{"id":428485,"date":"2018-10-05T15:07:29","date_gmt":"2018-10-05T15:07:29","guid":{"rendered":"https:\/\/acemystudy.com\/math-the-quantitative-analysis-approach\/"},"modified":"2018-10-24T08:41:51","modified_gmt":"2018-10-24T08:41:51","slug":"math-the-quantitative-analysis-approach","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/math-the-quantitative-analysis-approach\/","title":{"rendered":"Math-The Quantitative Analysis Approach"},"content":{"rendered":"<p><strong>The Quantitative Analysis Approach<\/strong><\/p>\n<p>Text<\/p>\n<p>Lind, D. A., Marchal, W. G., &amp; Wathen, S. A. (2017). <em>Statistical techniques in business and economics<\/em>. (17th ed.). Retrieved from http:\/\/connect.mheducation.com\/class\/<\/p>\n<p>#1 Based on the above below, along with this week\u2019s assigned readings and Instructor Guidance, discuss why quantitative analysis is important for describing data sets and presenting distribution information.<\/p>\n<p><strong>The Quantitative Analysis Approach [WLO: 1] [CLO: 1] 250 to 350 words<\/strong><\/p>\n<ol>\n<li>For this discussion, begin by reviewing the technique of quantitative analysis in your textbook. Then, keeping this technique in mind, read the following quotes:<\/li>\n<\/ol>\n<ul>\n<li>\u201cData do not give up their secrets easily. They must be tortured to confess.\u201d\u2014Jeff Hopper, Bell Labs<\/li>\n<li>\u201cStatistics is a body of methods for learning from experience.\u201d\u2014Lincoln Moses<\/li>\n<li>\u201cThe time may not be very remote when it will be understood that for complete initiation as an efficient citizen of one of the new great complex worldwide states that are now developing, it is as necessary to be able to compute, to think in averages and maxima and minima, as it is now to be able to read and write.\u201d\u2014H.G. Wells<\/li>\n<li>\u201cThe coming century is surely the century of data.\u201d\u2014David Donoho (2000)<\/li>\n<li>\u201cAnother mistaken notion connected with the law of large numbers is the idea that an event is more or less likely to occur because it has or has not happened recently. The idea that the odds of an event with a fixed probability increase or decrease depending on recent occurrences of the event is called the gambler\u2019s fallacy. For example, if Kerrich landed, say, 44 heads in the first 100 tosses, the coin would not develop a bias towards the tails in order to catch up! That\u2019s what is at the root of such ideas as \u2018her luck has run out\u2019 and \u2018he is due.\u2019 That does not happen. For what it\u2019s worth, a good streak doesn\u2019t jinx you, and a bad one, unfortunately, does not mean better luck is in store.\u201d\u2015Leonard Mlodinow, <em>The Drunkard\u2019s Walk: How Randomness Rules Our Lives<\/em><\/li>\n<li>\u201cA certain elementary training in statistical method is becoming as necessary for everyone living in this world of today as reading and writing.\u201d\u2015H.G. Wells, <em>World Brain<\/em><\/li>\n<li>\u201cThe non-scientist in the street probably has a clearer notion of physics, chemistry and biology than of statistics, regarding statisticians as numerical philatelists, mere collector of numbers.\u201d\u2015Stephen Senn, <em>Dicing with Death: Chance, Risk and Health<\/em><\/li>\n<\/ul>\n<p>Quotes retrieved from www.goodreads.com\/quotes\/search?utf8=%E2%9C%93&amp;q=statistics&amp;commit=Search (Links to an external site.)Links to an external site.<\/p>\n<p>#2<\/p>\n<p><strong>Examples of Quantitative Analysis in Research [WLO: 2] [CLOs: 2, 3] 250-350 words<\/strong><\/p>\n<p>Locate an example of a research study that uses quantitative analysis. Explain what this statistical method allowed the researchers to accomplish and conclude in the study.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Quantitative Analysis Approach Text Lind, D. A., Marchal, W. G., &amp; Wathen, S. A. (2017). Statistical techniques in business and economics. (17th ed.). Retrieved from http:\/\/connect.mheducation.com\/class\/ #1 Based on the above below, along with this week\u2019s assigned readings and <a href=\"https:\/\/www.benedictsol.com\/blogs\/math-the-quantitative-analysis-approach\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-428485","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/428485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=428485"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/428485\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=428485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=428485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=428485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}