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1.6 Importance of Statistics in Business 1.7 Limitations of statistics 1.8 Summary 1.9 Self-Test Questions 1.10 Suggested Readings 1.1 INTRODUCTION Statistical data are the basic raw material of statistics. Data may relate to an activity of our interest, a phenomenon, or a problem situation under study. They derive as a An Introduction to Basic Statistics and Probability – p. 11/40. Parameters vs. Statistics A parameter is a number that describes the population. Usually its value is unknown. A statistic is a number that can be computed from the Probability density function f(x) = 1 Improved relationships to the business line organizations 37 9.02% 91.95% Improved ability to plan actions 33 8.05% 100.00% (b) “Easier-to-use analytic tools” is the most frequently mentioned need, followed by “Improved ability to present and interpret data”, “Improved ability to predict impacts of Free download of Basic Business Statistics for Management and Economics by Srinivas R. Rao. Available in PDF, ePub and Kindle. Read, write reviews and more Note: If you're looking for a free download links of Basic Statistics for Business and Economics Pdf, epub, docx and torrent then this site is not for you. Ebookphp.com only do ebook promotions online and we does not distribute any free download of ebook on this site. Basic Business Statistics Concepts.pdf - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and easily.
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