Sales Comparison With Basic Statistical Analysis
3 important questions on Sales Comparison With Basic Statistical Analysis
What is the meaning of using the sales comparison with statistical analysis?
Statistical inference (statistical estimating) provides objective measures of the reliability of the point estimate.
What is the advantage of using statistical analysis in the sales comparison
Statistical inference produces not only a point estimate of value (expected sales price), but also an interval range of values for the probability.
Which two parameters form the basis to determine a normally distributed population?
The two parameters are the mean and the standard deviation.
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