Introduction and Data Collection Basic Business Statistics‚ 11e © 2009 Prentice-Hall‚ Inc. Chap 1-1 Learning Objectives In this chapter you learn: How Statistics is used in business The sources of data used in business The types of data used in business The basics of Microsoft Excel The basics of Minitab Basic Business Statistics‚ 11e © 2009 Prentice-Hall‚ Inc.. Chap 1-2 Why Learn Statistics? So you are able to make better sense of the ubiquitous use of numbers:
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Data Collection Methods OBSERVATIONS Observation is a primary method of collecting data by human‚ mechanical‚ electrical or electronics means with direct or indirect contact. As per Langley P‚ “Observations involve looking and listening very carefully. We all watch other people sometimes but we do not usually watch them in order to discover particular information about their behavior. This is what observation in social science involves.” Observation is the main source of information in the
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can trade financial securities‚ commodities‚ and other fungible items of value at low transaction costs and at prices that reflect supply and demand. Securities include stocks and bonds‚ and commodities include precious metals or agricultural goods. There are both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded). Markets work by placing many interested buyers and sellers‚ including households‚ firms‚ and government agencies‚ in one "place"‚ thus
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Primary Secondary Groups A primary group is typically a smaller group with very close and personal relationships. While a secondary group far less personal and usually has a function or goal that was in mind while the group was created. Primary groups build on human’s basic need of being social and accepted. This can come from family or even cliques at school. I chose family and military as my primary groups that I have and am a part of that I will analyze my role in these group situations. The
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Factors that influence the selection of data collection instruments Data Collection is an important aspect of any type of research study. Inaccurate data collection can impact the results of a study and ultimately lead to invalid results. Data collection methods for impact evaluation vary along a continuum. At the one end of this continuum are quantitative methods and at the other end of the continuum are Qualitative methods for data collection. A data collection instrument is a tool for monitoring
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briefly explain the quantitative data collection. Data collection is often costliest and the most time consuming portion of study.Quantitative research is an approach for testing objective theories by examining the relationship among variables.The data collection method in quantitative research is in structured manner which involves decent planning of data collection. The planning of data collection process involves certain steps as follows: Identification of data needs. Selecting types
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clearly defined. Exploratory research helps determine the best research design‚ data collection method and selection of subjects. It should draw definitive conclusions only with extreme caution. Given its fundamental nature‚ exploratory research often concludes that a perceived problem does not actually exist. Exploratory research often relies on secondary research such as reviewing available literature and/or data‚ or qualitative approaches such as informal discussions with consumers‚ employees
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the ecosystem‚ a process known as succession. Primary succession happens when species grow in locations where organisms have never previously existed. Secondary succession occurs after an ecosystem disturbance. The basic difference between primary and secondary succession is the presence of soil. When primary succession begins‚ soil is not present; in the case of secondary succession‚ soil is already in place. What occurs during primary and secondary succession? How can an ecosystem recover from
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Primary and Secondary Succession SCI/ 256 People Science and the Environment Primary and Secondary Succession This paper will review the components of primary and secondary succession as describes on page 68 and 69 of the textbook Environment. The scope of this paper will attempt to address how biotic and a biotic components effect the balance of the ecosystem‚ and how ecosystems go through the cycles of progression. When discussing primary succession‚ one must first
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system is vital to ensure English citizens are protected as well as aware of their rights. English law is made up of several different forms of law these include legislative sources (primary legislation: Acts of parliament‚ Delegated legislation and European legislation) and judicial sources (common law and equity). Primary Legislation is a term used for all the proposals passed by parliament to become law. The process starts with a bill which can be presented in the House of Commons or the House
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