Business Statistics Basics

Business Statistics Basics
The characteristics that are intended to be analyzed and investigated for a given population are classified as
exponents
constants
variables
exponential base
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Business Statistics Basics
The group of observations for which better understanding is needed and the group is related to specific phenomenon is classified as
population
population statistic
phenomenon statistic
parameter statistic
Author: rikazzz Comment
Business Statistics Basics
The range or set of values which have chances to contain value of population parameter with particular confidence level is considered as
secondary interval estimation
confidence interval estimate
population interval estimate
sample interval estimate
Author: rikazzz Comment
Business Statistics Basics
The measurement scale in which the values are categorized to represent qualitative differences and ranked in meaningful manner is classified as
valid scale
discrete scale
ordinal scale
continuous scale
Author: rikazzz Comment
Business Statistics Basics
In confidence interval estimation, the confidence efficient is denoted by
1 + β
1 – β
1 – α
1 + α
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