Question: In descriptive analytics, we use statistical concepts to summarize historical data to create useful information for decision-making. This involves working with data either as populations,
In descriptive analytics, we use statistical concepts to summarize historical data to create useful information for decision-making. This involves working with data either as populations, samples and identifying variables in a business environment. Explain the difference between i)sample and population, ii) qualitative and quantitative variables and iii) discrete and continuous variables.Provide an example for each.
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