The binomial distribution has its applications in experiments in probability subject to certain constraints. These are: There is a fixed number of trials – for example toss a coin 20 […]
Variance Another statistical term that is related to the distribution is the variance, which is the standard deviation squared (variance = SD² ). The SD may be either positive or […]
Kurtosis is a statistical measure that defines how heavily the tails of a distribution differ from the tails of a normal distribution. In other words, kurtosis identifies whether the tails […]
Information Systems have made many businesses successful today. Some companies such as Google, Facebook, EBay, etc. would not exist without information technology. However, improper use of information technology can create […]
Enterprise resource planning (ERP) is a process used by companies to manage and integrate the important parts of their businesses. Many ERP software applications exist to help companies implement resource […]
Ethics means the set of rules or principles that the organization should follow. While in business ethics refers to a code of conduct that businesses are expected to follow while […]
Technology ethics (tech ethics) is a field of study that seeks to understand and resolve moral issues that surround the development and practical application of mechanical and electronic technology. Tech […]
Cyber-crime refers to the use of information technology to commit crimes. Cyber-crimes can range from simply annoying computer users to huge financial losses and even the loss of human life. […]
Cyber law is the part of the overall legal system that deals with the Internet, cyberspace, and their respective legal issues. Cyber law covers a fairly broad area, encompassing several subtopics […]
Data are simply facts or figures — bits of information, but not information itself. When data are processed, interpreted, organized, structured or presented so as to make them meaningful or […]
An operational support system (OSS) is a group of computer programs or an IT system used by communications service providers for monitoring, controlling, analyzing and managing a computer or telephone […]
Management support systems focus on managerial uses of information resources. These systems provide information to manage for planning and decision making. The information provided by these systems is based on […]
Process control systems (PCS), sometimes called industrial control systems (ICS), function as pieces of equipment along the production line during manufacturing that test the process in a variety of ways, and return data for […]
An Enterprise Collaboration System (ECS) is an information system used to facilitate efficient sharing of documents and knowledge between teams and individuals in an enterprise. ECS tools include the Internet, […]
Organizational behavior (OB) is the academic study of the ways people act within groups. Its principles are applied primarily in attempts to make businesses operate more effectively. The study of […]
The reason Organizational Behavior studies are uniquely useful for succeeding as a leader of a large business (or other organization). OB teaches you what makes people make decisions, why employees […]
Individual behavior can be defined as a mix of responses to external and internal stimuli. It is the way a person reacts in different situations and the way someone expresses […]
