Insert Title Here Running Head Insert Title Here Inse 018380

Insert Title Here 3running Head Insert Title Hereinsert Title He

[INSERT TITLE HERE] 3 [INSERT TITLE HERE] Student Name Allied American University Author Note This paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR’S NAME]. PART I: APPLICATION Directions : Please answer each of the following questions (responses should be at least two paragraphs in length and be written in complete sentences, if applicable). Show essential calculations, if applicable. 1. Describe the difference between a population and a sample.

A population is the entire set of individuals or objects that could be observed or measured. A sample is a subset or portion of a population. 2. A New York newspaper reported the average gasoline prices in four metropolitan areas and used a bar chart to illustrate the differences. What type of statistics was shown?

What activities did the newspaper use to make the report? The newspaper used descriptive statistics. The statistical activities use to make the report were collecting data, summarizing the data, and presenting the data. 3. Research a management or marketing article/news/publication that writes about a topic founded on the use of statistics.

Evaluate the information according to the following questions and directions. · Determine whether the existing information is adequate or additional information is required to support the topic. · Is the presentation of statistics misleading in the context of the topic? · Was statistics used only as numerical information or the framework for decision-making? · Was the information summarized in a useful and informative manner? · Analyze and draw your own observations/inferences/conclusions about the information presented based on information you have learned from this module. PART II: CASE STUDY Directions : Please conduct the following case study. You will work on this case study for Modules 1 through 8.

Identify a business topic of interest to you. It could be an issue with which you are familiar from your workplace or one that you have read about in the media or for another course Please identify three (3) types of statistics that a business decision maker would find helpful to address this curiosity or solve this business problem. Please also explain why these statistics would be relevant. PART III: JOURNAL ACTIVITY Please identify one key concept from this module that you find particularly challenging or relevant to your interests. Write a short paper (2 to 3 pages) explaining it in greater depth.

Remember to cite your sources. Please visit the Academic Resource Center (ARC) for concise guidelines on APA format.

Paper For Above instruction

The assignment encompasses three main parts: an application of statistical understanding, a case study, and a reflective journal activity, all centered around the use of statistics in business contexts. The first part requires a comprehensive explanation of basic statistical concepts, specifically the difference between population and sample, the application of descriptive statistics in real-world reporting, and an evaluation of a management or marketing article that uses statistical information. The goal is to demonstrate an understanding of how statistical data is collected, summarized, and presented, as well as critically analyzing the adequacy and honesty of statistical reporting in business articles.

In the second part, students are asked to select a business topic of interest—either from personal experience, media, or academic readings—and identify three types of statistics that a business decision-maker would find helpful. The purpose is to connect theoretical knowledge with practical decision-making, illustrating how different statistical measures can inform strategies, forecasts, or problem-solving approaches within a business context. Explaining the relevance of each statistic furthers understanding of their practical applications.

The third part focuses on introspection and application of learning by identifying a key concept that was either particularly challenging or highly relevant. Writing a short paper allows the student to delve deeper into this concept, reflect on its importance, and explore its implications for their understanding of business statistics. Proper citation of sources, adhering to APA guidelines, is emphasized throughout to ensure academic integrity and proper referencing.

In conclusion, this assignment seeks to develop a comprehensive understanding of how statistics underpin decision-making in business environments. Through descriptive explanations, applied case study analysis, and reflective practice, students enhance their ability to interpret and critically evaluate statistical information vital for strategic planning and problem-solving in real-world settings.

References

• Conover, W. J. (1999). Practical Nonparametric Statistics. John Wiley & Sons.
• Keller, G. (2013). Statistics for Management and Economics. Cengage Learning.
• Mendenhall, W., Ott, L., & Sincich, T. (2019). A First Course in Statistics. Pearson.
• Newbold, P., Carlson, W. L., & Thorne, B. (2019). Statistics for Business and Economics. Pearson.
• Ott, L. (2018). An Introduction to Statistical Methods and Data Analysis. Cengage Learning.
• Salkind, N. J. (2017). Statistics for People Who (Think They) Hate Statistics. Sage Publications.
• Gelman, A., & Hill, J. (2006). Data Analysis Using Regression and Multilevel/Hierarchical Models. Cambridge University Press.
• Everitt, B. (2002). The Cambridge Dictionary of Statistics. Cambridge University Press.
• Freedman, D., Pisani, R., & Purves, R. (2007). Statistics. W. W. Norton & Company.
• Agresti, A., & Franklin, C. (2016). Statistics: The Art and Science of Learning from Data. Pearson.