MGMT 1050 Chapter 1: MGMT 1050 - Textbook Chapter 1 Notes
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Descriptive statistics methods of organizing, summarizing, and presenting data in a convenient and informative ways. Exit polls random sample of voters who exit the pilling booth are asked for whom they voted for. Inferential statistics - a body of methods used to draw conclusions or inferences about characteristics of population based on sample data. Population: the group of all items of interest to a statistics practitioner. Does not necessarily refer to a group of people: parameter: a descriptive measure of a population. Sample: is a set of data from the studied population: descriptive measure of a sample is called a statistic. Excel can perform statistical procedures in several ways: statistical using functions, spreadsheets use statistical functions to create spreadsheets that calculate inference methods, analysis toolpak group of procedures comes with every version of excel.
