Sample Solution from
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Chapter 1
Problem 1CR
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Textbook Problem

Define (a) statistic; (b) statistics.

Expert Solution

a.

To determine

Define the term statistic.

Explanation of Solution

The term statistic defines that it is a single measurement of a group of observations. It is useful for summarizing the sample data set.

Expert Solution

b.

To determine

Define the term statistics.

Explanation of Solution

The term statistics defines the science of collecting samples of the data that is organized in a particular format and analysed as per the requirement to interpret the results.

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