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Author Question: A recent report stated Based on a sample of 160 truck drivers, there is evidence to indicate that, ... (Read 222 times)

evelyn o bentley

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on: Jun 24, 2018
A recent report stated Based on a sample of 160 truck drivers, there is evidence to indicate that,
  on average, independent truck drivers earn more than company-hired truck drivers.
 
  Does this
  statement describe descriptive or inferential statistics?
  A) Descriptive statistics B) Inferential statistics

Question 2

The ___________________ ______ represents the lower limit of how much you should pay to gather a sample to acquire additional information about the alternatives.
 
  A) expected value with sample information
  B) expected value without sample information
  C) expected value of sample information
  D) expected value of perfect information
Business Statistics ¦ Donnelly ¦ 2nd Edition
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izzat

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

B

Answer to Question 2

C


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