question archive Question 1: Post a 300-400-word response to the discussion question below
Question 1: Post a 300-400-word response to the discussion question below
Subject:BusinessPrice: Bought3
Question 1:
Post a 300-400-word response to the discussion question below. Please, make sure your answer reflects your own words and critical thinking.
Can mean, median, or mode be calculated for statistical data at the nominal, ordinal, interval, and ratio levels? When is the mean the best measure of central tendency? When is the median the best measure of central tendency? Describe a business situation, other than what has already been selected by fellow students, where mean and standard deviation can be used in decision making.
Question 2:
Post a 200-300-word response to the discussion question below. Please, make sure your answer reflects your own words and critical thinking.
Select an article from a news magazine or research journal where data is displayed in a graphical form. Describe the data displayed in the chart and what conclusion you could draw.
