Business Statistics Assignment Help Canada

No scholar can be left untouched from assignment pressure and academic stress. It gets doubled when you have to amalgamate two different fields to solve an issue. Yes, I am talking about the blend of statistical techniques and business tricks to resolve business-related problems and predicting future outcomes of different divisions of the firm.

Scholars need to have in-depth knowledge of both the subject to deal with complex university tasks assigned to them. But, it’s time to give some rest to your stress! Experts at Assignment Help Era are offering the best business statistics assignment help on all the topics taught in every Canadian university. So, you are not required to bother yourself anymore.

Research, formatting, referencing, proofreading, and editing, everything will meet the university standard, if done by our experts. Most importantly, you are going to forget the fear of the deadline once our subject matter specialist becomes your academic pal. They can assist you with all types of academic issues based on your assignment. Let’s know a brief about business statistics and types of statistics from our highly-qualified experts.

Business Statistics And Its Use In The Business

We all know that statistics help us to formulate raw data into useful pieces of information. Statistics in terms of business is defined as, “A tool used for extracting information from various areas of business, such as - production, marketing, research and development, finance, etc. for making fruitful decisions”. This definition of business statistics makes it clear that statistical tools and techniques are used in every aspect of a business.

With the help of business statistics, professionals can gauge the previous performance of the project or firm, foresee future trade outcomes and can run the firm properly. A long process of gathering, classifying, analyzing, organizing, summarizing and expounding data takes place before presenting the final outcome or business report. Statistics also help in describing the market, setting the price, responding to consumer’s changing demands, etc.

So, we cannot escape with the fact that business and statistics both go hand in hand while running an organization. That’s the reason why our business statistics assignment help expert says, learners should hold mastery in both the zones to deal with complicated academic tasks.

Two Major Statistics Approaches Used For Business

Based on the statistical techniques used for analyzing data, statistics can be classified into two major categories. Our Business Assignment Help in Canada specialists have defined both types of statistics below.

Descriptive Statistics

In descriptive statistics, statistical tools like graphs, charts, tables, etc. are used to define a certain occurrence. The characteristics of data sets are highlighted by using numerical measures. Various statistical items that fall under descriptive statistics are - range, skewness, standard deviation, five-number summary, correlation, kurtosis, graphs, etc.

Inferential Statistics

The generalizations extracted through descriptive statistics may not be 100% true, so inferential statistics are used to verify the generalization. The facts and figures are estimated and justified in inferential statistics. It is also used by scientists to assess the link between variables within the sample and make predictions about ways in which those variables will connect the bigger population. Statistical techniques used in this statistic are - hypothesis testing, correlation analysis, linear regression analysis, structural modeling, ANOVA, etc.

To solve part 1 of the 1014SCG STATISTICS business statistics assignment help Canada experts have conducted research on the number of times people of different gender, ages, employment, etc. spend on social media platforms, like - Instagram, Facebook and Snapchat. This survey was conducted through email by sending questionnaires to 119 participants.

In part 2 to solve sections a, b and c, they followed the following approach.

Part 2 (a) - They analyzed different variables in the study, age was noted in years, degrees were recorded on the basis of different categories, such as - business, architecture, medicine, etc.

Part 2 (b) - They presented the summary of the statistical analysis of variables. Such as - the average age of people who participated in the study, the average time spent on these social media channels. They represented the analysis in a graphical form.

Part 2 (c) - In this part, they evaluated the graphical representation and revealed the outcome that shows that gender is not dependent on the employment status. Both gender and employment statuses are independent and different from each other.

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