QU1 mod 1 data description and presentation

Question 1

why do we care about statistics?

Answer 1

statistics is a way to get informaiton from data

Question 2

define Data

Answer 2

a set of numbers that that represents some typeof metric or measurement

Question 3

what is infomration

Answer 3

is what the data means

Question 4

give an example of data

Answer 4

list the salary figures of all new CGA last year

Question 5

give an exasmple oof information

Answer 5

avg salary of new CGAs with similar degress

Question 6

what is population

Answer 6

the set of all values under consideration

- define it careful so you cover the correct scope

Question 7

define population

Answer 7

the set of all balues under consideration

- define it carefully

Question 8

Ex. of population
should lcient open a new tim horton’s franchise?
to estimate sales potential , what population would yuou study?

Answer 8

maybe population = all Tim HOrtons in Ontarioa nd quebec that are loated in towns with a population of between 100,000 and 200,000

Question 9

in determining better informaiton: what kinds of questions can you ask?

Answer 9

1. waht info does the client need
2. what will help them make a better decision (avg annual sales, range of sales for best and worst locations, monthly sales or wekely?
3. cleint needs to assess risk, so generate inf tha can help with that