Exam (elaborations)
Straighterline Business Statistics - Chapter 3 – Questions with 100% Scores
- Course
- Institution
Straighterline Business Statistics - Chapter 3 – Questions with 100% Scores
[Show more]
Content preview
Straighterline Business Statistics -Chapter 3 – Questions with 100% Scores
Parameter - - A characteristic of a population.
- population mean - - population mean = sum of all the values in the
population / number of values in the population
- sample mean - - "x bar"
sample mean = sum of all the values in the sample / number of values in the
sample
- statistic - - A characteristic of a sample.
- arithmetic mean - - A widely used measure of location. There are three
properties:
1. Every set of interval level or ratio level data has a mean.
2. All of the values are included in computing the mean.
3. The mean is unique, there is only one.
4. The sum of the deviation of each vale from the mean is zero.
-
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Nursephil2023. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75759 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now