New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Business Statistics 2340 Week 1 & 2 Notes

by: Bergen Eskildsen

Business Statistics 2340 Week 1 & 2 Notes OIS 2340

Marketplace > University of Utah > Statistics > OIS 2340 > Business Statistics 2340 Week 1 2 Notes
Bergen Eskildsen
The U
View Full Document for 0 Karma

View Full Document


Unlock These Notes for FREE

Enter your email below and we will instantly email you these Notes for Business Statistics

(Limited time offer)

Unlock Notes

Already have a StudySoup account? Login here

Unlock FREE Class Notes

Enter your email below to receive Business Statistics notes

Everyone needs better class notes. Enter your email and we will send you notes for this class for free.

Unlock FREE notes

About this Document

These notes cover what was taught in class and should prepare you for the homework Chapter 1 & 2 HW assignment
Business Statistics
Mohammad Amin Morad
Class Notes
Statistics, Graphs, Data Analysis




Popular in Business Statistics

Popular in Statistics

This 2 page Class Notes was uploaded by Bergen Eskildsen on Thursday August 18, 2016. The Class Notes belongs to OIS 2340 at University of Utah taught by Mohammad Amin Morad in Fall 2016. Since its upload, it has received 4 views. For similar materials see Business Statistics in Statistics at University of Utah.

Similar to OIS 2340 at The U

Popular in Statistics


Reviews for Business Statistics 2340 Week 1 & 2 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 08/18/16
Business Statistics Notes Week 1 & 2: August 23, August 30 Quantitative Data:  Discrete (e.g. number of children)  Continuous (e.g. weight, volume) Qualitative Data: information about qualities; information that can't actually be measured Nominal Data (nomial­names)  Lowest form of data (e.g. comparison)  Nonnumeric label/code  Equality (=) relationship  No meaningful data  (e.g. What is your gender?...male, female / What is your hair color?...blonde, brown,  black, other ) Ordinal Data (numerical)  All characteristics of interval data  Data labels with order  Equality (=) greater, less than ><  No meaningful interval distance  (e.g. How do you feel today?..1. very happy 2. Unhappy 3. Okay 4. Happy 5. Very  happy) Interval Data  Characteristics of ordinal data  No meaningful zero or ratio  Distance between 2 data can be measured Ratio Level Data:  All characteristics of interval data   True Zero Poin  (zero means “none”) o $0 balance is no money in account Statistics: Corresponding measures computed for a sample 4 types of statistics: Simple random, stratified, systematic, cluster 1. Simple Random: equal chance 2. Stratified: Divide population into subgroups (strata) according to common  characteristics 3. Systematic:   decide sample size (n)   divide ordered frame of (N) individuals into groups of (k) individuals (K=N/n)  st  Randomly select one individual from 1  group 4. Cluster: Divide into clusters each representative of population, select simple random  samples of clusters Descriptive Statistics: uses data to provide descriptions of population either through numerical  calculations or graphs/tables Inferential Statistics: Makes inferences/predictions about population based on sample data  taken from population in question Parameters: descriptive numerical measures, such as average or proportion, computed from  entire population Time series: is a sequence taken at successive equally spaced points in time Cross­sectional data: collected by observing many subjects (such as individuals, firms,  countries, or regions) at the same point of time, or without regard to differences in time. Data Collection issues:  Data accuracy  Interview Bias  Nonresponsive Bias  Selection Bias  Observer Bias  Measurement Error  Interval Validity  External Validity  Histograms: only used to plot the frequency of score occurrences in a continuous data set that  has been divided into classes, called bins. Cannot have gaps between bars. QUANTITATIVE Frequency Distributions: should have between 5 and 20 classes. a mathematical function  showing the number of instances in which a variable takes each of its possible values.


Buy Material

Are you sure you want to buy this material for

0 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.