1-2 Homework Problems: Textbook Assignment Assignment

1-13. Suppose Fortune would like to determine the average age and income of its subscribers. How could statistics be of use in determining these values?

1-21. Suppose a survey is conducted using a telephone survey method. The survey is conducted from 9 A.M. to 11 A.M. on Tuesday. Indicate what potential problems the data collectors might encounter.

1-26. Briefly describe how new technologies can assist businesses in their data collection efforts.

1-41. According to the U.S. Bureau of Labor Statistics, the annual percentage increase in U.S. college tuition and fees in 1995 was 6.0%, in 1999 it was 4.0%, in 2004 it was 9.5%, and in 2011 it was 5.4%. Are these percentages statistics or parameters? Explain.

1-65. In a business publication such as The Wall Street Journal or Business Week, find a graph or chart representing cross-sectional data. Discuss how the data were gathered and the purpose of the graph or chart.

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1-13. Suppose Fortune would like to determine the average age and income of its subscribers. How could statistics be of use in determining these values?
Statistics is mostly used to determine the numerical values of a data which cannot be determined qualitatively. In the case where Fortune would like to determine the average age and the income of its subscribers, Fortune would be required to use statistical inference, particularly……………………..

APA 514 words