Business Decision Making Project – Part 2

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Business Decision Making Project – Part 2

Use the same business problem/opportunity and research variable you wrote about in Week 3.

Note: Do not actually collect any data; think hypothetically.

Develop an analysis of 1,050 words in which you:

  • Identify the types of descriptive statistics (numerical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Identify the types of descriptive statistics (graphical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Analyze the role probability (for example, expected values or finding the probability of incurring a loss, etc.) might play in helping address the business problem.

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