Assignment Steps
Use the same business problem/opportunity and research variable you wrote about in Week 3.
Note: Do not actually collect any data; think hypothetically.
Develop an analysis of 1,200 words in which you:
Identify the types of descriptive statistics (numerical measures) that might be best for summarizing the data, if you were to collect a sample.
Identify the types of descriptive statistics (graphical measures) that might be best for summarizing the data, if you were to collect a sample.
Analyze the role probability (for example, expected values or finding the probability of incurring a loss, etc.) might play in helping address the business problem.
Format your paper consistent with APA guidelines.