Exam (elaborations)
BSTAT 3321 UPDATED Test Questions and CORRECT Answers
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What is stats?the practice or science of collecting and analyzing numerical data in large quantities, especially for the purpose of inferring proportions in a whole from those in a representative sample In what aspects of business are stats applied?accounting, economics, finance, human resources management, marketing, operations management What business questions does stats answer?Does this ad improve sales? Is it worth the money to advertise? Stats is a way to get info from data. How?Data(facts) gives you stats which gives you info(knowledge & insight) What is a population?Group of ALL items of interests Often very large Example: all the users who visit a Yahoo page but may or may not see an ad
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BSTAT 3321
Course
BSTAT 3321
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