Statistics in Business QNT/351 LaShawn Smith University of Phoenix JONTE LEE Statistics in Business Statistics refers to the use of numerical information in everyday life to calculate facts and figures in limitless circumstances such as, batting averages, market share, and changes in the stock market. In addition, statistics refers to the scientific collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical
Words: 629 - Pages: 3
Statistics in Business Victoria Barry QNT 351 February 2, 2015 Cynthia McCahon Statistics in Business According to Lind (2011), statistics is defined as “the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions.” Types of Statistics There are two different types of statistics. The first type is known as descriptive statistics. According to McClave (2011), descriptive statistics “utilizes numerical and
Words: 661 - Pages: 3
Team A Reflection QNT/351 Team A Reflection The importance of an educated guess lies in a 5-step process of testing. Understanding one’s research and the validity in its process helps to determine an educated decision. Once a decision has been made, there may be an option of more than one choice, thus comparing the means of more than one group allows one to weigh options. Once a choice has been made and one must be chosen between two or more that have a correlating relationship, it is important
Words: 795 - Pages: 4
Analyzing and Interpreting Data Jonnerious Gilder, Darryl Hardamon, Tenisha Holman, Simona Lewis, Shawanna Nelson, and Christine Norris QNT/351 July 22, 2015 Huei Holloman Analyzing and Interpreting Data Describe the instrument used for data collection. Data instruments apply “to the levels of measurement of your independent variables and dependent variable” (Lind, Marchal, & Wathen, 2011, p. 5). Survey is a quantitative research approach, not a data instrument. However, “what a scale
Words: 697 - Pages: 3
Week 3 Team A BIMS Summarizing and Presenting Data QNT/351 Quantitative Analysis for Business June 2, 2014 Summarizing and Presenting Data In both employee surveys, BIMS used all three levels of measurement to analyze the data collected. In reviewing the findings from the employee survey, the ultimate goal was to get the overall census of the employees on the survey questions. These survey questions were engineered to evaluate the satisfaction level of the employees at BIMS and to reveal
Words: 2201 - Pages: 9
Reflection Kimberly Khalid, Magen Adams, Maria Orozco, Michelle Sachau QNT/351 January 26, 2015 Terrance Feravich Introduction As team C finishes week four of statistics 351, we have reviewed various aspects of testing a research hypothesis. Team C has also reviewed how to compare means of two or more groups and calculate the correlation between two variables. Team C has discussed some concepts that the team has struggled with and fully understood. Team C has also come to understand how this concept
Words: 1587 - Pages: 7
Student Program Audit Report SECTION 1: PROGRAM INFORMATION Program Title:BACHELOR OF SCIENCE IN BUSINESS Program ID:BSB/M~025A Program GPA:2.52 Admission Status:Admitted (01/18/2012) Program Academic Status:Regular (08/10/2011) Evaluation Status:Matriculated (01/11/2012) Student Academic Status:Regular (06/22/2011) SECTION 2: PROGRAM REQUIREMENTS SUMMARY CREDIT SUMMARY REQUIRED APPLIED DEFICIENT Maximum Lower Division Credits 75.0 69.0 0.0 Minimum
Words: 1375 - Pages: 6
Data Collection and Calculation: Real Estate Data QNT/351 Real Estate: Home Price and Size Analysis The purpose of this paper is to perform a descriptive statistics analysis on the real estate dataset. The analysis will be aimed at investigating relationships between the price of a home and the home’s square footage. The team will use the dataset to figure out if there is a direct relationship between price and square footage, the assumption being there is a positive correlation between home
Words: 1135 - Pages: 5
` Reflection Reflection For this week’s assignment, we were to execute “the steps in testing a research hypothesis, compare the means of two or more groups, and calculate the correlation between two variables.” Phoenix. (2016). Also, we were to reflect on topics we liked, struggled with and to show how we apply them to our real life. The steps in testing a research hypothesis In McClave text book, five steps of testing a research hypothesis were identified. According
Words: 1106 - Pages: 5
BIMS Research Study Overview QNT 351 January 17, 2012 Team, This is very well written and the research is one that can be effectively proven and lead to further analysis to improve employee/management relations. This is a very applicable business research problem. Watch out for grammatical errors and work on sentence structure. You might one to have additional references to strength you related literature. Overall, you did a nice job. 7.75/8.0 BIMS Research Study Overview Headquartered
Words: 1160 - Pages: 5
