Identify the types of descriptive statistics, Statistics homework help

User Generated

Ubarloha58

Mathematics

Description

This is a repost from 4/25/2016. The tutor never did complete the assignment.  I need assignment done by 4/26/2016. 

Use a business problem/opportunity and research variable. Do not use McDonald's or Walmart

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. 
  • Analyze the role that linear regression for trend analysis might play in helping address the business problem.
  • Analyze the role that a time series might play in helping address the business problem.

Format your assignment consistent with APA guidelines.


User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Kindly use the second file. It is free of grammatical errors. Thank you.

1
Running head: BUSINESS PROBLEM ANALYSIS USING STATISTICAL METHODS

BUSINESS PROBLEM ANALYSIS USING STATISTICAL METHODS
Name:
Institution:
Course:
Date:

2
BUSINESS PROBLEM ANALYSIS USING STATISTICAL METHODS
Business Problem Analysis Using Statistical Methods
Markets are always changing, and the integration of information technology into it has
further made the corporate world improve its versatility in such situation with changing
consumerism. Most companies have had to shift from the proprietary system to that of the open
system. New markets are being exploited as competition stiffens, and globalization has become a
significant business opportunity but at the same time a problem to deal with. The diverse cultural
practices and preference offer great challenge to the success of a product on the global scale.
Hence to achieve this, companies have had to invest in more research considering both the
dependent and independent variables. In this case, the sales of the product are the dependent
variable while the global acceptability is the independent variable. Consequently, more data is
required for the global acceptability to determine what changes and approaches are to be applied
either in the production or marketing process.
The main aim of data collection here will be to relate the population about their versatile
nature to the products. Therefore, it will describe the changing habits/ preferences of the users
and forecast any future changes in demand. The descriptive stati...


Anonymous
I use Studypool every time I need help studying, and it never disappoints.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags