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When would you use Chebyshevs theorem and the empirical rule i
n business? How are they calculated? Provide one real-life example
that requires Chebyshevs theorem and one that requires the empi
rical rule.
1. What is statistics?
2. Explain the difference between descriptive and inferential sta
tistics.
3. Explain the difference between qualitative and quantitative d
ata.
4. Explain how populations and variables differ.
5. Explain how populations and samples differ.
6. What is a representative sample?
7. Explain the difference between a population and a process.
8. Define statistical thinking.
Administerthe survey.
Chapter 18: EX.2) Listed Below is the number of movie tickets sold
at the Library Cinema-Complex, in thousands, for the period from
2001 to 2013. Compute a five-year weighted moving average using
weights of 0.15, 0.15, 0.25, 0.16, and 0.29, respectively. Describe th
e trend in yield. EX 10) Appliance Center sells a variety of electronic
equipment and home appliance. For the last 4 years, 2010 through
2013, the following quarterly sales (in $ millions) were reported. D
etermine the typical seasonal index for each of four quarters.