Business Discussion week 9 | Browse Solutions
Based on your reading, in your own words, define the following terms:
Simple random sample
Stratified random sample
Upper Control Limit
Lower Control Limit-
—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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