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TCC Business Discussion

TCC Business Discussion

Description

Based on your reading, in your own words, define the following terms:

  1. Selection bias
  2. Nonresponse bias
  3. Simple random sample
  4. Stratified random sample
  5. Cluster sampling
  6. Control chart
  7. Upper Control Limit
  8. Lower Control Limit-

  9. Based on your reading and, in your own words, answer the following questions:
    1. What is the difference between a population and a sample?
    2. What is statistical quality control?
    3. What are the different types of of control charts? How are the used?
    4. What is the central limit theorem and why is it important to statistics?
    5. What is the sampling distribution of the sample mean?
    6. 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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