How would you define statistics

Assignment Help Operation Management
Reference no: EM13810604

How would you define statistics? How is statistics used in business decision making?

What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.

How would you define a variable? What is the difference between a dependent and independent variable? Do you think we use both variables in every research? Explain why or why not. Provide examples.

How would you define dependent and independent variables? What is their significance in research? Explain with examples.

What are the four data measurement scales? Explain with examples. Which level of measurement is lowest and why?

How do we define measurement? What are various levels of measurement? How do you select measurement levels when developing a survey or data collection tool? Explain with examples.

What are data? What is the relationship between data and variables? What is your understanding of meaningful data?

Reference no: EM13810604

Questions Cloud

Discuss the variations of federalism in u.s. history : Discuss the variations of federalism in U.S. history. Explain why these variations were necessary and what accomplishments occurred during these variations
Operating cash flow if the company has no long-term debt : The Beach House has sales of $750,000 and a profit margin of 6 percent. The annual depreciation expense is $80,000. What is the amount of the operating cash flow if the company has no long-term debt?
Differences between probability and coincidence : What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not.
Initial outlay-what is the net present value of the project : A project has an initial outlay of $1,964. It has a single payoff at the end of year 7 of $6,219. What is the net present value (NPV) of the project if the company’s cost of capital is 10.89 percent?
How would you define statistics : How would you define statistics? How is statistics used in business decision making? What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.
Define the terms subject matter and personal jurisdiction : Define the terms subject matter jurisdiction and personal jurisdiction
Price of a given share of stock that currently trades : The risk-free rate is currently 2.8%. In one year the price of a given share of stock that currently trades at $40 per share is expected to either increase by 8% or decrease by 2%. What is the current value of a call on this stock with exercise price..
What is the recent political history of district and state : What is the recent political history of your district and state. How have they voted in recent presidential and congressional elections
Difference between sequential access and random access : What is the difference between sequential access and random access? What are BufferedInput/OutputStreams and why are they used? Write some Java code to illustrate how to create a BufferedInputStream

Reviews

Write a Review

Operation Management Questions & Answers

  Alcoa core values in practice discussion case

Read the Alcoa's Core Values in Practice Discussion Case. In one to two double-spaced pages, supported by evidence from your text and from other research, answer the following questions:

  What do you mean by transformation process can the

what is the transformation process?can the transformation process be applied to both goods and services?how might data

  Microsoft charging businesses to use skype

Examine the major advantages and disadvantages of Microsoft charging businesses to use Skype. Determine whether or not it would be beneficial for Microsoft to charge businesses for the use of Skype. Provide a rationale for your response.

  What are processes and techniques to make the budgeting

What are some processes and techniques that you would suggest to make the budgeting process work well? Start with general but also provide some specifics as relate to creating detailed project budgets. Be sure to justify why you think your recomme..

  Find the capacity at each station

Find the capacity at each station.

  How will different cultural perspectives of a region

How will different cultural perspectives of a region impact your global business operations? In your initial response, provide an example of one region

  Licensing rights to grow a new variety of rosebush

The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new variety of rosebush, which she could then sell for $6 each. Per-unit variable cost would be $3. If her available land has desig..

  What is the inventory turnover for the hamburger patties

Assume that the hamburger patties cost $1.00 a pound. What is the inventory turnover for the hamburger patties?

  Differentiate between intangible and tangible benefits

Differentiate between intangible and tangible benefits and list three examples of each. In what types of systems are intangible benefits more predominant?

  Evaluate alternative structures to determine

Evaluate alternative structures to determine which one would be most appropriate for Domino's to consider and discuss likely benefits Domino's would realize from adopting that structure. Provide specific examples.

  What are susan''s growth options

Growth can be good and growth can be bad. What does that mean with respect to this case? Prepare an argument for why Susan should not grow the business.

  Illustrate what action should la conya have taken

Louisa, a manager, is responsible for creating a team for development of a new product. Which of subsequent is most important for Louisa, if she needs to create synergy in this team.

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