School

Ryerson UniversityDepartment

FinanceCourse Code

FIN 501Professor

C A N' T R E M E M B E RChapter

8How Can We Question Analysis

Part One

Here Come the Numbers

•What it means to be a “stats person”

•Numbers don’t need to be scary

•Use logic, be thoughtful

Using Logic & Being Thoughtful

•Numbers are used to answer questions

oQuestions can be research question

oQuestion can be hypothesis

•Do the numbers match the question?

Example

Research question: do men smoke more than women?

Sample: 20 men + 30 women

Reported: 10 men + 15 women

Reality: 50% men + 50% women

What are Descriptive Statistics?

Descriptive statistics vs. inferential statistics

•Descriptive: describing patterns

•Inferential: inferring causality

Example

•Descriptive: “20% of men smoke”

•Inferential: “being male is positively is associated with smoking, even when

controlling for other factors”

How to Question Descriptive Statistics

Absolute value versus percent value

Absolute: raw Number

Percent: Percent of Raw Number

Other Things to Watch For

•Total number of participants

Vs

Number of Participants described

•Reported in the text

•Or, reported in the table has the “N’ value

•Scale of presentation(pgs 76 & 77)

In Sum

•Numbers don’t need to be scary

•Remember, numbers represent ideas

•Descriptive statistics: make sure the numbers accurately describe the ideas

**Unlock Document**

## More from OC27536

###### FIN501 Chapter 4: Lecture 4 Research Design.docx

Textbook Note

###### FIN 501 Lecture Notes - Lecture 1: False Dilemma

Lecture Note

###### FIN 501 Chapter Notes - Chapter 3: Darpa, How Do You Know

Textbook Note

## Classmates also unlocked

###### FIN501 Chapter 4: Lecture 4 Research Design.docx

Textbook Note

###### FIN 501 Lecture Notes - Lecture 1: False Dilemma

Lecture Note

###### FIN 501 Chapter Notes - Chapter 3: Darpa, How Do You Know

Textbook Note

###### FIN501 Chapter 5: Lecture 5.docx

Textbook Note

###### FIN 501- Final Exam Guide - Comprehensive Notes for the exam ( 127 pages long!)

Study Guide

###### FIN 501 Lecture Notes - Lecture 11: Alphabet Inc., Microsoft, S&P 500 Index

Lecture Note

###### FIN 501- Final Exam Guide - Comprehensive Notes for the exam ( 33 pages long!)

Study Guide

###### Investment Portfolio Report.doc

Exam Note

###### Fin501 notes.docx

Exam Note

###### FIN 501 Study Guide - Midterm Guide: Bel Canto, Ethnology, Heigh-Ho

Exam Note

###### FIN 501 Study Guide - Final Guide: Standard Deviation, Cash Flow, Dirty Price

Exam Note

###### FIN 501 Study Guide - Modern Portfolio Theory, Systematic Risk, Efficient Frontier

Exam Note

###### FIN 501 Final: FIN 501 formula sheet

Exam Note

###### FIN 501 Lecture 1: Chapter 2

Lecture Note

###### FIN501 Final: FIN 501 Formula Sheet.pdf

Exam Note