Prelude Reacting to numbers I van is the product manager in charge of blenders for a manufacturer of household appliances. Last month’s sales report showed a 4% increase…
Slide 1 Review of Basic Statistical Concepts Farideh Dehkordi-Vakil Slide 2 Inferential Statistics Introduction to Inference The purpose of inference is to draw conclusions…
Slide 1 Business Statistics for Managerial Decision Introduction to Inference Slide 2 The purpose of inference is to draw conclusions from data. Conclusions take into account…
Applied Business Forecasting and Regression Analysis Review lecture 3 Statistical Inference Statistical Inference A market research firm interviews a random sample of 2500…
Silent Do Now (5 minutes) *Take out your homework and your weekly sheet!. What does the word CONFIDENCE mean? If I asked you to pick a number, can I be more confident that…
Business Statistics for Managerial Decision Introduction to Inference Introduction to Inference The purpose of inference is to draw conclusions from data. Conclusions take…