BUEC 232 Chapter 1: BUEC – CH 1

• School: Simon Fraser University
• Department: Business Economics
• Course: BUEC 232
• Professor: Andrew Flostrand

Document Summary

Science dealing with the collection, analysis, interpretation, and presentation of numerical data. Collect data analyze data interpret data present findings. A collection of persons, objects or items of interest. All automobiles, or all ford focus cars produced from 2012-2013 . Gather data from the whole population for a given measurement of interest. Government measures all persons living in the country or when researcher interested in grade point average of all students in university. A portion of the whole and, and if properly taken, represents the whole. A portion of a group, like taking random sample of 40 employees instead of census of company. Using data gathered on a group to describe or reach conclusions about the same group ex. Using class statistics to summarize a class"s examination results and to conclude about the class only. Gathers data from a sample and uses the statistics generated to reach conclusions about the population from which the sample was taken.