Why is statistical analysis preferable to visual inspection ("eye-balling") of data when making managerial decisions? Why is it generally not a good idea to use statistics as the only tool for decision making?© BrainMass Inc. brainmass.com October 24, 2018, 10:15 pm ad1c9bdddf
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Why is statistical analysis preferable to visual inspection ("eye-balling") of data when making managerial decisions?
Auditors frequently use statistics to describe the results of sample testing or an investigation. This process is referred to as data analysis or descriptive statistics. Auditors also use statistics another way; if the entire population of interest is not accessible to them; they often observe only a portion of the population (a sample) and use statistics to answer questions about the whole ...
This formatted MS Word file contains information on the advantages and disadvantages of statistical analysis methodology.
Research Method Quantitative Approach
Please answer below questions in detail:
What is a quantitative research? When do we use quantitative approach? and what is the advantages and disadvantages when using a quantitative research?
What is a deductive approach? When do we use deductive approach? and what are the advantages and disadvantages when adopting a deductive approach in a research project?
What is Positivistice epistmology? When do we use Positivistice epistmology? and what are the advantages and disadvantages when using Positivistice epistmology in a research project?
What are the advantages and disadvantages of using a Survey as a research method?
Please list out all possible Data Analysis ways to analyse a quantitative research data? and please explain why would it be a good data analysis way?
Please list out all your research references.View Full Posting Details