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Business Analytics questions with actual correct answers 100%. $9.19   Add to cart
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Business Analytics questions with actual correct answers 100%.
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Business Analytics questions with actual correct answers 100%.

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  • August 26, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • business analytics questions with actual correct a

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  • Business Analytics
  • Business Analytics

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Business Analytics questions with
actual correct answers 100%.

What percentile does the mean represent? ANS - The answer cannot be determined without further
information. the mean's location depends upon the distribution of the data set.



What percentile does the median represent? ANS - What percentile does the median represent?



What percentile does the mode represent? ANS - The answer cannot be determined without further
information. the mean's location depends upon the distribution of the data set.



What happens to the sample mean and standard deviation as you take new samples of equal size? ANS
- The sample mean and standard deviation vary but remain fairly close to the population mean and
standard deviation



What happens to the sample mean and standard deviation as you increase the sample size? ANS - The
sample mean and standard deviation generally become closer to the population mean and standard
deviation



What probability falls within one standard deviation of the mean? ANS - 68%



What is the probability of obtaining a value less than or equal to two standard deviations below the
mean? ANS - 95%



What is the center value of the distribution of the sample means? ANS - According to the Central Limit
Theorem, if we take enough large samples, the mean of the set of sample means equals the population
mean.



What would increase the width of the confidence interval? ANS - Increasing the confidence level,
Decreasing the sample size

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