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Descriptive statistics

by | Jul 6, 2022 | Uncategorized

by | Jul 6, 2022 | Uncategorized

Descriptive statistics

Reflect on the following questions in a minimum of 800 words.

Reflection #1:

How you would use descriptive statistics in your current or a former place of employment to visualize information specific to your industry? What type of research might you use to make decisions related to your organization? Assess how you would use statistics to make decisions and plan for the future in your current or a former place of employment.

Reflection #2:

What specific assignments or learning activities from this course did you find particularly beneficial? What do you feel can be improved or added that would have improved your learning experience in this course? ​​​​​​​

Submit your reflection.

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Below is the information to answer above two questions

Info for Refl#1: working in Insurance Industry.

Info for Refl#2: Below is the course content

Module 1: Utilizing statistical and data analytic frameworks, you will be able to evaluate and analyze the role big data plays in business decision-making. You will also demonstrate the ability to analyze and graphically describe key business data in Excel, allowing business leaders to achieve competitive advantage.

Assignment: conduct a thorough statistical analysis of a company’s available database to help management identify feasible, actionable opportunities for improvement. You will conduct descriptive statistics analyses using Excel and write a statistical report to explain your findings and recommendations.

Module 2: Utilizing statistical probability models, you will be able to evaluate and analyze business data under uncertainty conditions. You will also be able to create and test hypotheses and draw conclusions based on samples of data.

Assignment: Perform a test hypothesis to determine if a new protocol served its purpose.

Module 3: Utilizing statistical regression and time series analysis models, you will be able to evaluate and analyze how multiple variables impact an organization. You will also be able to create forecasts and interpret data to analyze performance as it impacts strategic planning and comparative advantage for an organization.

Assignment: Apply statistical time series modeling techniques to identify patterns and develop time-dependent demand models.

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