Statistics in Business Paper Charles Opoku QNT/351 09/28/2015 Statistics in business Statistics as define in our textbook is “The science of collecting organizing presenting and interpreting data to assist in making more effective decision” (Lind, et al. 2011). In other words it is a typical mathematical analysis involving the use of quantified representation, models and summaries for a given set of empirical data or real world observation. Types and levels of statistics Statistics
level at 0.01. I can now confidently, state that the difference in the obtained population mean is at around or exactly at the rate of 95% significance level or based at the 99% significance level in order to support this statement. If we used a statistic estimate that there will be a 10% error obtainable while our general acceptable statistical degree of error as 5% only, that means the outcome or research dissertation result will be stated as ‘not significant’. Whenever we want to obtain our level
behaviour of students for buying apparels. • To explore different theories, models and concepts regarding online and offline purchase behaviour. • To analyse different online websites used by students in purchasing apparels and to identify their advantages and disadvantages. 1.3 Research questions RQ1. Why it is important to understand online and offline purchase behaviour of students for buying apparels? RQ2. What are the different models, theories and concepts
processed by statistical computer package " SPSS " . The following techniques were used in data analysis include the following: Cronbach’s alpha, F-test, correlation, coefficient of determination, regression analysis. Analysis of data Descriptive analysis: Descriptive analysis is the process of transforming raw data into understandable information that easier ti interpret. The following section describes the characteristics of the group being studied: Table1
data can be collected through computer programs or various software available. Examples of qualitative research can be “A bottle of water holds one liter” “60% people are educated in Pakistan”. Data in this research is analyzed through the help of statistics. Mathematical or computer techniques are the base or main focus of this research. Data is collected on base of phenomena as well for example to find out how much or how many or even to what extent. This research is known as a reliable research and
controlled setting, foreign apparatus and artificial methods may be used which causes the subject to respond differently than in his or her natural environment. While experimental research has its pros and cons, nonexperimental research also has advantages and disadvantages. The natural environment of such a study allows for more unbiased results since nothing is being manipulated. However, this may cause inaccuracies because there is no control group to compare to and there are no manipulated variables
through statistical evaluation (Hittleman & Simon, 1997). Conducting quantitative research assists the researcher to quantify variables in a sample of concern or a question and thus demonstrate the relationship between variables using the corollary statistics such as correlations, relative frequencies and differences between the mean. This is mainly to test the theory. There are 3 considerable differences described between qualitative and quantitative research which are; observing the variances between
Quantitative research generates numeric data or data that can be transformed into usable statistics by quantifying the problem. This research quantifies attitudes, opinions, and behaviors, and other defined variables also generalize results from a larger sample population. Measurable data given in quantitative research are used to formulate facts and uncover patterns in research. In this research, compared to qualitative research is more structured. Quantitative research methods includes surveys
INTERODUCTION : Academic writing plays an essential role in learning a foreign language. Non-native speakers of the English language should be familiar with writing processes, elements, and features like formality, objectivity, and complexity in order to use the language precisely and accurately. Due to the great value of writing skill, a considerable number of researchers have demonstrated various views regarding how to teach academic writing. For instance, there has been an argument over
INTRODUCTION Intellectual Property plays an important role in facilitating process of taking innovative technology to the market place. Peter F. Drucker, the management consultant and author of “Innovation and Entrepreneurship stated that “…Because its purpose is to create a customer, business has two—and only two functions: Marketing and innovation. Marketing and innovation produce results, all the rest are costs." So the question now is what is innovation? Generally put, an ‘innovation’ is developing