Business Statistics
Business Statistics
Could you do this ECON (Discovering Business Statistics) Discussion?
TEXTBOOK
Nottingham, Quinton J. and James S. Hawkes, Discovering Business Statistics. Hawkes Learning Systems, 2013 (ISBN: 978-1-935782-87-2).
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The following questions are intended to help you to master concepts covered in Module 1 Try to answer at least 5 of them. For those questions you cannot answer, describe the challenges that prevent you from doing so (do this for at least 2 questions). Each student is required to participate as this discussion counts for your attendance and gives you the opportunity to earn discussion credits.
1. What is the difference between population and sample?
2. What is the difference between parameter and statistic?
3. What is a frame?
4. Is a census different from a survey?
5. What is the difference between descriptive statistics and inferential statistics?
6. Why is it crucial to assess the quality of measurements and data?
7. What are the three questions we ask to determine whether we have good or bad quality measurements and data?
8. What are the 2 essential questions involved in developing a suitable measurement?
9. List the 4 steps of the scientific method.
10. What is the confounding variable and why a researcher must be more concerned by the presence of such variable when conducting a statistical analysis?
11. What is the role of data in decision making process?
12. What is fuzzy measurements and what types of challenges it is associated with?
13. What are the 2 types of methods of collecting data?
14. What is the difference between explanatory variable and response variable?
15. What are the differences between comparative experiments and before and after study experiments; and between Placebo Effects and Double-Blind-Studies?
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– Also, I will send you two of my classmates discussions to discuss with them.
– Write with easy simple words.
– I am an international male student.
– Please note that Professor is too serious about Plagiarism so please make it different.
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