Statistics in Business
1) What is the role and purpose of statistics.
2) Define the 2 primary types of statistics.
- Type 1: _____________
- Type 2: _____________
3) Provide an example of a population and a sample of that population.
- Population:
- Sample:
4) Provide an example of a qualitative variable and a quantitative variable.
- Qualitative Variable:
- Quantitative Variable:
5) What are the four different levels of measurements? Give one example of each.
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