Assignment Instructions/ Description
Discussion questions and answers. Provide in text citations and a reference for each one. Paragraph format. Each question should be answered with 80 words or more. 1. What is the purpose of descriptive statistics? Provide an example and share two different descriptive statistics.
2. What is qualitative data? What is quantitative data? Define and provide an example of each.
3. What are the four scales of measurement (noir)? Define each and provide and example?
4. What is the purpose of inferential statistics? Provide an example of when you would use inferential statistics over descriptive statistics.
5. How may variance and standard deviation be applied to a real-world business-related problem? Provide a specific application in which these measures are useful.
6. What is the difference between the mean and the median? Which would you use as a descriptive statistic with a skewed distribution?
7. When would you use descriptive over inferential statistics? Provide a specific scenario and explain your rationale.
8. What is the meaning of probability in statistics? What is the concept of probability?
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