Descriptive Statistics and Managerial Decision-Making

Assignment Steps

· Show research on the matter that is properly cited and referenced according to APA with references

· Your posts that you want to count toward your substantive participation grade should be at least 100-150 words of each one of the following subjects:

1. How would you use descriptive and inferential      statistics to study the impact of decisions you must make in your personal      or professional life?
2. Scenario: The NFL has a regular season of 16      football games. The Football Database (2017) shows the Detroit Lions have      had the following wins/loss record for the last 10 years since 2008 (See Attached).      Based on the description of each probability method above, what is the      probability that the Detroit Lions will make it to the playoffs in the      2018 season. How have you used probability in one of your own      decision-making scenarios?
3. How to implement key statistical concepts: population      vs. sample, descriptive vs. inferential statistics, parameter vs.      statistic, variables, levels of measurement, and qualitative vs.      quantitative data?
4. How to measure measures of      central tendency: mean, median, and mode?
5. How to use measures of      variation: range, variance, standard deviation, and coefficient of variation?
6. How to evaluate skewness of a      distribution?
7. How to use      percentiles, quartiles, and the Five-Number Summary?
8. How to      evaluate probabilities using relative frequency approach?
9. Describe what probability is and when one would use it?