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MBA5800 Capella University Inferential Statistical Methods Discussion

Inferential Statistical Methods Using ExcelDiscussion ResourcesThe following resources will help you complete this discussion and may be useful in completing your third assignment.Lind, D. A., Marchal, W. G., & Wathen, S. A. (2019). Basic statistics for business and economics (9th ed.). New York, NY: McGraw-Hill.Chapter 5, “A Survey of Probability Concepts.”Review this chapter as needed.Chapter 8, “Sampling Methods and the Central Limit Theorem.”Sampling a population gives us information to make judgments and inferences about the population. This chapter discusses methods of selecting a sample from a population and how to think about the distribution of the sample.Thomas, R., & McSharry, P. (2015). Big data revolution: What farmers, doctors, and insurance agents can teach us about patterns in big data. West Sussex, England: Wiley.Chapter 7, “Government and Society.”Chapter 8, “Corporate Sustainability.”InstructionsUsing the work you did for your last assignment, write two to three sentences introducing the company whose stock you downloaded. Then explain the process by which you created each required graph. It is acceptable to reuse the text from your assignment for this discussion.

Barbara Bradley
MBA5008
Jama Bradley
10/20/2019
• Visual display of statistical data and results
• It is more effective that tabular form of presentation
• It helps to quantify, present and sort data in a manner that is
easy to understand
• Graphical representation of data helps in analyzing and
understanding data
• Below is a graph with a list of 20 students and a graphical
representation of their scores
• The graph shows the Math’s, English, and science lessons
• The graph enables the viewer to understand the records
easily without getting into the details
Fig 1 (Student
scores). Source:
Fictional
https://www.researchgate.net/publication/320744695_Graphi
cal_representations_of_data_improve_student_understanding_
of_measurement_and_uncertainty_An_eye-tracking_study
• The variables being measured are the graphical
representation and its effects on student’s performance
• Tests are given to students to measure their performance
• Some are given questions on graphs while others are not
• The variables show a direct relationship between the use of
graphical representation and high scores in the students
• There is a growing trend in the scores amongst the students
• This data can be applied in business to analyze the effect of
introducing new products on the productivity of the
company
• Bator, E., Gould, J., & Radivojevic, D. (2019). U.S. Patent
Application No. 10/191,904.
https://patents.google.com/patent/US10191904B2/en
• Susac, A., Bubic, A., Martinjak, P., Planinic, M., & Palmovic,
M. (2017). Graphical representations of data improve student
understanding of measurement and uncertainty: An eyetracking study. Physical Review Physics Education Research,
13(2), 020125. Retrieved from
https://www.researchgate.net/publication/320744695_Gra
phical_representations_of_data_improve_student_understan
ding_of_measurement_and_uncertainty_An_eyetracking_study

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