What are strengths and weaknesses of statistical approach


Discussion:

identify two articles in the University Library: one in which the business problem is researched using a descriptive statistical method and another using an inferential method.

Summarize each of the data collection instruments, sampling methods, and the statistical methods.

Write a 1,050- to 1,400-word paper in which you compare and contrast each of the approaches:

• What are the strengths and weaknesses of each sampling approach?

• What are the specific situations in which you would choose to use each of the instruments and designs?

• What are the strengths and weaknesses of each statistical approach?

• How can they be used most effectively in a combined approach?

• Which methods are more appropriate for research in your own business and functional area?

Format your paper consistent with APA guidelines.

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Microeconomics: What are strengths and weaknesses of statistical approach
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