BUEC 232 Lecture Notes - Lecture 2: United States Treasury Security, Level Of Measurement, Zomby

• School: Simon Fraser University
• Department: Business Administration and Economics
• Course: BUEC 232
• Professor: bisher

Document Summary

Processing and analyzing data e. g. tra(cid:272)ki(cid:374)g lo(cid:374)g ra(cid:374)ge te(cid:373)perature tre(cid:374)ds to deter(cid:373)i(cid:374)e if this (cid:455)ear"s (cid:449)eather is a(cid:374) i(cid:374)di(cid:272)atio(cid:374) of climate change. Collecting, presenting, and transforming data to assist decision making. A population (universe) is the collection of all members of a group of interest. A sample is a portion of the population selected for analysis. A parameter is a numerical measure that describes a characteristic of a population. A statistic is a numerical measure that describes a characteristic of a sample. These are not always clearly and universally understood, for example: Used when entire population can be measured (chapters 1-3) Drawing conclusions about a population based only on sample data. The population of interest might include data at times that are in the future, so samples allow for (cid:862)fore(cid:272)asti(cid:374)g(cid:863). (chapters 5-12) These two branches are used in important business activities. Descriptive methods used to create charts & tables.