Running Head: What I've learned about Statistics

Debra Johnson

What I've learned about Statistics

BUS 308 Statistics for Managers

Instructor: Travis Hayes

June 9, 2015

Introduction

The process of data analysis is that of turning data into significant information. While there are no hard and fast distinctions for analyzing statistical data, ensuring that you have a methodical approach is vital to an accurate analysis. Transforming data into statistical information and then communicating it accurately is a crucial dynamic of effective decision making. Once a policy has been implemented, it is necessary to monitor and evaluate the effectiveness of that policy. As Othman (2005) states, 'Good statistics, therefore, represent a key role in good policy making." The impact of...