Straighterline Business Statistics - Chapter 3 Exam Questions With Correct Answers

Straighterline /




Business
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Statistics -
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Chapter
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3 Exam Questions With Correct Answers
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Parameter //- //CORRECT //ANSWERS(S)✔✔A //characteristic //of //a //population.



population /
/mean //- /


/CORRECT /


/ANSWERS(S)✔✔population /


/mean //= //sum //of //all //the //values //in //the //population /// //number //of //values //in //the //population




sample //mean //- //CORRECT //ANSWERS(S)✔✔"x //bar"

sample //mean //= //sum //of //all //the //values //in //the //sample /// //number //of //values //in //the //sample



statistic //- //CORRECT //ANSWERS(S)✔✔A //characteristic //of //a //sample.



arithmetic /
/mean //- /


/CORRECT /


/ANSWERS(S)✔✔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.