# CH01 - A sample is a set of data drawn from the population...

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1 Statistics for Management and  Economics- Sixth Edition Gerald Keller – Brian Warrack Chapter 1 – What is Statistics?

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2 Key Statistical Concepts population  is the group of all items of interest  to a statistics practitioners. It is frequently very  large.    A descriptive measure of a population is called a  parameter . The parameter of interest in Case  12.1 is the mean number of soft drinks consumed  by all the students at the university.
3 Key Statistical Concepts

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Unformatted text preview: A sample is a set of data drawn from the population. A descriptive measure of a sample is called statistic. 4 Figure A1.1 Blank Excel screen 5 Figure A1.2 Blank Excel screen 6 Data Analysis (Excel) The Analysis ToolPak is a group of statistical functions that come with Excel. Click Tools and Data Analysis … If Data Analysis … does not appear, click Adds-Ins … and select Analysis ToolPak ....
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CH01 - A sample is a set of data drawn from the population...

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