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What are advantages of accurate interpretation of statistical information?
Wiki User
∙ 16y ago
If you interpret statistical information inaccurately, you will have no clue what is really happening. This is fine if you're a politician, but most businesses actually want to know what their customers want so they can improve sales.
Wiki User
∙ 16y ago
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What is the statistical function that accurately measures what it is intended to measure?
There is none. If an accurate measure was possible then statistical techniques would not be required. A maximum likelihood estimate is probably better than other statistical estimates.
Why does a statistical sample have to be large?
The larger the sample of data collected leads to a more accurate conclusion.
What are the advantages of data collection devices?
to be accurate
What are the advantages and disadvantages of acceptance sampling?
1).There may errors (Producer's and Consumer's risk) associated with the sampling. 2).The sample does not provide 100% accurate information of the condition of the bacth.
What are advantages and disadvantages between surveys and census?
Surveys are quick and census is more accurate.
Which country has accurate statistical data of population?
USA
What is the statistical function that accurately measures what it is intended to measure?
There is none. If an accurate measure was possible then statistical techniques would not be required. A maximum likelihood estimate is probably better than other statistical estimates.
Five advantages of grapevine communication?
1,its fast in spreading information 2.its information its accurate 3.both men and women actively participate in passing information 4.it builds relationship between people
Why does a statistical sample have to be large?
The larger the sample of data collected leads to a more accurate conclusion.
What is the interpretation of the fourth stanza?
The interpretation of the fourth stanza depends on the specific poem or text you are referring to. Can you provide more context or the specific stanza for a more accurate interpretation?
How does objectivity and subjectivity differ in the process of interpretation?
Objectivity in interpretation refers to presenting information without bias, personal opinions, or emotions, focusing solely on facts and evidence. Subjectivity, on the other hand, involves personal feelings, beliefs, and opinions influencing the way information is interpreted and presented. Striving for objectivity ensures a more impartial and accurate interpretation, while subjectivity can introduce bias and personal perspectives.
What are the advantages of data collection devices?
to be accurate
Advantages and Disadvantages Cash Receipt system?
A receipt has many advantages towards it as it using the cash receipts provides more accurate reporting. The ability to use actual cash receipts and cash payments provides better information on a company's cash use. In some cases, a company may operate under the cash basis accounting method to ensure the cash information is accurate.
How can you help friends who do not have accurate information?
You can provide them with accurate information yourself.
Is all encyclopedia information accurate?
Information contained in an encyclopedia need not be accurate.
Is the information found on webmd accurate?
Yes, the information on webmd is accurate because the information on that website comes from medical journals, and doctors that help with the site to provide medical information that is accurate.
What are the advantages of dynamic websites over static websites?
Static websites are websites where one has to update manual. A person, based on his time and availability, has to update the information which might be old, not accurate, etc. A dynamic website provides the update information automatically, with no manual intrusion, so as to be accurate in time and news.
