QNT 351 - Week 1 Discussion Questions - 61007

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QNT 351 - Week 1 Discussion Questions

Discussion Question 1 : What is the importance of statistics in business decision making? Describe a business situation where statistics was used in making a decision.

 

Discussion Question 2 : How would you define a variable? What is the difference between a dependent and independent variable? Do you think both variables are used in each research? Explain why or why not. Provide specific examples showing the difference between dependent and independent variables.

 

Discussion Question 3 : Select four variables, other than what your fellow students have already selected, that could be measured by nominal, ordinal, interval, and ratio scale. Classify them by measurement scale and select descriptive statistics that can be used to summarize data. Use the following table when posting your response. Explain how you classified the variable by its level of measurement.

 

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QNT 351 - Week 1 Discussion Questions

Discussion Question 1 : What is the importance of statistics in business decision making? Describe a business situation where statistics was used i

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