Questions from Business Statistics


Q: What is a bimodal distribution? What should you do if you

What is a bimodal distribution? What should you do if you find one?

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Q: Why is it important in a report to explain how you dealt

Why is it important in a report to explain how you dealt with an outlier?

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Q: View each column as a collection of independent observations of a random

View each column as a collection of independent observations of a random variable. a. In each case, what kind of variable is represented, continuous or discrete? Why? b.* Consider the event “annual sa...

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Q: What kinds of trouble do outliers cause?

What kinds of trouble do outliers cause?

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Q: Consider the cumulative distribution function: a. What is it

Consider the cumulative distribution function: a. What is it? b. How is it drawn? c. What is it used for? d. How is it related to the histogram and box plot?

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Q: How do you usually define the mode for a quantitative data set

How do you usually define the mode for a quantitative data set? Why is this definition ambiguous?

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Q: What is a percentile? In particular, is it a percentage

What is a percentile? In particular, is it a percentage (e.g., 23%), or is it specified in the same units as the data (e.g., $35.62)?

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Q: What is an outlier? How do you decide whether a data

What is an outlier? How do you decide whether a data point is an outlier or not?

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Q: What is the average? Interpret it in terms of the total

What is the average? Interpret it in terms of the total of all values in the data set.

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Q: What is a weighted average? When should it be used instead

What is a weighted average? When should it be used instead of a simple average?

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