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Assignment: Statistics for Decision Making
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.
M4D2 BUS- How does this affect decision making? Are these types of conflicts of interest avoidable? If so, how? If not, what can be done to minimize the possible unethical impact?
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