Qnt 561 Week 1 Discussion Questions Solutions

Discussion questions and answers. Provide in text citations and a reference for each one. Paragraph format. Each question should be answered with 80 words or more. What is the purpose of descriptive statistics? Provide an example and share two different descriptive statistics.Descriptive statistics is the term given to analysis of data using techniques that help to describe data in a meaningful way. Descriptive statistics is about qualities of data but does not extend beyond the data presented to make inferences and conclusions from the data. Descriptive statistics organizes data in a manner that helps the user to visualize what the data represents. Descriptive statistics techniques include measures the central tendency and spread of data. Some examples of descriptive statistics include mean, median and quartiles, (Tanner & Youssef -Morgan, 2013). Reference BIBLIOGRAPHY \l 7177 Tanner, D. E., & Youssef-Morgan, C. (2013). Statistics for Managers. San Diego: Bridgepoint Education Inc.What is qualitative data? What is quantitative data? Define and provide an example of each.Qualitative data relates to qualities that are not measurable. Rather than absolute measure qualitative data is a measure of qualities. For this reason qualitative data has some limitations in statistical analysis such