Descriptive Statistics

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Write a short summary that addresses the following criteria:
• Define “statistics”.
• Identify and describe different types of statistic and levels of measurement.
• Describe the role of statistics in business decision making.
• Provide at least three examples or problem situations in which statistics was used or could be used.
• Format your paper according to APA standards
• The University generally requires formal papers to use section headings to establish structure. For this short paper, section headings are not required, but they are encouraged.
Submit your paper as a Word document with file name QNT351_S1.

Statistics may simply refer to numerical information, or can be defined as “the science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions (Lind, Marchal & Wathen, 2011). Types of statistics are Descriptive and Inferential (also known as Statistical Inference). As Statistics is the science, Descriptive Statistics is the method of performing the functions of Statistics and presenting the data in a useful ...

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