Briefly discuss the importance to a company when it comes to sampling.

Sampling and Sample Distribution and Errors.

Sampling and Sample Distribution and Errors: during those times it is difficult to count an entire population, sampling is one great way to test that population and the results. These are results that a statistic can take and how often each result can happen. The textbook in Chapter 7 discusses the Cell Phone Case Cost reduction by companies as one example. Briefly discuss the importance to a company when it comes to sampling. Terms like mean and standard deviation and sample errors should be factored into your discussion. Try to incorporate a real example.

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