StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Descriptive Statistics - Essay Example

Cite this document
Summary
They provide a simple summary of the quantitative analysis of data in a simpler and manageable form (Trochim, 2006). They are used in several way in our everyday lives. For students…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91% of users find it useful
Descriptive Statistics
Read Text Preview

Extract of sample "Descriptive Statistics"

Give several examples of how descriptive statistics are used in everyday life. What advice would you give to others when interpreting statistics? Descriptive statistics are used to describe the sample we are concerned with (Gaten, 2000). They provide a simple summary of the quantitative analysis of data in a simpler and manageable form (Trochim, 2006). They are used in several way in our everyday lives. For students like me, descriptive statistic comes in the form of my GPA or General Point Average, which summarizes my performance across all the academic subjects I took in various discipline in just one figure.

For teenagers who like sport say for example baseball, descriptive statistics comes in the form of batting average, the single digit that indicates the probability that a player will hit the ball. In basketball, its equivalent is the player’s average score for the season. In the performance of the economy or, it is our GNP or the Gross National Product which is the sum total of all goods and services produced in the country. In business, it is the average growth for an X number of years that would show that the company is growing.

In formulating descriptive statistics, it is highly advised to consider who the audience of the report. If it would used for general audience, it is advised to make the description as simple as possible for it to make sense to its general audience. If it will be used for educational purpose such as in classroom or research, more data can be included but it is suggested that it should be supported by graphics such as graphs and charts so that it can be easily understood. ReferencesTrochim, M.K. (2006).

Descriptive statistics. Retrived from http://www.socialresearchmethods.net/kb/statdesc.phpGaten, T (2000). Descriptive statistics. Retrived from http://www.le.ac.uk/bl/gat/virtualfc/Stats/descrip.html

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Descriptive Statistics Essay Example | Topics and Well Written Essays - 250 words - 1”, n.d.)
Descriptive Statistics Essay Example | Topics and Well Written Essays - 250 words - 1. Retrieved from https://studentshare.org/marketing/1615159-descriptive-statistics
(Descriptive Statistics Essay Example | Topics and Well Written Essays - 250 Words - 1)
Descriptive Statistics Essay Example | Topics and Well Written Essays - 250 Words - 1. https://studentshare.org/marketing/1615159-descriptive-statistics.
“Descriptive Statistics Essay Example | Topics and Well Written Essays - 250 Words - 1”, n.d. https://studentshare.org/marketing/1615159-descriptive-statistics.
  • Cited: 0 times

CHECK THESE SAMPLES OF Descriptive Statistics

Statistics/Probability

In 2001 the stock market took some big swings up and down.... One thousand investors were asked how often they tracked their investments.... The table below shows their responses.... What is the probability that an investor tracks the portfolio monthly? ... ... .... In a battleground state,… Assuming that there are only two parties - Democrat and Republican, if two voters are randomly selected for a telephone survey, what is the probability that they one is a Democrat followed by a Republican?...
2 Pages (500 words) Statistics Project

Standard Deviation, Hypotheses, and Standard Error

(2001) Comprehending Behavioral statistics Brooks/Cole Publishing Company, New York, USAKanji, G (2006) 100 Statistical Tests Third Edition SAGE Publications, LondonMyers J and Well A (2003) Research Design and Statistical Analysis Lawrence Erlbaum Associates, Publishers.... It is the most commonly used measure of variability because it is claimed as the most reliable....
2 Pages (500 words) Statistics Project

Confidence Intervals

This paper will analyse the male and female BMI based on confidence interval (inferential statistics).... It is a simple index of weight-for-height that is commonly used to classify underweight, overweight and obesity in adults (BMI classification, 2013).... The body mass index is… A data set is collected for male and female for their age, weight and height, and BMI is calculated....
2 Pages (500 words) Statistics Project

Results section

The first hypothesis was that there is no significant difference between the average guilt rating chosen by witnesses and non-witnesses regarding the level of guilt or innocence of the defendant.... The second hypothesis was that there is… no significant difference between the average punishment assigned to the defendant by witnesses and non-witnesses based on the evidence presented in the case. ...
2 Pages (500 words) Statistics Project

Personal Income Statistics

Nevertheless, tax liabilities in regard to collections basis are mainly approximated subsequent to effect of tax programs. ... ... AR was worse at the extreme top, with… Conversely, the prevailing 1% possessed a staggering 1.... 2.... oreover, every quintile was below one.... 1.... 2 was top with 1%....
1 Pages (250 words) Statistics Project

Post-Earnings Announcement Drift

Considering available statistics, the Athens' Stock Exchange a daily announcement of earnings effect on the markets.... Traditionally, event studies like in this case try to answer questions on whether a given event matters and whether the relevance of the information is impounded mainly into aspects such as… This paper entails an event study in which the establishment of whether returns of large-cap stocks within an industry are higher than those of small-cap stocks....
6 Pages (1500 words) Statistics Project

Simple leaner regression

47417Eviews Summary descriptive ResultsYXSQXSQYYXY_HATE Mean 0.... The slope, B1, is the beta coefficient in CAPM model and measures the volatility of an asset's return compared to that of the overall market.... The… The value can be more than 1.... to show that a stock is more responsive to market changes or simply riskier than the market....
2 Pages (500 words) Statistics Project
sponsored ads
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.
Contact Us