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Relating Statistics to Solve Business Related Problems

Need guidance on how to approach a statistics paper. Problem: utilize statistics to solve a business related problem. The synopsis should include a discussion of the specific problem, the research methodology used, the quantitative and qualitative tools employed in the study, and the benefit and limitations of the research study. Address additional types of quantitative research recommended to further enhance the validity and reliability of the research findings.

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Please see response attached (also below), as well as one supporting document. I hope this helps and take care.

RESPONSE:

1. Relating statistics to solve business related problems: Need guidance on how to approach a statistics paper. Problem: utilize statistics to solve a business related problem. The synopsis should include a discussion of the specific problem, the research methodology used, the quantitative and qualitative tools employed in the study, and the benefit and limitations of the research study. Address additional types of quantitative research recommended to further enhance the validity and reliability of the research findings.

Do you have a specific business problem that comes to mind, or do you just want an explanation of how to approach a statistics paper? The research problem is usually listed in the Abstract of a research paper and/or in the introduction. The methodology employed in the study will be outlined in some detail in the method section of the article. Similarly, the analysis section of the article explains the quantitative (i.e., surveys, questionnaires, etc.) and/or qualitative (i.e., interviews, observation, etc.) methods/tools used in the study. The limitations of the study (i.e., small sample, high drop out rate, etc.) are usually listed in the discussion section, which is toward the end of the article, while some authors list the limitations in the Introduction as well.

The tentative outline of the Synopsis will follow the above suggested format:

I. Introduction to the study (name of article and author; and purpose of the study, which is located in the Abstract and/or Introduction)

II. Methodology (discussed in the method section) i.e., "This study collected data using quantitative methods. Specifically, the authors collected information from 500 participants using surveys..."

III. Qualitative and/or Quantitative Analysis (discussed in the analysis section) i.e., the quantitative data was collected through surveys and analyzed using the ANOVA. They found that..."

IV. Benefits and Limitations (discussed in the Discussion section usually) i.e., "In the discussion section of the paper, ...

Solution Summary

Through illustrative example, this solution provides guidance on how to approach a statistics paper utilizing statistics to solve a business related problem. Supplemented with an article on consumer buying behavior.

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