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| Topic: |
Business
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| Number of pages / Number of words: |
2 / 464 |
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Chapter 1
Introduction of Business Statistics
An important decision-making tool in business and is used in virtually every area of business.
Among the more common meaning of the word are:
1) the science of gathering, analyzing, interpreting and presenting data
2) a branch of mathematics
3) a course of study
4) facts and figures
5) a death
6) sample measurement
7) type of distribution used to analyze data
Statistics are broadly used in business, including:
1) the discipline of accounting
2) decision sciences
3) economics
4) finance
5) management
6) management information systems
7) marketing
8) production
The study can be subdivided into two main areas:
1) Descriptive statistics – results from gathering data from a body, group, or population and reaching conclusion only about that group
2) Inferential statistics – are generated from the process of gathering sample data from a group, body, or population and reaching conclusions about the larger group from which the sample was drawn
Population defines as a collection of persons, objects or items of interest...
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Chapter 1
Introduction of Business Statistics
An important decision-making tool in business and is used in virtually every area of business.
Among the more common meaning of the word are:
1) the science of gathering, analyzing, interpreting and presenting data
2) a branch of mathematics
3) a course of study
4) facts and figures
5) a death
6) sample measurement
7) type of distribution used to analyze data
Statistics are broadly used in business, including:
1) the discipline of accounting
2) decision sciences
3) economics
4) finance
5) management
6) management information systems
7) marketing
8) production
The study can be subdivided into two main areas:
1) Descriptive statistics – results from gathering data from a body, group, or population and reaching conclusion only about that group
2) Inferential statistics – are generated from the process of gathering sample data from a group, body, or population and reaching conclusions about the larger group from which the sample was drawn
Population defines as a collection of persons, objects or items of interest...
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