Statistical Techniques in Business and Economics

Question description

The purpose of this assignment is to introduce students to the basic concepts in statistics and understand the terminology before the start of the class.

Assignment Steps

Resources: Statistical Techniques in Business and Economics, Ch. 1.

Refer to Ch. 1 of Statistical Techniques in Business and Economics and address the following in 1,050 words:

  • Describe the role and purpose of statistics.
  • Explain the primary types of statistics.
  • Contrast a population and a sample.
  • Compare the difference between a qualitative and quantitative variable. Provide one example of each.
  • Describe the four different levels of measurements. Give one example of each.