ISO standards

It is also expedient to verify that the selected distribution eectively models the data because anything short of almost accurate could prove detrimental to future predictions. Hogg and Klugman (1984) serves as a standard reference for this subject. Adeleke and Ibiwoye (2011) used these same concepts to model claim sizes in personal line non- life insurance in Nigeria. They performed analysis of claim size to determine fair premium to ensure that the premium charged…

ExxonMobil Corporation is one of the world’s largest oil companies. Their worldwide operations consist of four major divisions including Upstream, Downstream, Chemical, and Natural Gas and Power Marketing divisions. The upstream division consists of capturing all resource types such as a combination of oil and gas projects (“Learn about ExxonMobil’s upstream operations,” n.d.). The downstream division consists of refining and distributing products from crude oil and other segments such as fuels…

We all Employment is the one of the highest influence of having a” life satisfaction” but significantly is the manner of work ( OECD, 2013).Besides quality of life is not only pertaining to “material” things nor the “standard of life. It also emphasis the important of education because it relies the personal, professional growth and profit.” Association to committee brings pleased feeling too humankind. Particularly of being awareness to the politics and industries and…

Theodore Roosevelt was the 26th president of the United States of America. Roosevelt spent part of his presidency figuring out what companies were breaking the Sherman Act and putting them out of business. These companies were making it hard other the consumers and other companies that might have been trying to get their hand in the game. These bad trusts were not just stopping people from getting into the market but they were also making sure that the other companies that were already in the…

A study was conducted to measure an individual’s attitudes towards homosexuality, attitude scales have been devised from Larsen et al in 1980 to LeMar and Kite’s 1997 attitude scale, to reflect modern day attitudes towards homosexuality a study was conducted using a new scale as the old one is outdated, using this new scale and additional study was conducted into the attitudes of an individual and the participant’s levels of religiosity to test the relationship between the two topics. Various…

state of being free from defects, deficiencies and significant variations is known as quality. Quality is a perceptual, conditional, and somewhat subjective attribute and may be understood Sigma is a Greek term .It is used in statistics to represent standard deviation from mean value, an indicator of the degree of variation in a set of a process. Sigma measures how far a given process deviates from perfection. Higher sigma capability, better performance. Six Sigma emerged as a natural…

checkpoint from the beginning. As such he could be able to ensure that his safety standards has been meet/ carried out each time someone made a toy in the plant or the ones coming from contractors. He also mentioned that he had changed the design of the toy, so that instead the magnets on the toys could be…

The article, “Standard Error of Measurement” by Leo M. Harvill from East Tennessee State University, provided a general introduction of Standard Error of Measurement (SEM). First, it introduced the basic concepts of test reliability. An obtained score or a raw score refers to the number of points obtained by an examinee. The obtained score could be influenced by several factors such as the ambiguity of test items, the fatigue of the examinee, and these factors make the obtained score unlikely to…

In MTH410 – Quantitative business analysis. Greenwood Village, CO; Author Conclusion The Beltway Shoe Company has taken data points for their western and eastern region for shoe sales. Using statistical data such as mean, median, range, and standard deviation, along with confidence interval estimates for the sale price and days to sell, management is able to understand which region is performing better in profits and days to sell. Further study of the data will allow management to increase…

recorded for only two years i.e., in 2008 and 2011. Maximum return was recorded in Monday in the year 2009 and minimum return was recorded day is also Monday in the year 2009. This shows some significance to the Monday’s return distribution. High standard deviations are seen in the…