Professional Documents
Culture Documents
Very basic..
Define population -It is a set of all elements of interest in a particular study Define Sample -A sample is a subset of population
Tricky ones
You are regional sales head of Pepsi. Which measure of location you will choose to present the last quarter sales of each drink under Pepsi? What is underlying difference between Mean & Median? What do you mean by Trimmed mean?
Coefficient of variation
1st team=(15/250)*100%=6% 2nd team=(25/350)*100%=7.1%
You are given a sales target and you say this to your team
IF we work within 2 standard deviation we will get X% of sales What is the value of X? Z score (Chebyshevs Theorm)(75,89,94-2,3,4) Emperical rule(68,95,99.99-1,2,3) What is the Z score of outlier?
What is covariance?
It is a measure of the linear association between two variables Sxy=11 Sxy=99 Which is better? It is unit biased
Regression
Coefficient of determination Coefficient of correlation Adjusted R Square Multiple R square
Random variables
Discrete Random Variables Continuous random Variables
Distributions
Out of 10 customers you visit for a sales deal, you confirm 3 deals Your target for this month is 3 deals and you have already met 7 customers but could not crack the deal. Which statistical tool you would use to determine your chances?