TCC Business Discussion
Description
Based on your reading, in your own words, define the following terms:
- Selection bias
- Nonresponse bias
- Simple random sample
- Stratified random sample
- Cluster sampling
- Control chart
- Upper Control Limit
- Lower Control Limit-
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Based on your reading and, in your own words, answer the following questions: -
- What is the difference between a population and a sample?
- What is statistical quality control?
- What are the different types of of control charts? How are the used?
- What is the central limit theorem and why is it important to statistics?
- What is the sampling distribution of the sample mean?
- What is the difference between stratified versus cluster sampling?
Note: Make sure you fully develop your answers. No, one sentence or bullet point answers.
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