Describe Sampling and samling distributions in business statistics in 175 words please type response.

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Describe Sampling and samling distributions in businessstatistics in 175 words please type response.

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sampling and sampling distribution in business statistics In statistics sampling distributions are the probability distributions of any given statistic based on a random sample and are important because they provide a major simplification on the route to statistical inference they allow analytical considerations to be based on the sampling distribution of a statistic rather than on the joint probability distribution of all the individual sample values Regression analysis is a statistical tool used for the investigation of relationships between variables Usually the investigator seeks to ascertain the causal effect of one variable upon another the effect of a price increase upon demand for example or the effect of changes in the money supply upon the inflation rate how See Answer

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