The following resource 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.
Chapter 5, “A Survey of Probability Concepts.”
The previous chapters on descriptive statistics concerned data on past phenomena; this section addresses determining “the chance that something will occur in the future.”
Instructions
For this discussion, consider when you might use a scatterplot versus a histogram. What kinds of variables lend themselves to each representation type? What business applications are best suited to each means of representation?
