Describe the role of statistics in business decision-making

Assignment Help Business Economics
Reference no: EM131344001

Assignment

Develop a 875-word response that addresses each of the following prompts:

• Define statistics with citation and reference.
• Contrast quantitative data and qualitative data. Use two Peer Reviewed references.
• Evaluate tables and charts used to represent quantitative and qualitative data.
• Describe the levels of data measurement.
• Describe the role of statistics in business decision-making.
• Provide at least two business research questions, or problem situations, in which statistics was used or could be used.

Use two peer reviewed references.

Format your assignment consistent with APA guidelines.

Reference no: EM131344001

Questions Cloud

Discuss influence decision-making process had on the outcome : Discuss the influence the decision-making process had on the outcome. Evaluate the effectiveness of the process. What stages were most challenging and why?
Appropriate number of significant figures in answer : How many grams of Mg(OH)2 will be needed to neutralize 25 mL of stomach acid, if stomach acid is 0.10 M HCl? Hint: write out the balanced equation to start. Include units and the appropriate number of significant figures in your answer.
Empirical formula of a compound : Find the empirical formula of a compound that is made of 48.38% carbon, 8.12% hydrogen, and 53.5% oxygen by mass.
Change is associated with the reaction to obtain : 1. What energy change is associated with the reaction to obtain one mole of H2 from one mole of water vapor? The balanced equation is 2 H2O(g) g 2H2(g) + O2(g) and the relevant bondenergies are: H-H = 436 kJ/mol; H-O = 467 kJ/mol; O-O = 146 kJ/mol..
Describe the role of statistics in business decision-making : Describe the levels of data measurement. Describe the role of statistics in business decision-making. Provide at least two business research questions, or problem situations, in which statistics was used or could be used.
Analyze the general transition of us health laws : Differentiate between the concepts of criminal law, antitrust, and health care as they apply to U.S. health law in the 21st Century.Conceptualize the primary ways in which these laws apply to U.S. health care administrators.Analyze the general tra..
Write rational arrow-pushing mechanisms leading : Write rational arrow-pushing mechanisms leading to three additional products that might have been formed in the reaction of alpha-pinene oxide with aqueous sulfuric acid that are different from the product you isolated and the decomposition produc..
Calculate the volume of gas occupied : Calculate the volume of gas occupied by 0.840 moles of Nitrogen gas at a pressure of 1.37 atm and a temperature of 315 K. R = 0.0821L atm/mol K
Discuss about the post given below : You posted my homework just the other day and I have gotten some of the very most incrediable people that have offered to take this job. I want to explain my situation to you all, I found out almost a year ago I am terminally ill and with that cam..

Reviews

Write a Review

Business Economics Questions & Answers

  Hypothetical supply and demand schedules

Consider the following hypothetical supply and demand schedules for milk, with price (P) expressed in ¢/lb and quantities (Q) expressed in billion lbs: Supply: P = 10 + 0.8 Q Demand: P = 60 – 2 Q.  Compute the equilibrium price and the equilibrium qu..

  Elucidate what do the opponents of globalization criticize

Elucidate what do the opponents of globalization criticize. With regard to consumerism, immigration, and nutrition, where do you find their critiques compelling.

  Quantity demanded is less than percentage change in price

If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:

  United states custom and border protection

You work for a national chain of clothing stores that is considering importing textile from India into the United States. You want to determine whether the goods are subject to import quotas. Using information provided by the United States Custom and..

  Non-transactions deposits

The currency-deposit ratio has been and is likely to remain relatively stable. The ratio of non-transactions deposits to transactions deposits increased by a factor.

  Describe the primary activities of the design phase of sdlc

Provide three different options that are available when selecting an identifier for a student entity. What are the pros and cons of each choice? Describe the primary activities of the design phase of the SDLC.

  Kerosene for space heating during winter season

The present price (year 0) of kerosene is $4.30 per gallon, and its cost is expected to increase by 10% per year. (At the end of year 1, kerosene will cost $4.73 per gallon.) Mr. Garcia uses about 800 gallons of kerosene for space heating during a wi..

  Maximize profits by using markup pricing strategy

It is not possible to maximize profits by using a markup pricing strategy. To maximize profit, a firm should apply a uniform markup to each product it sells. Using markup pricing is more complicated than simply setting price equal to marginal cost.

  Responsibility to dispose of the extrusion machine

Your company has a customer who is shutting down a production line, and it is your responsibility to dispose of the extrusion machine. The company could keep it in inventory for possible future product and estimates that the reservation value is $250..

  Discuss the motivational implications of a job

Discuss the motivational implications of a job which provide autonomy and personal responsibility to the employee. Discuss the motivational implication of a job involves not much significant task.

  Knowledge of the price elasticity of demand

Consider the following: “In 1973 several major oil producing countries formed a cartel. The cartel effectively decreased the supply of crude oil. Gasoline prices rose sharply as did the total expenditures on gasoline.” Use a supply/demand diagram of ..

  Illustrate what would neoclassical economists say

Illustrate what would neoclassical economists and new dissidents have to say about former Bush Administration's efforts to push forth a Free Trade of Americas with our South American, Central American and North American neighbours.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd