QNT561 Week 1 DQs Understand what statistics is and how it is useful for making managerial decisions

QNT561 Week 1 Discussion Questions Understand what statistics is and how it is useful for making managerial decisions

  • 1.1 Understand what statistics is and how it is useful for making managerial decisions.
  • 1.2 Understand the key statistical concepts: population vs. sample, descriptive vs. inferential statistics, parameter vs. statistic, variables, levels of measurement, and qualitative vs. quantitative data.
  • 1.3 Analyze various measures of central tendency: mean, median, and mode.
  • 1.4 Analyze measures of variation: range, variance, standard deviation, and coefficient of variation.
  • 1.5 Evaluate skewness of a distribution.
  • 1.6 Analyze percentiles, quartiles, and the Five-Number Summary.
  • 1.7 Describe what probability is and when one would use it.
  • 1.8 Evaluate probabilities using relative frequency approach.

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Use each of these bullet points to write one paragraph for discussion posts in 100 word minimum and include a reference for each question.

Course: QNT561 Applied Business Research & Statistics
School: University of Phoenix

  • : 20/01/2018
  • : 50
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