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Discussion: (TRUSTING THE RESULTS)
If you were to read the results of a study showing that daily use of a certain exercise machine resulted in an average 10-pound weight loss, what more would you want to know about the numbers in addition to the average? (Hint: Do you think everyone who used the machine lost 10 pounds?)
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Reply in a scholarly and substantive manner
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The main objective of this study is to determine the use of various statistical techniques for different business situations. Here, we use the statistical techniques, starting from descriptive statistics to correlation and time series analysis. We also perform investment portfolio to select the optimum project that will earn higher profits. Therefore, we can find what all the statistical methods were used and where it should be used.
Hint: Do you think everyone who used the machine lost 10 pounds?)• . • - . • • Post a response to the question by Thursday, 11:59pm CST. • Reply in a scholarly and substantive manner to at least one of your classmates by Sunday,
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