1 PAGE minimum. Ensure questions are answered thoroughly. Thanks
1. Explain the importance of statistics in business.
2. What is the difference between a population and a sample?
3. List the different types of charts available in Excel, and explain characteristics of data sets that make each chart most appropriate to use.
4. What statistical measures are used for describing dispersion in data? How do they differ from one another?
5. Explain the concept of correlation and correlation coefficient. How would you interpret correlation coefficients of:
+ 0.3,
0.0 [zero], and
-0.95
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