Question: -What is the difference between population and sample? - What are the different measures of location? Describe each and tell how they can be useful.

-What is the difference between population and sample? - What are the different measures of location? Describe each and tell how they can be useful. - What are measures of dispersion? Describe each and tell how they can be useful. - What are measures of shape? Describe each and tell how they can be useful. - What is categorical data? What descriptive statistics are appropriate for it? Why? - What are outliers? Why is an understanding of them important? - How can statistical thinking be used in business decision making

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