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Business Statistics For Dummies, 2nd Edition
book

Business Statistics For Dummies, 2nd Edition

by Alan Anderson
January 2024
Beginner content levelBeginner
400 pages
9h 3m
English
For Dummies
Content preview from Business Statistics For Dummies, 2nd Edition

Part 1

Getting Started with Business Statistics

IN THIS PART …

  • Use histograms to provide a visual representation of the distribution of elements in a data set. A histogram can show which values occur most frequently, the smallest and largest values, and how spread out these values are.
  • Create graphs that reflect non-numerical data, such as colors, flavors, brand names, and so on. Graphs are used where numerical measures are difficult or impossible to compute.
  • Identify the center of a data set by using the mean (the average), median (the middle), and mode (the most commonly occurring value). These are known as the measures of central tendency.
  • Use formulas for computing covariance and correlation for both samples and populations; a scatter plot is used to show the relationship (if there is one) between two variables.
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Publisher Resources

ISBN: 9781394219926Purchase Link