Discuss the statistical terms


Discussion:

Define and discuss the following statistical terms within the context of a business example. Each answer should be one paragraph in length.

1. Statistics and descriptive statistics

2. Population and Sample

3. Cardinal, Ordinal, and Scale Data

4. Random sample, random error, sampling error

5. Qualitative variables

6. Quantitative variables

7. Discrete variables

8. Continuous variable

9. Observational study

10. Designed experiment

11. Null and Alternate Hypothesis

12. Randomized design and matched pair design

13. Scales of measurement, nominal scale, ordinal scale, ratio scale, and interval scale

14. Bar chart, pie chart, histogram, dot plot, stem and leaf plot, ogive

15. Measures of central tendency, mean, median, and mode Measures of central tendency

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Basic Statistics: Discuss the statistical terms
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