Chapter 1: An Introduction to Business Statistics
CHAPTER 1-An Introduction to Business Statistics
1.1 1.2 A population is a set of existing units. Consumers utilizing a particular product. Any characteristic of a population unit is called a variabl
Chapter 2: Descriptive Statistics
CHAPTER 2-Descriptive Statistics
2.1 a. b. c. d. 2.2 a. Both halves are mirror images of each other and one peak in the middle, tapering on both ends. Two distinct high points. Having a long tail to the left. Having
Chapter 3: Probability
CHAPTER 3-Probability
3.1 Experiment-Any process of observation that has an uncertain outcome. Event-A set of sample space outcomes. Probability-The probability of an event is the sum of the probabilities of the sample space o
CHAPTER 4-Discrete Random Variables
4.1 4.2 4.3 A random variable is a variable that assumes numerical values determined by the outcome of an experiment. The values of a discrete random variable can be counted, or listed; the values of a continuous r