STATISTICS

STATISTICS

PART ONE:

Numbers and measurements are the language of business.  Organizations look at results in many ways: expenses, quality levels, efficiencies, time, costs, etc. What measures does your department keep track of? Are they descriptive or inferential data, and what is the difference between these?  (Note: If you do not have a job where measures are available to you, ask someone you know for some examples, or conduct outside research on an interest of yours, or use personal measures.)

 

PART TWO:

View the YouTube video,  The Role of Data & Analytics Today, and provide an example or situation of the use of data analytics in a work or personal situation.  Discuss how the use of analytics helped resolve the issue.

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