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

question 38

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Some business analytics involve starting with many variables,followed by filtering the data by exploring specific combinations of categorical values or numerical range.In Excel,this approach is mimicked by using a drill-down.


Definitions:

Annual Salary

The total amount of money earned by an individual from their employment over the course of a year.

Confidence Interval

A set of numerical values, calculated from statistics of a sample, which probably includes the value of an unidentified parameter of the whole population, with a specified degree of certainty.

Mean Fat Content

The average amount of fat found within a group of food items or samples.

Reduced-Fat Cookies

Cookies formulated with lower fat content compared to their traditional counterparts.

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