Explain the importance of sampling from a managerial perspective.

What is data? What is sampling? Explain the importance of sampling from a managerial perspective.

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What is data? What is sampling? Explain the importance of sampling from a managerial perspective. Provide examples.

Please use the following reference:

Evans, J.R (2013). Statistics, data analysis, and decision modeling (5th ed). Upper Saddle
River, NJ: Prentice Hall.

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