

Capital gains yield is the return from investment in form capital appreciation while dividend is a revenue return from investment

6 0
3 years ago
the emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment o
wolverine [178]

The statement "The emergent strategies are those strategies adopted in light of a thorough analysis of both external and internal environment only" is: True

Emergent strategies are those measures which are taken to ensure that a company grows and is successful even when there is no particular set aims or goals.

However, the statement that an emergent strategy can only exist in only an internal and external environment is true.

This is because these internal and external factors are why the strategies are in place to make sure that there is a realized goal in the company and that continuity is ensured.

Please note that an internal environment is one that has a direct impact on the company,while external environment does not directly impact the company

Therefore, the correct answer is true

Read more here:

brainly.com/question/15171442

7 0
2 years ago
By how much did annualized consumption decline in november of 2008 when gdp was $14 trillion?
irga5000 [103]
<span>Annualized consumption dropped immensely in November 2008. The 5 years prior to 2008 were some of our strongest yet, also, a GDP of $14 trillion is nothing to balk at. I am thoroughly surprised that the decline we experienced then came so soon after a long streak of winning.</span>
5 0
3 years ago
Mary makes 10 pies and 20 cakes a day and her opportunity cost of producing a cake is 2 pies. Tim makes 20 pies and 10 cakes a d
monitta

Answer:

If Mary and Tim specialize in the good in which they have a comparative​ advantage, ______.

Mary would specialize in making cakes while Tim would specialize in making pies.

Explanation:

a) Data and Calculations:

Mary's opportunity cost of making a cake = 2 pies

She can make additional 5 (10/2) cakes instead of making pies

This will increase her cakes to 25 a day (20 + 5)

Tim's opportunity cost of making a cake = 4 pies

She can make additional 40 pies (10 * 4) instead of making cakes

This will increase her pies to 60 pies a day (20 + 40)

When they specialize there will be 25 cakes and 60 pies produced in a day instead of 30 cakes and 30 pies.

5 0
3 years ago
Documents in a voucher system
amid [387]

Answer: 1 E, 2 C, 3 A, 4 F, 5 D, 6 B

Explanation:

Purchase requisition - A document used by department managers to inform the purchasing department to place an order with a vendor.

Purchase order - A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.

Invoice - An itemized statement of goods prepared by the vendor listing the customer's name, items sold, sales prices, and terms of sale.

Receiving report - A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of the goods.

Invoice approval - A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.

Voucher - An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.

4 0
3 years ago
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