Some Business Analytics Involve Starting with Many Variables,followed by Filtering

question 57

True/False

Some business analytics involve starting with many variables,followed by filtering the data by exploring specific combinations of categorical values or numerical range.

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Definitions:

Sample

A part of a population selected for measurement, observation, or questioning to provide information about the whole.

Population Frame

A complete list of all the items or individuals in the population to be studied, from which a sample is drawn for research.

Sampling Theory

A field of study concerned with the selection of individual observations intended to yield some knowledge about a population, especially for the purposes of statistical inference.

Participant Selection

The process of choosing individuals to take part in a research study based on certain criteria.