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Earn +20 ptsQ: Why would a company use a sample?
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How can you use statics in accounting?
Statistics are used in auditing. Auditing a large company with millions of transactions would be impossible. So auditors pull a statistical sample to determine if accounting records are correct.
Why is a sample often used instead of a census?
because its faster and then when you use a sample you can easily make accurate predictions about what would/will happen next
Graphs and intercepts in the real world?
businesses would use them to predict trends in data and statisticians would use them to extrapolate the results of a sample group of a study or survey.
Sample A weighed 3 ounces Sample B weighed 814 thousandths of an ounce more than Sample A What decimal should you use to record the weight of Sample B?
.00814
What is the sample size definition?
Sample size is the number of samples arawn from a population. If you drew 20 samples, your sample size would be 20.
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