ISTANBUL STOCK EXCHANGE FELL 6 POINTS IN AVERAGE TODAY
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Transcript of ISTANBUL STOCK EXCHANGE FELL 6 POINTS IN AVERAGE TODAY
ISTANBUL STOCK EXCHANGE FELL 6 POINTS IN AVERAGE TODAY
THE CONSUMER PRICE INDEX ROSE BY 0,5 PERCENT LAST MONTH
THE LATEST SURVEY INDICATES THAT THE PRESIDENT`S APPROVAL RATING
NOW STANDS AT 60 PERCENT
THE PRICE OF KOC HOLDING STOCK WILL BE HIGHER IN SIX MONTH THAN IT IS NOW
THE PRICE OF KOC HOLDING STOCK IS LIKELY TO BE HIGHER IN SIX MONTH THAN IT IS NOW
STATISTICAL THINKING
We may select some of professional groups why they need to have statistical thinking
- Accountants may need to select samples for auditing purposes
- Financial investors use statistics to understand the market`s fluctuations and to choose between various portfolioinvestments.
- Managers want to know if customers are satisfied with their company`s products or services
THE STAGES FOR STATISTICAL THINKING ARE:
1- DEFINE THE PROBLEM
2- DETERMINE WHAT DATA IS NEEDED
3- SELECT A SAMPLE
4- COLLECT DATA
5- SUMMARIZE AND ANALYZE DATA
6- MAKE INFERENCES AND DECISIONS BASED ON INFORMATION
The Journey to Making Decisions
Begin Here:Identify the
ProblemDATADATA
INFORMATION
KNOWLEDGE
DECISIONMAKING
Descriptive Statistics, Probability, Computers
Experience, Theory, Literature
Inferential Statistics, Computers
DATA: Specific observations of measured numbers.
INFORMATION: Processed and summarized data yielding facts and ideas.
KNOWLEDGE:Selected and organized information that providesunderstanding, recommendations, andthe basis for decisions.
USA UK ARGENTINA TURKEY
Average 3,3 2,7 2,8 3,9
Maximum 4,5 4,4 11,9 8,9
Minimum 0,8 0,2 -10,9 -7,5
Standard Error
1,2 1,0 6,7 5,8
Source: World Development Indicators (WDI) 2006 CD-ROM
Comparison of the Growth Rates (1992-2005) %
POPULATION: A complete set of individuals, objects or
measurements having common observable characteristics.
Examples of Populations
- Names of all registered voters in TURKEY
- Incomes of all families living in ANKARA
- Annual return of all stocks traded on the ISTANBUL STOCK EXCHANGE
- Grade Point Averages of all the students in your University - BILKENT
SAMPLE: A subset or part of a population
Examples of Samples
- Names of 50.000 registered voters in TURKEY
- Incomes of 10.000 families living in ANKARA
- Annual return of 150 stocks traded on the ISTANBUL STOCK EXCHANGE
- Grade Point Averages of 500 students from different departments in your University - BILKENT
n: Sample
n: Sample
N: POPULATION
n: Sample