## Applied Business Statistics |

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### Contents

Key Terms | 31 |

Experiment Sample Space and Event | 42 |

Rules of Probability | 48 |

Copyright | |

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### Common terms and phrases

05 level 95 confidence interval Act2 alternative hypothesis arithmetic mean assume average base period batteries binomial distribution brand column computed conditional opportunity losses confidence interval estimate correlation coefficient cost decision rule defective degrees of freedom denoted determine difference dollars Establish a 95 event example expected opportunity loss expected profit expenditures Explained variation F-ratio Figure income independent variables level of significance line chart manufacturer marbles measure million monthly sales normal curve normally distributed null hypothesis observations obtained optimal act outcomes payoff table perfect information permutations population mean posterior probabilities price relative index prior probabilities probability of getting problem quantity regression coefficient regression equation sample means sample of 100 sample proportions sample space Select a random significance of 01 simple random sample Solution standard deviation standard error statistical population statistics trend equation trend value type I error units variance voters weight