Prof. James Kelvin - Statistics in Business

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Purpose of Assignment 

 

The purpose of this assignment is to introduce students to the basic concepts in statistics and understand the terminology before the start of the class. 

 

Resources: Statistical Techniques in Business and Economics, Ch. 1. 

 

Refer to Ch. 1 of Statistical Techniques in Business and Economics and address the following in 1,050 words:

  • Describe the role and purpose of statistics.
  • Explain the primary types of statistics.
  • Contrast a population and a sample.
  • Compare the difference between a qualitative and quantitative variable. Provide one example of each.
  • Describe the four different levels of measurements. Give one example of each.

Format your paper consistent with APA guidelines. 

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