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Author Question: When quantity discounts are available, order an amount from the highest discount category. ... (Read 42 times)

plus1

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on: Jun 24, 2018
When quantity discounts are available, order an amount from the highest discount category.
  Indicate whether the statement is true or false

Question 2

Briefly describe the difference between a parameter and a statistic, and give an example of each.


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Laurenleakan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

F

Answer to Question 2

A parameter is a descriptive measure of a population, while a statistics is a descriptive measure of a sample.

Examples: The mean number of soft drinks consumed last week by all students at Notre Dame is a parameter; the mean number of soft drinks consumed last week by a sample of 450 students from Notre Dame is a statistic.


plus1

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

ghepp

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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