We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Uses of Statistical information - Research Paper Example

Comments (1) Cite this document
The company I represent is a Market Research firm specializing in data collection, analysis and interpretation services for clients. It is naturally very vital to have complete command over the use of statistics and the company uses different forms of statistics across various research projects…
Download full paperFile format: .doc, available for editing
Polish This Essay94.7% of users find it useful
Uses of Statistical information
Read TextPreview

Extract of sample
"Uses of Statistical information"

Download file to see previous pages Uses of Statistical information

In the workplaces, statistical analysis of research surveys and questionnaires, presentations involving histograms, bar charts and the like are all too common and forecasting and projection of results is the core competence of the company thus making the statistics the life and blood of the company. According to the official definition as developed by (American Marketing Association (AMA), 2008) “Marketing research is the function that links the consumer, customer, and public to the marketer through information - information used to identify and define marketing opportunities and problems; generate, refine, and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process. Marketing research specifies the information required to address these issues, designs the methods for collecting information, manages and implements the data collection process, analyzes, and communicates the findings and their implications." What is one example of descriptive statistics used in your workplace? Descriptive Statistics are used as a means to summarize the data set and are used to present the data set quantitatively. Examples include the use of histograms, box plots, cross tabulation techniques and measures of central tendency. The characteristics of these statistics make them vital to any form of data set.
In marketing research for example, a survey might require a certain ratio of respondents to be men and the other to be female. Thus, the proportion of males and females among the respondents becomes of utmost importance to the research project. Depending on the requirement of the research, the proportion of male and female gives a lot of information regarding the objectives of the survey. This information can also be used to establish correlations with other factors such as brand loyalty, factors influencing decision making and household size among others. This information can also be used to differentiate between the responses of males and the females and aid in making inferences about the study in the latter stages of the research. What is one example of inferential statistics used in your workplace? Inferential statistics are used to draw a conclusion about a population from a sample. In the case of marketing research firms, the researchers have to analyze survey results and inferential statistics are vital in drawing important conclusions from the results of the research. For example, while evaluating the threat of rival products for a certain product ‘X’ it was concluded through surveys that only 30% of the people will switch over to a rival product in the next 6 months. Another example of inferential statistics could relate to customer preferences in terms of quality where the results show that 65% of customers purchase a certain brand of cooking oil because they find it to be of the best quality which 30% do so because they find it to be the most affordable. These examples clearly depict how inferential statistics help draw conclusions after the results of various studies have been accumulated and analyzed. How is data at each of the four levels of measurement used in your workplace? If your workplace does not use all four levels, describe how such data could be used. Marketing research makes use of data at each of t ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Uses of Statistical information Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/statistics/1431030-uses-of-statistical-information
(Uses of Statistical Information Research Paper Example | Topics and Well Written Essays - 750 Words)
“Uses of Statistical Information Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/statistics/1431030-uses-of-statistical-information.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ubrakus added comment 2 months ago
Student rated this paper as
This research paper was always my weak point. I could never complete it well. Still, after I found this precise essay, I understood how it should be completed. So, I performed my research afterward and completed the research paper in several hours, instead of weeks as it was previously.
The Uses of Spatial Analysis In Organization
According to the report the progression seeks to meet goals like congruence, accuracy, and many more. There are general steps that apply to all techniques research. The findings’ implications appear via techniques like graphs. Another crucial step is the report writing. The steps follow each other in an explicit sequence.
10 Pages(2500 words)Research Paper
Fictitious Statistical Study
Through questionnaire administered in the form of interview various population characteristics such as income, expenditure and alcoholic beverage preference were established and quantified. This information was analyzed using percentage, average and standard deviation and then presented in form of graph.
15 Pages(3750 words)Research Paper
Uses of coal
All living plants store solar energy through a process known as photosynthesis. When plants die, this energy is usually released as the plants decay. Under conditions favorable to coal formation, the decaying process is interrupted, preventing the release of the stored solar energy.
4 Pages(1000 words)Research Paper
Uses of statistical information
Each workplace has unique demand and thus the kind of statistics required may vary to suit the needs of a particular work place.The use of statistics in a hospital setting is of paramount importance and is at the forefront in running, managing and decision making in the hospital.
3 Pages(750 words)Research Paper
Industrial uses for hemp
According to a study, hemp, or marijuana, has been in use as an addictive for centuries. Since then, its uses have been shifted from medicinal and religious to mere pleasure and unbearable addictions. The prepared drug out of hemp, hash, according to the UN, is the most widely used banned item in the world.
6 Pages(1500 words)Research Paper
Statistical Critique of an Article
The development of strong conflict management skill is a particular concern for law enforcers because they regularly interact with the public and these interactions are not always pleasant. Traffic police officers specifically face intense emotional moments, when they apprehend disgruntled traffic violators.
3 Pages(750 words)Research Paper
Statistical Methods Assignment
This is a result of having a large sample size. As the sample size increases, the difference between the two intervals is also expected to significantly increase, resulting to large errors. In this test, we assume that the sample standard deviation approximates that of the population without any significant statistical difference.
4 Pages(1000 words)Research Paper
Statistical Reasoning Summary
Moreover, one needs to formulate a good experimental design in order to arrive at the correct findings and that can be done only when the person knows a great deal
1 Pages(250 words)Research Paper
Clinical uses Ganoderma Lucidum
Its clinical uses range from its therapeutic benefits in pathological states like cancerous conditions, infections caused by bacteria and viruses, diabetes mellitus, gastric ulcers as well as
1 Pages(250 words)Research Paper
Statistical Techniques, Sample, and Data Collection
There are several advantages that can be derived from undertaking quantitative research in any typical education setting. Williams & Monge cautioned that the real benefits and advantages of engaging in quantitative research may not be realized if researchers do not put in a lot of efforts to follow the procedural requirements of this type of research method.
2 Pages(500 words)Research Paper
Let us find you another Research Paper on topic Uses of Statistical information for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us