Week 3 -Business Statistics- Discussion - Initial Post due by Wednesday at 5pm CST

Week 3 Discussion

Distributions

To prepare for this Discussion, assume that your company is relocating you to a new city and state with an increase in salary. Assume a 15% salary increase for you, and that your spouse, if working now, can receive an equivalent salary with no difficulty after moving to the new location. Because you have been guaranteed that your stay will be at least three years, you begin thinking about buying a home there. One major problem is that you have no knowledge about the geographical area. Purchasing a home is a significant investment decision. Therefore, before you decide on your purchase, you need to have knowledge about the area.

Choose any city you wish to serve as your fictitious relocation site and research the current statistical information you will need to make an informed decision. Research the municipal, public safety, real estate, and other websites for information on the location of your choice. Also, consider visiting the Sperling’s Best Places website for additional information. Note the statistical facts you feel will help you to make an educated decision.

Post by Day 3 a 200- to 250-word statement explaining whether you would immediately buy a home in the relocation site or not. Also, explain which statistical facts contributed most to your decision and why.

Read a selection of your colleagues’ postings.

Respond by Day 6 to two or more of your colleagues' postings in one or more of the following ways:

• Ask a probing question.
• Share an insight from having read your colleague's posting.
• Offer and support an opinion.
• Make a suggestion.
• Expand on your colleague's posting.

Return to this Discussion in a few days to read the responses to your initial posting. Note what you learned and the insights you gained from the comments your colleagues made.

Note: Refer to the Discussion Template in the Course Information area of the course navigation menu for your main post and response.

Week 3 Learning Resources

Required Resources

Readings

• Bluman, A. G. (2014). Elementary statistics: A step-by-step approach(9th ed.). New York, NY: McGraw-Hill.
  • Chapter 6, “The Normal Distribution” (pp. 311–368)

Optional Resources

•  Khan Academy. (2014). You can learn anything. Retrieved from www.khanacademy.org
• Sperling’s Best Places. (2014). Best places. Retrieved from http://www.bestplaces.net/
• University of Baltimore. (2015). Dr. Arsham’s statistics site. Retrieved from http://home.ubalt.edu/ntsbarsh/Business-stat/opre504.htm
• Note: Although not required, you may consider reviewing all sections in your course text on Minitab, Microsoft Excel, and TI-83 and 84 as optional material that may be helpful.