The Planning Stage in Statistical Reasoning |
| |
| Authors: | Norman L. Chervany P. George Benson Raja K. Iyer |
| |
| Affiliation: | College of Business Administration, University of Minnesota , Minneapolis , MN , 55455 , USA |
| |
| Abstract: | An important step in the statistical problem-solving process is the selection of the appropriate statistical procedure for the real-world situation under analysis. A decision-tree term project has been found to be an effective teaching device to help MBA students understand this step. The project requires the students to construct a decision-tree structure, which, through a series of questions and responses, will lead from the statement of a statistical question to the appropriate sampling distribution to use in addressing the question. |
| |
| Keywords: | Statistical problem solving Applied statistics Planning statistical studies Sampling distributions |
|
|
