INSTRUCTOR\\\'S SOLUTIONS MANUAL_to Accompany James T. McClave P. George Benson and Terry Sincich\\\'s_STATISTICS FOR BUSINESS AND ECONOMICS 10th Edition

Descriptive statistics utilizes numerical and graphical methods to look for patterns, to summarize, and to present the information in a set of data. Inferential statistics utilizes sample data to make estimates, decisions, predictions, or other generalizations about a larger set of data. 1.4 The first element of inferential statistics is the population of interest. The population is a set of existing units. The second element is one or more variables that are to be investigated. A variable...