
"To use statistical methods to make decisions, we need access to data. Consider the following examples about decision making.
1. A government agency wants to find the average income of households in the United States.
2. A company wants to find the percentage of defective items produced on a machine.
3. A researcher wants to know if there is an association between eating unhealthy food and cholesterol level.
4. A pharmaceutical company has developed a new medicine for a disease and it wants to check if this medicine cures the disease.
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Details
- Publication Date
- Mar 26, 2013
- Language
- English
- Category
- Education & Language
- Copyright
- All Rights Reserved - Standard Copyright License
- Contributors
- By (author): Homework Help Classof1
Specifications
- Format