Understanding Business Research Terms and Concepts Part 2...

Understanding Business Research Terms and Concepts: Part 2 Ming D. Lee RES/351 April 18, 2016 Dr. Linda F Florence Understanding Business Research Terms and Concepts: Part 2 Descriptive statistics Descriptive statistics suggests a straightforward quantitative outline of a data-set which has been gathered. It helps us comprehend the experimentation or data-set in-detail and tells people concerning the mandatory details that help show the data perceptively. Descriptive statistics, we just convey exactly what the data reveals and tell us. Most of the statistical averages and numbers we estimate are essentially illustrative averages. For instance the Dow Jones Industrial tells us about the typical performance of select firms. The†¦show more content†¦The research can use strategies including surveys, observation, area experiments, interviews and quantity analysis. As it is indeed diverse in technique and utilization, some researchers favor its use in numerous disciplines including advertising, medical-health, and psychology. On the possible negative aspect, â€Å"Descriptive research† can at times be used to match the requirements of the researcher. Example: when preparing a survey, one may load the survey questions to direct the reader to respond in a specific manner. Or in another instance, a comparison between two merchandise or product, it is possible to give one commodity an unfair edge to get the wanted outcome. There are two principal limits to the usage of â€Å"Inferential Statistics†. The primary and most critical limitation, which will be present in all â€Å"inferential statistics†, is that if you are supplying data of a population which you havent entirely quantified, and thus, cannot actually be entirely sure the values/numbers you compute are right. Keep in mind, â€Å"inferential statistics† are based in the notion of utilizing the values measured in an example to estimate/infer the values that might be quantified in a population; there will be a level of doubt in this way. The 2nd restriction is linked with the primary restriction. Again, there will likely beShow MoreRelatedUnderstanding Business Research Terms and Concepts Part 21644 Words   |  7 PagesUnderstanding Business Research Terms and Concepts: Part 2 Justin Wilson RES 351 Business Research 31 Mar 2015 Biman Ghosh Descriptive statistics is the term given to the analysis of data that helps describe, show or summarize data in a meaningful way such that, for example, patterns might emerge from the data. Descriptive statistics do not, however, allow us to make conclusions beyond the data we have analysed or reach conclusions regarding any hypotheses we might have made. 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