directly contributes to the success of the organization.
BUS 240: DATA ANALYSIS FOR MANAGER
HANDS ON ASSIGMENT: 1
NAME: SAKSHI JAIN
1)
Statistics is the science of collecting, organizing, analyzing, interpreting, and presenting data.: TRUE.
2)
Empirical data
are collected through observations and/or experiments: TRUE.
3)
Bob said, "Why study math and statistics? I'm majoring in human resources because it's people that are important in business, not numbers." Argue both for and against Bob's statement
.
For Bob’s statement:
Value of human resource:
According to Bob, the study of human resources is more important than the study of mathematics and statistics because it ultimately defines that the success of an organization depends mainly on human resources and the strength of interpersonal and interpersonal skills. This captures the essence of human behavior and art. Managing and leading teams is extremely important. The presence of human resources is undoubtedly the strength of the organization: it gives priority to research on the subject. contributes directly to the success of the organization.
Against Bob’s statement:
Importance of analytical decision making:
Mathematics and statistics are useful analytics resources businesses can use to stay informed decisions for a company. Experts in the field can tell you who to contact improvements and can understand digital trends in
order to implement them effectively decisions for the future that could also help you take the “first step”. “advantage” in many situations. Statistics therefore plays a key role in this process strategic achievements of each organization.
