Bual 2600 - Study guides, Class notes & Summaries

A quality control worker at a factory selects the first 10 items she sees as her sample for the day. - ️️Convenience Sampling _ sampling is where we know the chance that each element will be included in the sample, which allows us to make statistical inferences about the sample population. - ️️Probability A restaurant leaves comment cards on all of its tables and encourages customers to participate in a brief survey to learn about their overall experience. - ️️Convenience Samp...

Dr. Gramling BUAL 2600 Final Exam

a ______ is the probability that one event will occur given that we know another event already has occurred - conditional probability a continuous probability distribution having rectangular shape, where the probability is evenly distributed over an interval of numbers is an ______ distribution - uniform a _____ is a measure of the chance that an uncertain event will occur - probability if events a & b are independent, then the probability of simultaneous occurrence of event A and event B ...

BUAL 2600 Yan Final Exam 2023 with complete solution

BUAL 2600 Auburn Review for Final (Exam 1, 2, 3) with complete solution

data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining or predictive analytics - Answer-the process of using transactional data to make other decisions and predictions business analytics - Answer-any use of statistical analysis to drive business decisio...

C. 2.74 Given the sample data set (225, 226, 232, 228, 229), what is the standard deviation? Population Variance σ² is the symbol for 23.00 If the variance for a population of 25 observations is equal to 529, the standard deviation is equal to Target was not happy or excited How did Target react to Duhigg wanting to research about their analytics (Hill, 2012)? The world is now more complex; if an analytics professional sees an opportunity where analytics might b...

data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining or predictive analytics - Answer-the process of using transactional data to make other decisions and predictions business analytics - Answer-any use of statistical analysis to drive business decisio...

BUAL 2600 Final Exam - Gramling.

data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining or predictive analytics - Answer-the process of using transactional data to make other decisions and predictions business analytics - Answer-any use of statistical analysis to drive business decisio...