Dat565 week 1 - Study guides, Class notes & Summaries

DAT565 Week 1 A DAT/565 Data Analysis and Business Analytics Week 1 Apply: Statistical Analysis Statistical Analysis: Pasta R Us ï‚·Calculate the mean, standard deviation, skew, 5-number summary, and interquartile range (IQR) for each of the variables. Mean SqFt 2580.47 Sales/Person 7.04 Sales Growth % 7.41 Loyalty Card % 2.03 Standard Deviation 374.92 0.3

Chapter 1 provides a foundational overview of statistics, delineating its role in collecting, organizing, analyzing, interpreting, and presenting data. It distinguishes between descriptive and inferential statistics, elucidates the importance of assumptions, and underscores the utility of statistics in business decision-making. Ethical considerations, responsibilities of data analysts, and common statistical pitfalls are also highlighted. The chapter emphasizes the importance of statistical lite...