Class work 10/22/2019

What is statistics?

David Vaughn

Qnt/561

Heidi Clark

10/22/2019

What is statistics?

            The study of statistics is the study of gathered information that is then represented or interpreted to make a decision. The study of business statistics is similar and is what is used by those that are either in managerial positions or someone who does research. That may Market research or any other that may even include a scientist. The data is used to make a educated guess about what can be about any given situation.

Inferential

            Inferential data is the data that is extrapolated from a sample. This data is used to make a guess about a larger group and is done in hopes that this can serve as a enough to serve the purpose of the study in inductive statistics. Managers may use then when asked about the services rendered and may have to use the data form a marketing strategy through its employees.

Levels of measurement

            Nominal, Ordinal, Interval, Ratio are the levels of measurement and most closely that I can identify, may be used with a scatter plot.

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Published by David Vaughn

I am finishing up my Graduate degree in maybe 2020 or the middle of 2021. This is my first website and now I have a radio station connected to it. The radio station is fanbaseradio and is apart of another website I now own. I am hoping to continue to grow my network and develop a marketing firm. kewlbeer'd marketing affiliate of fanbase.

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