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these the question of statistics for business decisions veek 2 Question 1 (10 marks) In your own words, differentiate the following statistical terminologies with some
these the question of statistics for business decisions
veek 2 Question 1 (10 marks) In your own words, differentiate the following statistical terminologies with some examples. a. Population Parameter and Sample Statistic (2.5 marks) b. Descriptive Statistics and Inferential Statistics (2.5 marks) C. Nominal Scale and Ordinal Scale (2.5 marks) d. Primary Data Source and Secondary Data Source (2.5 marks) Data showing the population by state in millions of people follow (The World Almanac, 2012). The dataset in Excel file 2012Population.xlsx. a. Develop a frequency distribution, a percent frequency distribution, and a histogram. Use a class width of 2.5 million. (4 marks) b. Does there appear to be any skewness in the distribution? Explain. (3 marks) c. What observations can you make about the population of the 50 statesStep by Step Solution
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