Week 4-Business Decision Making Project Part 2
Use the same business problem/opportunity and research variable you wrote about in Week 3.
Remember: Do not actually collect any data; think hypothetically.
Develop a 1,050-word report in which you:
- Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample.
- Analyze the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample.
- Analyze the role probability or trend analysis might play in helping address the business problem.
Format your assignment consistent with APA guidelines.
………………Answer Preview………….
Descriptive statistics include short descriptive coefficients that give a summary of the desired set of data of an entire population or a sample. The case with globalization as a business challenge descriptive statistics can be used to summarize information on how well a business is suited to take on this concept to increase its competitive advantage. Similarly, descriptive statistics will be used to assess how best the dependent variable is affected by the independent variables. For example, a statistically summarized data on managerial skills can be used to select the best team of managers that will make the best out of the dependent…
APA
1088 words
