Categories

# Descriptive and inferential statistics | Management homework help

Word count is not measured; however, ensure there is enough discussion to have a substantial response.

Due by Thursday (55 points)

Initial Discussion. Respond to each of the following 11 questions:

Read and understand the selected learning objectives in the Lind et al. (2021) textbook.

Chapter 1: LO1-3 Descriptive Statistics; LO1-3 Inferential Statistics; LO1-5 Levels of Measurement

Chapter 2: LO2-1 Frequency Table; LO2-2 Chart Types

Chapter 1

1A. Describe the purpose of Descriptive Statistics

1B. Describe the purpose of Inferential Statistics

1C. Describe in your own words the difference between descriptive and inferential statistics.

Share two business scenarios each. You may draw on business scenarios from your work or personal experience, or from the Lind textbook.

1D1. Descriptive statistics would be more effective

1D2. Inferential statistics would be more effective.

E. List the characteristics in each type that make it more suitable for one approach over the other.

Levels of Measurement – Identify each as Nominal, Ordinal, Interval, or Ratio

1F1. Individual social security numbers.

1F2. Distance students travel to the grocery store.

1F3. The difference in mileage between Houston and Dallas.

1F4. A student’s academic class – freshman, sophomore, junior, or senior.

Chapter 2

2A. Give an example of how a Frequency Table could be used at work.

2B. List the charts used with Qualitative Data.