Stats Assignment - Start by describing how you came to find...

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Start by describing how you came to find the particular example(s) you found.  Is this a common use of inferential statistics in this area of business?  Explain  why you picked the particular example you did. We decide to use the data from a data management assignment based on prom  completed in previous years. This applies because as a prom committee they need  to know how many individuals they will be catering. This is kind of like a business  scenario when a company needs to find data to either present new product to the  public or get employee satisfaction rates. By looking at past years we can learn from  the previous mistakes and improve on the overall event.  It was observed over the previous years that the venue did not supply enough  seating and then there was a maximum capacity placed on prom, so people missed  out and this is what was attempted to be avoided. A questionnaire was done by the  students to see roughly how many students will be present at the event.  Given that  statistics  was defined as “the science of collecting, organizing,  presenting, analyzing, and interpreting data to assist in making more effective  decisions;” what business decision was at the core of your example? The decision at the core of our example was “what type of advertising method  should be used to best advertise the prom and increase sales. (Therefore being able  to afford a larger venue)” There are numerous methods that could be used within the  secondary school to advertise for the prom. Announcements over PA (public 
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This note was uploaded on 05/31/2008 for the course SCMA 1000 taught by Professor Balthazard during the Fall '08 term at University of Guelph - Humber.

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Stats Assignment - Start by describing how you came to find...

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