The Analysis That Major League Baseball Uses to Create Its

question 30

Multiple Choice

The analysis that Major League Baseball uses to create its schedule each year, to optimize stadium commitments, travel, hotel, sponsorships and other factors, is an example of:

• A) Descriptive analysis
• B) Prescriptive analysis
• C) Chronological analysis
• D) Predictive analysis
• E) Spatial analysis

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Definitions:

Population Parameters

Statistical measures that summarize characteristics for an entire population, such as mean, variance, or standard deviation.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between certain characteristics of a population or data set.

PHStat

An Excel add-in that enhances and expands the statistical capabilities of Microsoft Excel by providing tools for statistical analysis.