Estimation is the process of inferring the value of an unknown population parameter using data from a random sample

The implementation of LP models in the era of Big Data requires that data scientists consider a trade-off between less-than-optimal but practical solutions and optimal-but-complex and often delayed solutions

a. True b. False

Competitive intelligence refers to

A) the experience of a competitive company B) the knowledge base of a competitive business owner C) the data collected about competitive businesses D) the ability to think analytically about a business