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Business Statistics Chapters 1-4 Exam Study Guide
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Business Statistics Chapters 1-4 Exam Study Guide Mean - answerAverage; the sum total of a data set divided by the number of values in the set. Gives the average value of the entire set Median - answerThe middle value of a data set that is in numerical order. If the number of values is even you divide the middle two values. Mode - answerThe number that occurs most in a data set. If every number occurs the same amount of times there is no mode Descriptive Statistics - answer"Tabular, graphical, and numerical summaries of data." Examples: Skewness, Average, Etc Nominal Scale - answer"The scale of measurement for a variable when the data are labels or names used to identify an attribute of
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Business Statistics
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Business Statistics
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business statistics chapters 1 4 exam study guide
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