Qnt 561 Week 3 Paper

Topics: Scientific method, Statistics, Decision making Pages: 4 (1069 words) Published: August 28, 2010
1. Individual Assignment: Decision of Uncertainty Paper


· Resource: Week Three Student Roadmap

· Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision.

· Write a 700- to 1,050-word paper, explaining your research methods and process for limiting the uncertainty in the decision.

· Address the following in your paper: (Introduction-150) Tuesday

o Include how you applied concepts to formulate your decision. (150) Tuesday

o Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision. (150) Wedanesday

o Identify each outcome from your statistical analysis, providing rationale for each. (150) Wednesday

o Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data. (150) Thursday

o Include the decision you made based on statistical data. (150) Friday (Conclusion-150)

· Format your paper consistent with APA guidelines.

When looking at statistical data in businesses it is important to note that there needs to be decisions inferred in order to reach a conclusion about a particular scenario. When looking at Microsoft you can see that there is statistical data that shows that they are in a monopoly. This data is seen by their power in the computer industry and their dominance over other computer companies. They need to make a decision based upon this accusation about how to regulate their future business policies. We can use research methods in order to reach a conclusion about what the company can do in order to better satisfy its customers and competitors. One way of doing this is to follow a customer survey where random people are selected and questioned about the monopolistic practices evident in Microsoft. This would help Microsoft use probability concepts to...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • QNT/351 Week two paper
  • Qnt-561 Week 1 Essay
  • QNT 561 Final Exam Essay
  • QNT 351 week 1 paper
  • Essay on qnt 561 week 3 dq
  • QNT 561 Week 4 Individual Assignment Descriptive Statistics and Interpretation 111 Essay
  • Week 3 Indv Paper
  • QNT 561 Wk 3 Ind Essay

Become a StudyMode Member

Sign Up - It's Free