STATISTICS 250 WORD COUNT 1

STATISTICS  250 WORD COUNT       1

Numbers and measurements are the language of business.  Organizations look at results in many ways: expenses, quality levels, efficiencies, time, costs, etc. What measures does your department keep track of? Are they descriptive or inferential data, and what is the difference between these?  (Note: If you do not have a job where measures are available to you, ask someone you know for some examples, or conduct outside research on an interest of yours, or use personal measures.)

Guided Response:  Review several of your classmates’ posts. Respond to at least two of your classmates by providing recommendations for the measures being discussed