business-decision-making-project-part-2-3

Use the same business problem/opportunity and research variable you wrote about in Week 3.

Note: Do not actually collect any data; think hypothetically.

Develop an analysis of 1,050 words in which you:

  • Identify the types of descriptive statistics (numerical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Identify the types of descriptive statistics (graphical measures) that might be best for summarizing the data, if you were to collect a sample.
  • Analyze the role probability (for example, expected values or finding the probability of incurring a loss, etc.) might play in helping address the business problem.