The main goal of prescriptive analytics is to summarize a sample, not use data to learn about the population that the sample of data is thought to represent

Which of the following is an advantage to using the three-step writing process when creating reports?

A) The report can be used for internal and external audiences B) An analytical report can be easily converted to a proposal C) The purpose will be easier to define D) There will not be a need to develop a statement of purpose E) Less time is needed to write an effective report

A random sample of 121 bottles of cologne showed an average content of 4 ounces. It is known that the standard deviation of the contents (i.e., of the population) is 0.22 ounces. In this problem the 0.22 is

a. a parameter b. a statistic c. the standard error of the mean d. the average content of colognes in the long run