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    Inferential stats

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    List and discuss at least two ways you use descriptive and inferential statistics in your organization or personal life

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    Solution Preview

    Descriptive stats:

    In my organization, I would work on budgets. What I would do is create a spreadsheet of the following data:
    - cost of the project
    - how long the agency worked on the project
    - date of the invoice
    - date the client paid the bill

    So essentially, by looking at the two dates, I am able to calculate the time it takes for the client to pay their bill.

    Having a spreadsheet of hundreds of numbers is not good for my manager, they want to ...

    Solution Summary

    Examples of inferential stats are embodied.

    $2.49

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