Friday, June 24, 2011

Doing Statistics assignments and homework was never so easy.

Statistics is gaining importance these days as it opens up new fields of work and opportunity in front of students but it’s not everyone’s cup of tea.


Doing Statistics assignments and homework was never so easy.

We all are well aware about the difficulty level of problems in statistics and it is no fun solving them. But now with the help of many online educational service providers all these can be solved easily. There are many firms which are offering online educational services these days but how can one judge which company to go for especially when it comes to subject like maths and statistics assignment help.It is a difficult question which no one has answer, unless and until you yourself experience the services of that educational firm. Many firms don’t even provide answers and don’t even refund the amount of money to the student. What one can do, is to first read the reviews of the service provider on internet if any by reading them one can get fair idea about how the service provider is performing.

Tutorhelpdesk is one of the leading brands in providing online assignment help to the students. It covers all areas and provide help in economics assignments, finance, maths, accounting , physics, chemistry, biology, statistics, etc.
Statistics tutors at Tutorhelpdesk.com are certified experts with vast experience in assignment solving, teaching and research. They are knowledgeable and well aware of the various concepts of Statistics and their application. We take all the prerequisites and requirements into consideration before solving an assignment to minimize all kinds of errors.

Our Statistics tutors are excellent in their respective fields with experience of solving more than thousand assignments. Statistics tutor at tutorhelpdesk make use of graphs, tables and organized data to make the solution more presentable. It helps to understand the concept better and improve your grades at school or college at a very affordable price. It provide help in all areas of statistics like:
• Probability theory
• Random variables
• Distribution function
• Expected value and variance
• Chebyshev’s Inequality
• Law of Large Numbers
• The Central Limit Theorem
• Median and quartiles
• Mean value
• Empirical standard deviation
• Statistical hypothesis testing
• Binomial distribution
• Poisson distribution
• Geometrical distribution
• Hypergeometrical distribution
• Multinomial distribution
• Negative binomial distribution
• Exponential distribution
• Normal distribution
• Tests in the normal distribution
• Analysis of variance (ANOVA)
• The chi-squared test
• Contingency tables
• Distribution-free tests
• Linear regression
• SAS
• Minitab
• SPSS
• STATA
• MATLAB

Experts at tutorhelpdesk specializes in the most difficult areas of statistics like Minitab, SPSS, STATA, MATLAB etc. They have helped many students to get good marks in statistics.
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Managerial Economics & Business Economics as Business strategy

Managerial economics is fetching great importance these days. It is gaining importance as a tool of building great business strategies to fight competition.


What is managerial economics??

Managerial economics is defined as ‘consisting the use of economic mode of thought to analyze business situations. Managerial Economics had its beginning in the early part of 1950’s. It has progressively displaced the term business economics. It refers to the firm’s decision-making process.

Managerial economics is more of an “Applied economics” used in decision making. It bridges the gap between economics theory and managerial practices. It emphasizes the use of economic analysis in clarifying problems, in organizing and evaluation information and comparing alternative courses of action. It also provides application in managing non-profit organizations and public sector undertakings. To some Managerial economics is applied economics plus the application of economic theory and methodology to business administration practices. It uses the tools and techniques of economic analysis to solve business problems. It provides the link between traditional economics and the managerial decision making. Making use of scarce resources effectively is nothing else but its same as building effective business strategy to cut competition and gain advantage over others. So managerial economics help business managers these days to apply the rules of economics practically to build the best competitive business strategy. Knowledge of managerial economics help a manager to practically apply the concepts in the real world and fight the competition effectively.

Managerial economics consists of many different topics like,
• Introduction to Managerial Economics
• Role of Managerial Economics in Decision Making
• Opportunity cost Principle
• Production Possibility Curve
• Incremental Concept
• Cardinal and Ordinal Approaches to Consumer Behaviour
• Equi-Marginal Principle
• Law of Diminishing Marginal Utility
• Indifference Curve Analysis
• Demand Analysis
• Demand Function
• Determinants of Demand
• Elasticity of Demand
• Demand Estimation and Forecasting
• Production Function
• Short Run and Long Run Production Analysis
• Isoquants
• Theory of Cost and Market Structures
• Economies of Scale and Economies of Scope
• Revenue curves
• Price-Output decisions under Perfect Competition
• Monopoly
• Monopolistic Competition
• Oligopoly
• Strategic Behaviour of Firms
• Game Theory
• Nash Equilibrium
• Prisoner’s Dilemma
• Price and Non-price Competition.

So it becomes necessary for today’s teachers to make the potential managers experts in the field of applying the concepts of managerial economics this can be done by giving the students case studies on managerial economics or managerial economics assignments and homework . For example if we talk about production function then the question arises how one can use it practically in taking business decisions. One can easily predict with the help of production functions about how much production should be done, which production cycle to follow i.e. long run or short run, how to allocate the factors of production effectively to get maximum output out of them. Likewise all the concepts of managerial economics can be put to use for strategic business decision making. As a student of management if you face problem on any topic of managerial economics, you can contact tutorhelpdesk for any kind of expert help, problem solving, assignment help and homework help.

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