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Elmen96 Elmen96
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8 years ago
Which of the following is true about using sample data?
A) It is better to use sample data than trying to identify the underlying probability distribution and fitting a theoretical distribution to it.
B) Using sample data in a decision model increases the ability to predict uncertain events.
C) It can limit the ability to predict uncertain events that may occur because potential values outside the range of the sample data are not included.
D) All samples have the same characteristics and hence always adequately represent the underlying population.
Textbook 
Business Analytics

Business Analytics


Edition: 2nd
Author:
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kelbakelba
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8 years ago
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Elmen96 Author
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#2
8 years ago
Correct *once again*
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#3
8 years ago
Heavy Heart
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