Statistics in Business

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Mathematics

Description

1) What is the role and purpose of statistics.

2) Define the 2 primary types of statistics.

  • Type 1: ­_____________
  • Type 2: _____________

3) Provide an example of a population and a sample of that population.

  • Population:
  • Sample:

4) Provide an example of a qualitative variable and a quantitative variable.

  • Qualitative Variable:
  • Quantitative Variable:

5) What are the four different levels of measurements? Give one example of each.

NO PLAGIARISM !!!!!!

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Explanation & Answer

Here is my answer :)

Statistics in Business
1) What is the role and purpose of statistics.

Statistics are the basis of practical and real knowledge. Statistics, although it is
a science of exact extraction, has a direct interference in social questions for
which its practical utility is much more comprehensible than what normally
happens with other exact sciences like mathematics. It can be said that the
main purpose and purpose of statistics is precisely the collection and grouping
of data of different types to build with them statistical reports that give us idea
on different and very varied subjects, always from a quantitative and nonqualitative point of view . This is very important to note since statistics then
become a science that tells us about quantities (for example, how many people
live in a country per square meter) but does not give us direct information about
the quality of life of those people. However, despite what is mentioned in the
previous paragraph, the interesting thing about statistics as a science is that in
many cases, the quantitative information that gives us allows us to know that
level much better to a society, for example how many people live in a country,
what is the unemployment rate, what is the rate of indigence or poverty, what is
the average level of education of that society, etc. All these numerical data are
used by government officials through their various agencies and secretariats to
then carry out projects of different types that have to do with improving that
situation or keep it in case it is good.

2) Define the 2 primary types of statistics.
• Type 1: Descriptive statistics
It can be defined as a method to numerically describe numerous sets. Because
it is a m...


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