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26134 Business Statistics Notes

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This notes document consists of explanations for 3/4 of the semesters content !!

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22 Pages Complete Study Notes < 1 Year old
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Topics this document covers:
Descriptive statistics Probability and statistics Data analysis Moment Means Summary statistics Normal distribution Conditional probability 68–95–99.7 rule Median Mode Probability distribution
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Descriptive statistics Probability and statistics Data analysis Moment Means Summary statistics Normal distribution Conditional probability 68–95–99.7 rule Median Mode Probability distribution
Sample Text:
• Common uses of statistics: monitoring stock markets, market research, weather forecasting • Aim: to extracting information using the correct tool in a given context and communicating this in a appropriate fashion >> it is about the information being presented, not only just data • Statisticians >> the key person that determines what type of data are relevant to a given question, and how to obtain and analyse that data. Basic statistical concepts • Population: a collection of persons, objects or items of interest. E.g ‘cars’ • Census: a process of gathering data from a whole population for a given measurement of interest. • Sample: a portion of the whole, which, if taken properly, is represen...
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