Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
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Question
Chapter 1, Problem 1CE
(a)
To determine
Define population
(a)
Expert Solution
Explanation of Solution
A population refers to a group of all items of interest to a statistics practitioner. The overall group of objects about which conclusions are to be drawn are called the population.
(b)
To determine
Define sample
(b)
Expert Solution
Explanation of Solution
A subset or portion of the population that is actually obtained and that is used to draw conclusions about the population is called a sample.
(c)
To determine
Define parameter.
(c)
Expert Solution
Explanation of Solution
Parameter refers to any statistical measure that is based on all units in the population.
(d)
To determine
Define statistic.
(d)
Expert Solution
Explanation of Solution
Any statistical measure calculated on the basis of sample observation is called statistic.
(e)
To determine
Define statistical inference.
(e)
Expert Solution
Explanation of Solution
If the data consist of different methods for estimating the sample and drawing the inferences about the features of the population, then it is termed as a statistical inference.
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Chapter 1 Solutions
Statistics for Management and Economics (Book Only)
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