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What Is the Difference Between Data, Information, and Business Intelligence

question 74

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What is the difference between data, information, and business intelligence?


Definitions:

Sample Size

The number of observations or data points that are selected from a larger population for the purpose of statistical analysis.

Sample Proportion

The ratio of members in a sample that have a particular attribute to the total number of members in that sample.

Test Statistic

A value calculated from sample data during a hypothesis test that determines whether to reject the null hypothesis.

Approximately Normal

Describes data that roughly follows a normal distribution, though it may not perfectly fit the normal curve.

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