Homework: Statistics in Business
Purpose of Homework
This homework is to introduce students to the basic concepts in statistics and understand the terminology at the start of the class.
Homework Steps
I. Read and Understand Lind et al. (2021) Ch. 1 to discuss the following questions. Words are not counted but each question requires a substantive answer.
II. Use the Statistics in Business Paper Template
i. What is meant by statistics in business?
ii. Explain the two primary types of statistics.
iii. How do you differentiate between a population and a sample? Provide a realistic example of a population and a sample of that population.
iv. What is the difference between a qualitative and a quantitative variable? Provide one example of a qualitative and a quantitative variable.
v. Describe the four levels of measurements. Give one example of each.
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.