Descriptive statistics and inferential statistics

Assignment Help Applied Statistics

Reference no: EM13674863

Reflection
Statistics are used in all areas of human life and are divided into two branches, descriptive statistics and inferential statistics. The data is of various types and can be organized graphically. Simple probability concepts can be used in your personal and professional life. In this course, you learned about normal distribution. A normal distribution can be used to describe a sampling of means and to approximate other distributions such as the binomial distribution. You now know how to determine whether data falls within a normal distribution as well as how to facilitate data analysis. You can calculate specific data values for given percentages by using the standard normal distribution and also calculate the confidence level for a mean, a variance, and a standard deviation.
To prepare for this Discussion, consider how your attitude about effective management has been affected by the information you gained regarding statistics in this course.
Post by Day 3 a 200- to 250-word explanation of how your attitude about effective management has been affected by the information you gained regarding statistics in this course.
In your post, be sure to also identify the knowledge/insights you think will be most useful in developing your own management style. Explain why you chose that particular knowledge or those particular insights

Reference no: EM13674863

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