Estimating or Testing
Discussion Resources
The following resources will help you complete this discussion and may be useful in completing your second assignment:
Lind, D. A., Marchal, W. G., & Wathen, S. A. (2022). Basic statistics in business and economics (10th ed.). McGraw-Hill.
Chapter 4, “Describing Data: Displaying and Exploring Data.”
Instructions for creating dot plots (scatterplots), percentiles, and box plots will provide additional insight into how data is concentrated as well as the general shape of the data.
Thomas, R., & McSharry, P. (2015). Big data revolution: What farmers, doctors, and insurance agents can teach us about patterns in big data. Wiley.
Chapter 5, “Transforming Customer Relationships With Data.”
Chapter 6, “Intelligent Machines.”
Instructions
This week you read about different ways of exploring data in order to display and describe that data. If you were presented with an unfamiliar dataset, what are the first exploratory steps you would take to get familiar with the dataset and decide how to display the data?
