QNT 275 Week 1 Practice: Week 1 Discussion


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QNT 275 Week 1 Practice: Week 1 Discussion


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QNT 275 Week 1 Practice: Week 1 Discussion
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Review˙the˙Discussion FAQs Module.

Choose˙one statistical tool that you read about this week.

Consider˙a decision you need to make at work or at home.

Explain˙how this tool will help you make that decision.

Note:˙This must be original; do not use examples from the internet.

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Role of Statistics

Hi Class,

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The statistical terms you read in the earlier chapters of the book may be new to many of you.˙ In this week, you will be introduced to the ideas of research, data collection, analysis of data and information, and informed decision making.˙˙ I would like you to start thinking about the role of business research in your companies or other business with which you are familiar.

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Statistics plays an important role in our decision-making in our daily life, as you might notice.˙ If you like to watch sports, you probably already have been quoting some of the statistics on a sport team, a player currently and historically.˙ Often times, statistics bring information to you in its unique format, i.e. as data, then you absorb and understand it, finally you make a decision.˙ As a statistician working at FDA, I do this every day.˙ We review the statistical results and decide whether a drug is going to be safe and effective, and therefore ?approveable? for use by the patients.

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Do you have any examples on how statistics plays a role from your daily life or work place?

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Sample and Population

What is the difference between a sample and a population?

QNT 275 Week 1 Practice: Week 1 Discussion

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