APPLIED STAT.IN BUS.+ECONOMICS
APPLIED STAT.IN BUS.+ECONOMICS
6th Edition
ISBN: 9781259957598
Author: DOANE
Publisher: RENT MCG
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Chapter 1, Problem 1CR

Define (a) statistic; (b) statistics.

a.

Expert Solution
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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.

b.

Expert Solution
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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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APPLIED STAT.IN BUS.+ECONOMICS

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