QMS 102 Chapter Notes - Chapter 2: Categorical Variable, Design Of Experiments, Frequency Distribution

• School: Ryerson University
• Department: Quantitative Methods
• Course: QMS 102
• Professor: Gunawardena Egodawatte

Document Summary

Define the variables for which you want to reach conclusions. Organize the data collected by developing tables. Analyze the data by examining the appropriate tables and charts (and in later chapters by using other statistical methods) to reach conclusions. A marketing research analyst needs to assess the effectiveness of a new. A pharmaceutical manufacturer needs to determine whether a new drug is more effective than those currently in use. An operations manager wants to monitor a manufacturing process to find out whether the quality of the product being manufactured is conforming to company standards. An auditor wants to review the financial transactions of a company in order to determine whether the company is in compliance with generally accepted accounting principles. Primary sources: the data collector is the one using the data for analysis. Secondary sources: the person performing data analysis is not the data collector. Examining data from print journals or data published on the internet.