Discussion
Reflection
Statistics are used in all areas of human life and are divided into two branches, descriptive statistics and inferential statistics. The data is of various types and can be organized graphically. Simple probability concepts can be used in your personal and professional life. In this course, you learned about normal distribution. A normal distribution can be used to describe a sampling of means and to approximate other distributions such as the binomial distribution. You now know how to determine whether data falls within a normal distribution as well as how to facilitate data analysis. You can calculate specific data values for given percentages by using the standard normal distribution and also calculate the confidence level for a mean, a variance, and a standard deviation.
To prepare for this Discussion, consider how your attitude about effective management has been affected by the information you gained regarding statistics in this course.
Post a 200- to 250-word explanation of how your attitude about effective management has been affected by the information you gained regarding statistics in this course.
In your post, be sure to also identify the knowledge/insights you think will be most useful in developing your own management style. Explain why you chose that particular knowledge or those particular insights.
While you are not required to respond to others' postings, you are encouraged to do so by Day 6.
Return to this Discussion in a few days to read the responses, if any, to your initial posting. Note what you learned and the insights you gained from the comments your colleagues made.
Note: Refer to the Discussion Template in the Course Information area of the course navigation menu for your main post and response.
Required Resources
Readings
Bluman, A. G. (2014). Elementary statistics: A step-by-step approach (9th ed.). New York, NY: McGraw-Hill.Review: Chapter 8, "Hypothesis Testing" (pp. 413-486)
• Note: Review the Week 5 Study Notes, as they also cover content for Week 6.
Optional Resources
• Khan Academy. (2014). You can learn anything. Retrieved from www.khanacademy.org
• University of Baltimore. (2015). Dr. Arsham's statistics site. Retrieved fromhttps://home.ubalt.edu/ntsbarsh/Business-stat/opre504.htm
• Note: Although not required, you may consider reviewing all sections in your course text on Minitab, Microsoft Excel, and TI-83 and 84 as optional material that may be helpful.