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_________ Give Managers Access to Large Amounts of Data and the Processing

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_________ give managers access to large amounts of data and the processing power to convert the data into high-quality information quickly and efficiently.


Definitions:

Interval Estimate

A type of estimate used in statistics that specifies a range within which a population parameter is expected to lie with a certain level of confidence.

Distribution

Refers to the way in which something is shared out among a group or spread over an area.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used in the context of mean.

Point Estimate

A single value or statistic that is used to estimate the parameter of a population.

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