Contemporary Decision Making
Consider how the type of variable (qualitative and quantitative) and the level of measurement used influence the presentation of the data collected for the variable and the statistics that can be calculated for the variable. Provide your own examples.
consider the following situation: You are standing on the bank of a river.
Assume the current is not a factor and you only have the mean as the information for the depth of the river posted on the river bank. Is this sufficient information to allow a person who is 5 ft 7in tall to safely cross the river?
Provide an example of empirical probability ?
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