Questions from Business Statistics

Q: What can you gain by exploring data in addition to looking at

What can you gain by exploring data in addition to looking at summary results from an automated analysis?

Q: Answer the parts of exercise 1 using experience in place of annual

Answer the parts of exercise 1 using experience in place of annual salary. Data from exercise 1: Break down the annual salaries into three groups according to training level (A, B, or C). a.* Draw b...

Q: What is the difference between a histogram and a bar chart?

What is the difference between a histogram and a bar chart?

Q: What is the difference between discrete and continuous quantitative variables?

What is the difference between discrete and continuous quantitative variables?

Q: What is the main problem with skewness? How can it be

What is the main problem with skewness? How can it be solved in some cases?

Q: What is the difference between ordinal and nominal qualitative data?

What is the difference between ordinal and nominal qualitative data?

Q: Differentiate between time-series data and cross sectional data.

Differentiate between time-series data and cross sectional data.

Q: Differentiate between probability and statistics.

Differentiate between probability and statistics.

Q: Distinguish between primary and secondary data.

Distinguish between primary and secondary data.

Q: Why is it important to identify the source of funding when evaluating

Why is it important to identify the source of funding when evaluating the results of a statistical study?