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Karen M


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December 4, 2014








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Descriptive statistics is "methods of organizing, summarizing and presenting data in an informative way" (Lind, Marchal & Wathen. 2004). Furthermore, descriptive statistics are used to describe the basic features of the data in a study. They provide simple summaries about the sample and the measures...
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They provide simple summaries about the sample and the measures. Together with simple graphics analysis, they form the basis of virtually every quantitative analysis of data (Trochim, 2006). However, descriptive statistics is concerned with collecting data from past events and UWB is offering new products and services they must turn to the second facet of statistics, namely, computing the chance that something will occur in the future...
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