This website uses cookies to ensure you have the best experience. Learn more

Business Communication Essay

881 words - 4 pages

Lesson 2: Review of basic concepts of probability theory
Coverage:
Basic probability rules Random variables and associate concepts Normal distributions

Reading:
Chapter 2 (1-7), Chapter 3 (1-5, 10-11) and Chapter 4 (1-8) (1 8)

Homework:
Replicate and complete all the classroom exercises. Print answers of 2.1 (b-c-d), 2.3 (b-c-d) and 2.4(b-c-d) in one (1) page.
1

Business Statistics

Lesson 2 - Page 2

Objectives
At the end of the lesson, you should be able to:
Define and apply the basic probability rules Describe the basic concepts related to random variables D ib th b i t l t dt d i bl Describe and use the properties of means and variances Recognize and understand the ...view middle of the document...

Usually we can have only sample values of the variables as our data. A random variable can (only) be described by its distribution that tells us the probabilities that the random variable will take certain (ranges of) values values. Distribution of a random variable can be approximated through observed values using histogram, frequency table or chart. Distribution of real random variables can also be approximated by theoretical distributions like normal, uniform, student, chi square, etc. Notational convention: Random events: A, B, C, etc.; random variables: X, Y, Z, etc.; Constants: a, b, c, etc.; random values: x, y, x, etc. Remarks: Given a random variable X, we may have many random events like (X = a), (X a), (a Gi d i bl X h d t lik ) ) ( X b) for any constants a and b. A random variable (in probability theory) corresponds to a population (in statistics) Only random events have probability. Random variables have distribution that can be characterized by parameters (like mean, variance) or functions (like cumulative, density or mass functions). In statistics, random variables correspond to populations and are referred to as variables. Their observed values are commonly stored in columns of data tables.

• •

2

Business Statistics

Lesson 2 - Page 5

Classroom exercise 2.1
Consider data from HBAT Case a)...

Other Papers Like Business Communication

Business Communication Essay

1200 words - 5 pages P7- Outline the various electronic methods for communicating business information using examples for different types of audiences. A type of written communication that can be used when communicating business information is a letter. This type of written communication would be suitable for KFC to communicate with when writing to the government. To elaborate on, this is because the format of a letter is set out as professional and formal and

Business Communication Essay

2158 words - 9 pages BUSINESS COMMUNICATION Table of Contents BUSINESS COMMUNICATION 2 Question 1. 2 VERBAL COMMUNICATION 2 Important Advantages of Written Communication 3 Important Advantages of Oral Communication 3 Personal Experience 4 Question 2. 4 How does effective communication help us as a professional? 5 Importance and Benefits of Effective Communication 5 Question 3. 6 My Professional Experience 6 Specific Barriers I faced 7

Business Communication

1068 words - 5 pages Examination Paper of Business Communication IIBM Institute of Business Management Examination Paper Subject Code-B-109 MM.100 Business Communication Section A: Objective Type & Short Questions (30 marks)      This section consists of multiple choices and Short Notes type questions.  Answer all the questions.  Part one questions carry 1 mark each & Part Two questions carry 4 marks each. Part one: Multiple choice: 1. __________is an

Business Communication - 818 words

818 words - 4 pages Business communication today has changed the flow of business; it has increased the productivity and efficiency in today’s businesses.  Business owners can reach employees and clients throughout the globe in a matter of minutes. Many businesses use communications tools such as PDAs, email, fax, video-conferencing, instant-messaging, and the internet. Business can be managed remotely by using technology. Business communication plays a big role

Business Communication - 1032 words

1032 words - 5 pages Maldives National University Faculty of Management and Computing ------------------------------------------------- BUSINESS COMMUNICATION (BUS 103) Individual Assignment Semester 2, 2013 NAME: AHMED WAHEED STUDENT ID: 000033505 COURSE: DIPLOMA IN BUSINESS 1) Describe any situation in which you were involved where the communication went wrong. Analyze the communication process in that situation, using the terms sender, receiver and

Business Communication - 3368 words

3368 words - 14 pages by Leigh Richards, Demand Media mentioned that Business communications are critical and there are various ways it can get blocked. They said that the larger the organization the more complex they are but basic principal of communication applies to all business. Some common business communication barriers include not fully understanding the needs of the target audience, using the wrong communication channel, and not checking to ensure that messages

Business Communication - 1100 words

1100 words - 5 pages Running head: BUSINESS COMMUNICATION TRENDS Business Communication Trends Vickie Johnson University of Phoenix Professor Michele Lively Business Communication Trends Business depends on communication and both are changing. Everything that I do involves communication. Good communication in business is about sharing information in ways that is useful to my coworkers, and the customers when processing claims. Currently I am an offsite

Business Communication - 1061 words

1061 words - 5 pages Examination Paper : Semester II IIBM Institute of Business Management Examination Paper Business Communication Section A: Objective Type (30 marks)    This section consists of multiple choices and Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part Two questions carry 4 marks each. MM.100 Part one: Multiple choices: 1. __________is an essential function of Business Organizations: a. Information

Business Communication - 1041 words

1041 words - 5 pages Examination Paper : Semester II IIBM Institute of Business Management Examination Paper Business Communication Section A: Objective Type (30 marks)    This section consists of multiple choices and Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part Two questions carry 4 marks each. MM.100 Part one: Multiple choices: 1. __________is an essential function of Business Organizations: a. Information

Business Communication - 4213 words

4213 words - 17 pages | |Section 1: Communication Features |20 | |Section 2: Groups’ Shared Interests and Features |20 | |Section 3: User Interaction |20 | |Section 4: Business Communication

Business Communication - 1800 words

1800 words - 8 pages Section A (4 short-essay question) Question 1 With an aid of a diagram, explain the process of communication in organization. (15%) Communication is the process of sharing our ideas, thoughts and feeling with other people and having those idea, thoughts and feeling understood by the people we are talking with. When we communicate we speak, listen and observe. There have two types of communication which is verbal communication and non

Related Essays

Business Communication Essay 549 Words

549 words - 3 pages Examination Paper of Business Communication IIBM Institute of Business Management Examination Paper Subject Code-B109 Business Communication Section A: Objective Type (10 marks)    This section consists of Multiple choice questions Answer all the questions. Each question carries 1 mark. MM.100 Multiple Choices: 1. ___________is an essential function of business organization: a. Information b. Communication c. Power d. None of the above

Business Communication Essay 819 Words

819 words - 4 pages Business Communication Pardip Singh COM/285 March 08, 2011 Robert Kay Business Communication Business communication is the center piece for success. The most outstanding businesses in the world today use strong communication to pass on information that will grow the company and make sure the employees know the most recent information on a product. Business communication is known in varieties of ways such as to introduce a product

Business Communication Essay 1454 Words

1454 words - 6 pages Business Communication Name: Course: Tutor: Institution: Date of Submission: Letter of transmittal May 28, 2015 Ned Stark, Manager International Corporation Practice Group ABCD Corporation Dear Mr. Ned Stark: As agreed, Enclosed is the report you commissioned on March 12, 2015 on the intercultural communication. The report analyses the fundamentals of cross-cultural communication with regards to the

Business Communication Essay 639 Words

639 words - 3 pages P2 & M2: Description and assessment of main employability, personal and communication skills……………………………………………………………………………………………… Employability Skills: Employability Skills | How does this relate to the job description | How will this help the person and the business to be successful | Rate on a scale of (1-not important, 6 – very important) | Justification of the importance of the skills | Verbal