MGT 2250 Notes 8.22.07 - DATA: Factual information,...

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DATA: Factual information, expecially information organized for analysis or used to reasonb or make decisions 2. numerical or othere information represented in a form suitable form processing by computer. 3. values derived from scientific experiments The word data is the plural of Latin datum “something given” DATA Sources: 1. Archival (already stored somewhere, i.e. census) 2. Experimental (more science related) 3. Survey (go out into field) 4. Observational (observe, more with animals and such) Statistics: The mathematics of the collection, organization, and interpretation of numerical data. Descriptive Statistics: Focuses on the presentation of a set of data to describe the characteristics of that set. **Inferential Statistics: allows for the analysis of population characteristics by inference from a sample of the population** Population- (Parameter) totality of what we’re interested in (undergrads: all undergrads) Sample- (Statistic) subset of population Sampling vs. Census 1. Cost
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This note was uploaded on 04/24/2008 for the course MGT 2250 taught by Professor Milne during the Spring '08 term at Georgia Institute of Technology.

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MGT 2250 Notes 8.22.07 - DATA: Factual information,...

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