Business Statistics

As contactless menu ordering becomes the norm amid COVID, China pushes back

As contactless menu ordering becomes the norm amid COVID, China pushes back

Even before the COVID-19 epidemic hit, the issue of digital order and payment in restaurants had already gained a lot of space in China. The tap-to-order method on a smartphone is part of a larger development in China where cash and physical documentation are increasingly coming out.Many res.....

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Kleiner Perkins’ Bucky Moore will outline what to think about before raising a Series A at Early Stage in April

Kleiner Perkins’ Bucky Moore will outline what to think about before raising a Series A at Early Stage in April

Cleaner Perkins is one of the most prestigious enterprises in Silicon Valley. The firm has invested in startups like Twitter, Google, Square, Peloton, Spotify, Robinhood and many more. Like, people at Cleaner Parkinson know a thing or two about what it takes to raise money at different .....

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Google to pay $2.59 million to settle allegations of discrimination

Google to pay $2.59 million to settle allegations of discrimination

Google has agreed to pay $2.59 million to more than 5,500 current employees and former job seekers as part of a settlement with the U.S. Department of Labor over allegations of managerial discrimination because it relates to compensation and hiring. Google has agreed to reserve $250,000 per year .....

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Poisson Distribution

Poisson Distribution

In statistics, the Poisson Distribution (/ˈpwɑːsɒn/; French pronunciation: pwasɔ̃) function is a distribution function useful for characterizing events within a definite time or space with a very low probability of occurrence. In other words, if the average rate at which a particular event .....

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Normal Distribution

Normal Distribution

The most important distribution of probability in statistics is normal distribution, also called Gaussian or Gauss distribution since it suits many natural phenomena. In the natural and social sciences, distribution is commonly used. The Central Limit Theorem makes it important, stating that the .....

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Discrete Distribution

Discrete Distribution

A discrete distribution is a distribution of data with discrete values in statistics. In the case where the value range is countably infinite, these values must decrease to zero quickly enough for the probabilities to add up to 1. It is a statistical distribution showing the probability of discre.....

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Heteroskedasticity

Heteroskedasticity

A difficult term to pronounce is heteroskedasticity (or heteroscedasticity), but it doesn’t need to be a difficult definition to understand. It occurs when there are non-constant standard deviations of an expected variable, monitored over various values of an independent variable or as comp.....

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Bernoulli Distribution

Bernoulli Distribution

A bernoulli distribution is a discrete distribution of probability for a random experiment that has only two effects (usually called a “success” or a “failure”) in a Bernouilli study. The Bernoulli distribution, named after Jacob Bernoulli, a Swiss mathematician, is a discrete probability.....

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Binomial Distribution

Binomial Distribution

In an experiment or survey that is replicated several times, a binomial distribution can be thought of as simply the likelihood of a SUCCESS or FAILURE result. It is a probability distribution that summarizes the probability that, under a given set of parameters or assumptions, a value will take .....

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Importance Of Trademark

Importance Of Trademark

We should have a greater understanding as business people of why trademarks are so critical for a successful trade. A trademark is a recognizable insignia, expression, term, or emblem that signifies and legally differentiates a particular product from all other products of its kind. Trademarks ar.....

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Compensation of Employees

Compensation of Employees

Compensation of Employees is the total amount an employee can expect to receive when working for an organization. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year. There are many different type.....

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Nonprobability Sampling

Nonprobability Sampling

This article describe about Nonprobability Sampling, which is a type of unit sampling where it is not known which of the units will be picked to be sampled, and where some of the units have a zero probability of being chosen. It is a sampling technique where the samples are gathered in a process .....

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