008. Chapter Checklist

1. Explain the importance of statistics and how you will use it to solve common business problems?

2. Discuss the manner in which a statistical background can open up career opportunities?

3. Construct and interpret a Pareto chart?

4. Distinguish between populations and their parameters, and samples and their statistics?

5. Define qualitative and quantitative variables, and give examples?

6. Explain sampling error, and cite it causes?

7. Discuss the five functions of statistics?

8. Define and give examples of the four levels of measurement of variables?

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