Questions from Business Statistics

Q: A consultant has just presented a very complicated statistical analysis, complete

A consultant has just presented a very complicated statistical analysis, complete with lots of mathematical symbols and equations. The results of this impressive analysis go against your intuition and...

Q: Continue to view this database as the sample space as in database

Continue to view this database as the sample space as in database exercise 1. a. Are the two events “training level A” and “training level B” independent? How do you know? b. Are the two events “train...

Q: Distinguish between an observational study and an experiment.

Distinguish between an observational study and an experiment.

Q: What are qualitative data?

What are qualitative data?

Q: What is an elementary unit?

What is an elementary unit?

Q: What is the difference between quantitative and qualitative data?

What is the difference between quantitative and qualitative data?

Q: What is a list of numbers?

What is a list of numbers?

Q: What is a variable?

What is a variable?

Q: How can you interpret the logarithm of a number?

How can you interpret the logarithm of a number?

Q: What is an outlier?

What is an outlier?