BUS 308 Week 1 Complete

Required Readings

Chapter 1: An Introduction to Business Statistics
Chapter 2: Descriptive Statistics: Tabular and Graphical Methods
Chapter 3: Descriptive Statistics: Numerical Methods

Discussions

Performance Report. You are the manager at a company and are asked to present a report on the year-to-date performance of your division. What type of statistical information would you include in your report? In particular, which descriptive statistics (mean, median, standard deviation, etc.) do you think would best represent the main aspects of the performance of your division? What types of graphical presentation (histogram, dot plot, stem-and-leaf, bar chart, etc.) would you include? Explain your reasoning. 

The Empirical Rule vs. Chebyshev’s Theorem. Discuss how the Empirical Rule works and how it relates to the bell curve as illustrated in Figure 3.14 (a). Then, explain Chebyshev’s Theorem and how it is different from the Empirical Rule. Give a specific example of a population with which the Empirical Rule might be most effective and one with which Chebyshev’s Theorem might be most effective.

Quiz

1. Due Day 6. Week One Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week One Problems. Complete the following problems from the textbook and submit them as a Word file. 

Chapter 1: 1.2, 1.17
Chapter 3: 3.3, 3.22