BUS 308 Week 1 Quiz
Calculating the median requires data of at least what level?
If sales data are reported in dollar values, what is the scale of the data?
Empirical probability is
A probability is found by dividing the number of possible outcomes (0) by the number of successes (e)P = o/e.
Which of the following measures central tendency and includes data from every score?
Name: Jennifer Lucas
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A parameter refers to a sample characteristic.
The mean is?
The probability of two independent events occurring together equals the product of each of the individual event probabilities.
Days of the week are considered what level of data?
Data on the ages of customers are ratio scale data.