Annie's Attic reported the following data:
Instructions: (1) Calculate the days' sales in inventory for each year, rounded to the nearest full day. (2) Comment on the trend in inventory management.
Definitions:
Directional
Pertaining to a hypothesis or test that specifies the expected direction of the relationship between variables.
Variability
The extent to which data points in a dataset differ from each other.
Sampling Distribution
The probability distribution of a given statistic based on a random sample.
Mean
The mathematical average of a set of numbers, calculated by adding them up and dividing by the count of those numbers.
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