Preview

TEAM REFLECTION WEEK 4

Good Essays
Open Document
Open Document
707 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
TEAM REFLECTION WEEK 4
Reflection
Thomas Galvan
Gurpreet Gill John Williams
QNT / 351
Mark Bell
July 29, 2015
Statistics refers to the use of numerical information in everyday life to calculate facts and figures in limitless circumstances. In addition, statistics refers to the scientific collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical data. The steps in testing a research hypothesis, to compare the means of two or more groups, and to calculate the correlation between two variables.
Testing a Research Hypothesis
The hypothesis process has five steps. It is necessary to follow these steps to research any issue or question. Not following the steps or conducting them out of order could result in poor results. The purpose of testing a research hypothesis is to prove or disprove the research question. ("Research Hypothesis", 2015). The five steps involve stating the research question, clarifying null or alternative hypothesis, experimentation and calculating, evaluation of experimentation, and the conclusion of the results. The first step consists of stating the research question. The second step consists of defining the null and alternative hypotheses as well as selecting a level of significance. The test will be usually done with a significance level of α = 0.05, which is a typical value used in business-related hypothesis testing. ("Statistical Hypotheses", 2014). The third step corresponds to identifying the appropriate test statistic. This is done based on the size on the sample. During step four, the research formulates a decision rule taking the level of significance, and the test statistic into account and the data is analyzed. Finally, in step five, conclusions are determined as to whether the null hypothesis is true or the alternative hypothesis is true.
Compare the Means of Two or More Groups
The experimental method of comparing the means of two or more groups is a pretty common occurrence in statistical research. The procedure for



References: Research Hypothesis. (2015). Retrieved from https://explorable.com/research-hypothesis Statistical Hypotheses. (2014). Retrieved from https://www.ischool.utexas.edu/~wyllys/IRLISMaterials/stathyp.pdf

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Team Reflection Week 2

    • 613 Words
    • 3 Pages

    The differences between substantive law vs. procedural law, is substantive law deals with the legal relationship between people or the people and the state. For example, substantive law defines degrees of murder in a case. Procedural law comprises the set of rules that govern the proceedings of the court in criminal lawsuits. For example, procedural law is the time allotted for one party to sue another and the rules governing the process of the lawsuit. (G.Hill,2005)…

    • 613 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    2.1- The relationship between the number of inputs and the law of diminishing marginal productivity is that as more input is added to an existing fixed input, eventually the additional output one gets from that additional input will fall. As input is increasing and a company hires more workers to increase, eventually it will fall and a company wants to try to stay out of that range.…

    • 529 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Population and Sampling

    • 737 Words
    • 3 Pages

    References: Comparing a Population Mean to a Sample Mean (T-test) . (). Retrieved from http://www.acastat.com/Statbook/ttest1.htm…

    • 737 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Week 4 Team Reflection

    • 394 Words
    • 2 Pages

    Purchase orders for the products and goods used through the normal course of business operations…

    • 394 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The meaning of statistics to me means, to collect, organize, and analyze a set of information that has been gathered. Though the definition in statistics in our reading material stats that it is the science of data, that involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information. There are a lot of different types of statistics that you can use like descriptive statistics that utilizes numerical and graphical methods to look for a set of data patterns. There is also the inferential statistics that utilizes sample data to make estimates, decisions, predictions, or any other type of larger set of data.…

    • 308 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Week 1 Qnt 351

    • 592 Words
    • 3 Pages

    Statistics is defined in Statistics for Business and Economics, as the science of data. Involves collecting, classifying, organizing, analyzing, and interpreting numerical information. Statistics is more than just looking at numbers, there is a process involved in obtaining the numerical information. Statistical thinking is helpful as well. This involves applying rational thought and the science of statistics to critically assess data and inferences. It is important to keep in mind that variations exist in populations and processed data.…

    • 592 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    STATS TCO 1

    • 1632 Words
    • 7 Pages

    STATISTICS: is the science of collecting, organizing, analyzing, and interpreting data in order to make decisions.…

    • 1632 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Qnt 351 Week 1 Assignment

    • 390 Words
    • 2 Pages

    According to Lind, Marchal, and Warhen (2011), the definition of statistics is that it is the science of data. It involves collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical information (Chapter 1). There are different types and levels of statistics. For example Descriptive statistics utilizes numerical and graphical methods to look for patterns in a data set, to summarize the information revealed in a data set, and to present the information in a convenient form. The four elements of descriptive statistical problems are the population or sample of interest, One or more variables (characteristics of the populations or sample units) that are to be investigated, Tables, graphs, numerical summary tools, and the identification of patterns in the data…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    ITT Tech MA3110 Vocab 1

    • 539 Words
    • 3 Pages

    Statistics – the science of planning studies and experiments, obtaining data, and then organizing, summarizing, presenting, analyzing, interpreting, and drawing conclusions based on the data.…

    • 539 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Statistics involves the development of methods and tests that are used to quantitatively define the variability inherent in data, the probability of certain outcomes, and the error and uncertainty associated with those outcomes. Some statistics are biased, some are based on opinions, and some are fabricated.…

    • 498 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Statistics refers to the use of numerical information in everyday life to calculate facts and figures in limitless circumstances. In addition, statistics refers to the scientific collecting, classifying, summarizing, organizing, analyzing, and interpreting numerical data. This week the class’s objectives were to apply the steps in testing a research hypothesis, to compare the means of two or more groups, and to calculate the correlation between two variables. Learning Team D’s members have reflected on each of these issues and share their insights on these objectives.…

    • 824 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Team Reflection

    • 568 Words
    • 3 Pages

    The focus of discussion for Team ‘D’ was centered on the objectives outlined in our syllabus. The objectives for week one included evaluating individual characteristics of employees, analyzing the impact of individual employee characteristics on organizational performance, and determining management methods based on individual employee characteristics. The objectives for week two were to determine strategies to motivate employees, and also to create effective organizational communication. Employee motivation is an important factor in the success of an organization. If employees are not motivated then the risk of productivity not reflecting positive numbers and positivity in the work environment is greater.…

    • 568 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Statistics are used in our everyday lives and business decision making. Statistics is a mathematical analysis that involves the use of quantified models, summaries and representations for real world observation or a given set of empirical information. This type of analysis involves the process if analyzing and collecting information and then summarize the information into a numerical format.…

    • 412 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Step1. Specify the null hypothesis H0 and alternative hypothesis H1. The null hypothesis is the hypothesis that the researcher formulates and proceeds to test. If the null hypothesis is rejected after the test, the hypothesis to be accepted is called the alternative hypothesis. For example if the researcher wants to compare the average value generated by two different procedures the null hypothesis to be tested is [pic] and the alternative hypothesis is [pic]…

    • 349 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    I guess for me I am struggling with how to forecast and predict what is important enough to know what criteria is relevant information to use for the success of my organization. Since I only work in one area of the whole organization how do you predict when you are not privy to important information to know what direction to go in. I am hoping to learn how to think way outside the box and be able to see the bigger picture. One question I do have though will the company be as successful if I only concentrate on the success of the area I work in? I get how strategic management can be beneficial to an organization, and I get how ethics should play a role as well. I see the way people have done wrong actions in a company is almost like having cancer in your organization. It can slowly take over or be swift and destroy a organization. I see both issues in my work place. People riding the cuff of what is wrong behavior and out right breaking the rules. All of that behavior disrupts the goal of the organization to run effectively and efficiently. Looking forward to further discussions.…

    • 736 Words
    • 3 Pages
    Satisfactory Essays