Understanding Business Research Terms and Concepts Part 2

Understanding Business Research Terms and Concepts: Part 2 Justin Wilson RES 351 Business Research 31 Mar 2015 Biman Ghosh Descriptive statistics is the term given to the analysis of data that helps describe, show or summarize data in a meaningful way such that, for example, patterns might emerge from the data. Descriptive statistics do not, however, allow us to make conclusions beyond the data we have analysed or reach conclusions regarding any hypotheses we might have made. They are simply a way to describe our data. Descriptive statistics are very important because if we simply presented our raw data it would be hard to visulize what the data was showing, especially if there was a lot of it. Descriptive statistics†¦show more content†¦Rather, their scores will be spread out. Some will be lower and others higher. Measures of spread help us to summarize how spread out these scores are. To describe this spread, a number of statistics are available to us, including the range, quartiles, absolute deviation, variance andstandard deviation. inferential Statistics We have seen that descriptive statistics provide information about our immediate group of data. For example, we could calculate the mean and standard deviation of the exam marks for the 100 students and this could provide valuable information about this group of 100 students. Any group of data like this, which includes all the data you are interested in, is called a population. A population can be small or large, as long as it includes all the data you are interested in. For example, if you were only interested in the exam marks of 100 students, the 100 students would represent your population. Descriptive statistics are applied to populations, and the properties of populations, like the mean or standard deviation, are called parameters as they represent the whole population (i.e., everybody you are interested in). Often, however, you do not have access to the whole population you are interested in investigating, but only a limited number of data instead. For example, you might be interested in the exam marks of all students in the UK. It is not feasible to measure all exam marks of all students in the whole of the UK so you have toShow MoreRelatedUnderstanding Business Research Terms and Concepts: Part 2 Essay914 Words   |  4 PagesUnderstanding Business Research Terms and Concepts: Part 2 Ming D. Lee RES/351 April 18, 2016 Dr. Linda F Florence Understanding Business Research Terms and Concepts: Part 2 Descriptive statistics Descriptive statistics suggests a straightforward quantitative outline of a data-set which has been gathered. It helps us comprehend the experimentation or data-set in-detail and tells people concerning the mandatory details that help show the data perceptively. Descriptive statistics, we justRead MoreUnderstanding Business Research Terms and Concepts: Part 2 Essay1240 Words   |  5 Pagesï » ¿ Understanding Business Research Terms and Concepts: Part 2 April Molley University of Phoenix RES/351 Amy Ginsburg The first article discusses the overall Health of Lesbian, Gay, Bisexual, and Transgender people; and Building a Foundation for a better understanding. In this article you will find accompanying research on the generally health status of the LGBT community. A condition in order to review existing research on sexual-gender-minorityRead MoreEssay about Research project 1704 Words   |  3 Pagesï » ¿Research Log Project Part 1 for Note: This project received faculty feedback on 24-May-14 10:20 PM EST. Instructions: Work through each step of this log, answering each question as the directions indicate. Each step, except Step 1, will receive a grade, and the sum of these grades will constitute your total grade for Research Log Part 1. Refer to the section on how each step of the log will be graded for detailed grading information. Step 1: Select Your Research Question Top of Form 2. WhatRead MoreReflection Journal in International Business1692 Words   |  7 PagesOh no†¦. International Business. It sounded so global and dry. I was hoping that it will be somewhat similar like Marketing. However, we were told that International Business is defined as Globalisation of Business where countries are more integrated and are interdependent on world economy. Which is similar like Marketing but in a wider view. Approaching to the learning of International Business, students were told on the Problem Based Learning. We learn base on the concept of applying the knowledgeRead MoreGuidelines For Address All Of The Points Below1705 Words   |  7 PagesYou are required to address all of the points below. You may include further comments or discussion that is relevant. You must integrate relevant concepts, models, frameworks, theories and/or technical competencies (use in text references) from secondary research and other business disciplines you have studied e.g. Ma nagement, to support your discussion. THE TASK: 1. Include a copy of, or produce, an organisational chart of your organisation, showing your role and briefly discuss where your roleRead MoreSupply Chain Management : An Effective Method Of Information Exploration Essay1577 Words   |  7 Pages 1.1 An Overview of the Topic Supply chain is long and penetrates almost all business processes. The chain can extend from raw materials to final sales or deliveries to end users. It connects an organization with multiple levels of customers as well as suppliers, and acts as a channel on which to exchange information and transfer orders in terms of product flow (CIPS, 2013). The role of supply chain plays in a business determines the necessity of supply chain management (SCM) improvement. AccordingRead MoreBusiness Environment Past Papers1115 Words   |  5 PagesUnit Title: Introduction to Business Guided Learning Hours: 100 Level: Level 4 Number of Credits: 12 Learning Outcome 1 The learner will: Understand the objectives of a business, what resources they need and to whom they are accountable. Assessment Criteria The learner can: 1.1 Define and show an understanding of the important business terms related to corporate objectives. Indicative Content 1.1.1 Define and show an understanding of the terms ‘corporate aims’, ‘corporate objectives’Read MoreA Critical Evaluation Of Financial Performance Essay1689 Words   |  7 PagesA CRITICAL EVALUATION OF FINANCIAL AND OPERATIONAL PERFORMANCE THROUGH 360 DEGREE ANALYSIS LALIT MOHAN (Research Scholar) Deptt. Of ABST, University of Rajasthan, Jaipur ABSTRACT Though 360 degree analysis is related with human resource management but here the 360 analysis will include the overall analysis of operational and financial performance from every angle. In human resources or Industrial psychology, 360-degree feedback, also known as multi-rater feedback, multisource feedbackRead MoreA Business Plan For The Long Run With Csr Strategies1737 Words   |  7 PagesIntroduction Imagine a group of recent graduates from a highly respected and internationally recognized business school who developed a business plan together during their studies and are now planning to establish a business. They are all highly capable and all received top marks in their courses. Will they succeed in their new venture? Or like so many opening small businesses, will they fail within the first year? This hypothetical situation illustrates, that while it’s a generally accepted factRead MoreImportance of Marketing to Business1036 Words   |  5 PagesImportance of marketing to business Table of contents Introduction 3 Importance of marketing to business 3 Conclusion 5 Reference list 7 Introduction Marketing has become more and more important, especially as the purposes of marketing expanded into performing marketing researches. Through marketing researches, it is asserted that marketing starts with a real customer need. Classic marketing, has, nonetheless, focused on making the need that will draw