Question: 1. Why accounting students need to learn statistics? 2. Why do we need to classify the data? 3. Give at least three examples of the

1. Why accounting students need to learn statistics?

2. Why do we need to classify the data?

3. Give at least three examples of the following:

a. Categorical variable

b. Discrete Variable

c. Continuous Variable

d. Nominal

e. Ordinal

f. Interval

g. Ratio

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Why do the accounting students need to learn statistics? Why do we need to classify the data? Give at least three examples of the following: a. Categorical variable b. Discrete Variable c. Continuous...

Q:

An Investigation into obesity rates Researchers have been interested in studying the obesity trends worldwide over the past 25 years. In 2014 the World Health Organization (WHO) declared there were....

Q:

Assessment Task 3: Feedback to Improve Practice There are two parts in this task: ? Part A requires students to obtain feedback from two colleagues. ? Part B requires students to role play seeking...

Q:

1-Please provide 5 cross-examination questions for: Chris Moss Dr. Gerry Stein Sydney Payne Terry Preece Leslie Brown Alex Lloyd 2-Explain why/how/if you would use exhibits A, B, C, and D. 3-What...

Q:

Factors encouraging cycle commuting in Scotland Big Data Fundamentals Coursework Daniel Devine CS982 Big Data Technologies Computer and Information Sciences University of Strathclyde, Glasgow 5th...

Q:

Answer appropriately D1: How An understanding of statistics is necessary in any job. The use of statistics can help 24 24 Can you Use provide answers to many questions. Please, post a question you...

Q:

Data analytics is poised to change everything in accounting, including how it's taught. Many graduates entering the profession will be expected to have the standard level of accounting knowledge, as...

Q:

Data analytics is poised to change everything in accounting, including how it's taught. Many graduates entering the profession will be expected to have the standard level of accounting knowledge, as...

Q:

Data analytics is poised to change everything in accounting, including how it's taught. Many graduates entering the profession will be expected to have the standard level of accounting knowledge, as...

Q:

It's a general perception by accounting professionals, that there is a solution to every accounting problem. It's like living in a denial, but actually there are many issues that remain unresolved...

Q:

3. A service facility consists of two servers in series, each with its own first in, first out (FIFO) queue. A customer completing service at server 1 proceeds to server 2, while a customer...

Q:

James rents an apartment with an initial monthly rent of $1,600. He was told that the rent goes up 1.75% each year. Write an exponential function that models this situation to calculate the rent...

Q:

BBA Comprehensive Exam Business Finance - Balance Sheets and Financial Statements The performance review of a business must compare against A an appropriate standard for comparison B ther porformence...

Q:

You are considering making a movie. The movie is expected to cost $10.2 million up front and take a year to produce. After that, it is expected to make $4.2 million in the year it is released and...