All-American Sports can purchase sneakers for $450 per dozen less trade discounts of 14/12 from Ideal Shoes. Fancy Footwear is offering the same sneakers for $435 less trade discounts of 18/6. Which supplier offers a lower net price?
Section 1.1 The Structure of Data Statistics: Unlocking the Power of DatLock Outline ●Data ●Cases and variables ●Categorical and quantitative variables ●Explanatory and response variables ●Using data to answer a question Statistics: Unlocking the Power of DLock Why Statistics ● Statistics is all about DATA ○ Collecting DATA ○ Describing DATA – summarizing, visualizing ○ Analyzing DATA ● Data are everywhere! Regardless of your field, interests, lifestyle, etc., you will almost definitely have to make decisions based on data, or evaluate decisions someone else has made based on data Statistics: Unlocking the Power of Data Lock Data ● Data are a set of measurements taken on a set of individual units ● Usually data is stored and presented in a dataset, comprised of variables measured on cases Statistics: Unlocking the Power of DatLock Cases and Variables A case or unit is a subject/object in the study that we want information on.. A variable is any characteristic that is recorded for each case. Ex: If I ask 5 students what is their favorite flavor of ice cream There are 5 cases, thus “5 students” The variable is “favorite flavor of ice cream” Statistics: Unlocking the Power of Data Lock5 Intro Statistics Survey Data Statistics: Unlocking the Power of Data Lock5 Categorical vers