Last week the More Joy, a commercial fishing boat in Alaska, brought in 360 pounds of salmon, 225 pounds of halibut, and 570 pounds of cod. At the dock, the catch was sold to Pacific Seafood Wholesalers. The salmon brought $3 per pound; the halibut, $4 per pound; and the cod, $5 per pound. If fuel and crew expenses amounted to $1,644, how much profit did Captain Bob make on this trip?
Important Vocabulary Chapter 1 Data interpretations engaged from a group of people on one or more variables. Types of Variables Categorical values are CATEGORIES Scale of calculation o Nominal values that are categorical that CANNOT be systematic. Example gender cannot be ordered o Ordinal values that are categorical that CAN be systematic such as small too big. Quantitative values are meaningful NUMBERS Scale of calculation o Interval meaningful numbers. We know the difference between the variables. Such as time. o Ratio meaningful numbers. We know the difference between the variables and consider zero. It can be subtracted, divided, multiplied, or added. Such as weight. Descriptive Statistics describing the data one has Inferential Statistics how we are using the data and what we are using it for. Such as using our statistics from a sample to signify the population Parameter number figure to represent the Population Statistic number figure to represent the Sample n Number of individuals in a sample bulk N Number of individuals in a population bulk Simple Random Sampling Hat Method. List of individuals, shake randomly, then pick