[ADMS 2320] - Final Exam Guide - Comprehensive Notes for the exam (26 pages long!)

• School: York University
• Department: Administrative Studies
• Course: ADMS 2320
• Professor: Nursel Ruzgar

Document Summary

Statistics is taking the data and turning it into information to make a decision. Population is the entire business application: example: canada. Business usually choose sample because it"s cost (cheaper), time (time-value information), resources (labour is quite extensive), accessibility (primary reason; sometimes you can"t access the whole population, like getting a response from all of canada) Longer it takes to collect, the less value it puts on your decision. Population is more accurate because you are including everyone and their value. Descriptive statistics means we are describing the data to organize and make a decision from it. **most important slide is types of data and information** Variable is just something we want to study: example: ask class for the brand of cellphone, the variable is the type of phone. The different types of data can dictate what you can do to the data. Age, height, weight, distance, time, temperature, price, taxes, scores, sports analytics, hours of sleep, income.