Bus 308 statistics for managers Study guides, Class notes & Summaries

Week 5 A BUS 308 What I have learned about statistics? BUS 308: Statistics for Managers Statistics play a major role in our society. Everywhere that we look statistics have been used to predict an outcome of what may happen such as with businesses, the economy, and jobs. Statistics can be defined as €œa branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data and a collection of quantitative data (Merriam-Webster Dictionar...

BUS308_Final_P 1 STATISTICS FOR MANAGERS BUS 308 Statistics for Managers Ashford University Introduction Statistics can be an intimidating term for many of the older generation. The first thoughts that come to mind at the mention of statistics for many are mathematical expressions and formulas. One example of the powerful intimidation was presented by Dr. Collins in his week 4, lecture 2, €œ€¦..we need to calculate a t-value for each correlation, using the formula: t