Statistics in Business Essay Example for Free

Statistics in Business Essay What is statistics? Statistics is collecting, measuring, analyzing, and communicating data. There are two types of statistics, descriptive statistics and inferential statistics (Lind, Marchal, Wathen, 2011). Statistics are applied in different situations. This paper will describe the role statistics has in making business decisions. This paper will also provide examples of situations in which statistics are applied. Types of Statistics Lind, Marchal, and Wathen define statistics as â€Å"The science of collecting, organizing, presenting, analyzing, and interpreting data to assist in making more effective decisions (Lind, et al. , 2011, p. 5). In statistics there are two types, descriptive and inferential statistics. First, descriptive statistics is the informative organization, summarization, and presentation of data. The second type of statistics is inferential statistics. Inferential statistics is also called statistical inference, is â€Å"the methods used to estimate a property of a population on the basis of a sample† (Lind, et al., 2011 p. 7). Statistic Examples One example of statistics in a situation is when starting a weight loss program. To measure the progress of the weight loss over time the individual would measure their weight on the same day and time every week then plot the results on a chart for six months. Another example is in baseball. In baseball a batter statistics is used to see the probability of hitting certain types of the pitches and rather the batter can hit a homerun. A third example is when network channels use inferential statistics to determine when to cancel a program. The networks gather data samples of the viewers’ preferences. The ratings of the viewers’ program preference are in turn used to determine which programs are canceled. Conclusion In conclusion, statics was defined as the collection, measurement, analysis, and communication of data. The two types of statistics, descriptive and inferential statistics were also defined. Finally, three examples weight loss measurement, baseball hits, and program ratings were presented to provide situations were statistics were applied.

Ephedrine and Its Effect on Weight Loss Essay -- Health Dieting Ephed

Ephedrine and It's Effect on Weight Loss The Dilemma It is dilemma that affects the world over, its scope nothing short of the earth's 25,000 mile circumference. However, in certain cultures it is a more significant issue than in others. Nevertheless, it can affect every aspect of our lives, driving many even to suicide. Few, if any, are naturally invincible to its hidden wrath. This invisible, yet potent dilemma is obesity, or simply weight control. In countries, such as the United States, weight control is a common, yet, dire issue. Especially, in a society where thin is in, but for many, so are fatty foods and infrequent exercise, there is a huge and growing demand for quick, easy schemes to lose weight. However, the true importance of being overweight, is often misconstrued. For the majority, being overweight is frightening because of it's social ramifications, while the many important health risks are often overlooked. According to the Department of Health and Human Services, being overweight is a risk factor for heart disease, stroke, diabetes, and several types of cancer. Thus, the weight loss business has skyrocketed over the past decade, becoming a multi-billion dollar industry. Despite the seemingly countless 'magical' diet schemes available to the public, a product and/or method has yet to emerge which allows for quick, easy and physically safe weight-loss. One chemical in particular, however, has showed increasingly p romising signs regarding this issue. The chemical is ephedrine. Ephedrine and It's Uses Derived from the Chinese plant ma huang, ephedra or better known as ephedrine, is found both naturally and synthetically in various dietary supplements, over the counter herbal stimulants, prescripti... ...t involve the proper combination of diet, exercise, and drug interaction. Ephedrine may hold the key to fill in for the drug portion of the equation, but as with practically all drugs, there are risks involved. Whether ephedrine is too dangerous to be sold in over the counter products, is still under debate. Ephedrine does have great potential, yet is it worth the risks? References "Effect of ephedrine and theophylline on weight loss, resting energy expenditure and lipoprotein lipase activity in obese over-fed rats." The International Journal of Obesity and Related Metabolic Disorders, June 1993. Malecka-Tendera, E. "Is there any Magic" Dr. David Schlundt, 1996. "Potentiation of the thermogenic antiobesity effects of ephedrine by dietary methylxanthines: adenosine antagonism or phosphodiesterase inhibition?" Metabolism: Clinical and Experimental, Ephedrine and It's Effect on Weight Loss Essay -- Health Dieting Ephed Ephedrine and It's Effect on Weight Loss The Dilemma It is dilemma that affects the world over, its scope nothing short of the earth's 25,000 mile circumference. However, in certain cultures it is a more significant issue than in others. Nevertheless, it can affect every aspect of our lives, driving many even to suicide. Few, if any, are naturally invincible to its hidden wrath. This invisible, yet potent dilemma is obesity, or simply weight control. In countries, such as the United States, weight control is a common, yet, dire issue. Especially, in a society where thin is in, but for many, so are fatty foods and infrequent exercise, there is a huge and growing demand for quick, easy schemes to lose weight. However, the true importance of being overweight, is often misconstrued. For the majority, being overweight is frightening because of it's social ramifications, while the many important health risks are often overlooked. According to the Department of Health and Human Services, being overweight is a risk factor for heart disease, stroke, diabetes, and several types of cancer. Thus, the weight loss business has skyrocketed over the past decade, becoming a multi-billion dollar industry. Despite the seemingly countless 'magical' diet schemes available to the public, a product and/or method has yet to emerge which allows for quick, easy and physically safe weight-loss. One chemical in particular, however, has showed increasingly p romising signs regarding this issue. The chemical is ephedrine. Ephedrine and It's Uses Derived from the Chinese plant ma huang, ephedra or better known as ephedrine, is found both naturally and synthetically in various dietary supplements, over the counter herbal stimulants, prescripti... ...t involve the proper combination of diet, exercise, and drug interaction. Ephedrine may hold the key to fill in for the drug portion of the equation, but as with practically all drugs, there are risks involved. Whether ephedrine is too dangerous to be sold in over the counter products, is still under debate. Ephedrine does have great potential, yet is it worth the risks? References "Effect of ephedrine and theophylline on weight loss, resting energy expenditure and lipoprotein lipase activity in obese over-fed rats." The International Journal of Obesity and Related Metabolic Disorders, June 1993. Malecka-Tendera, E. "Is there any Magic" Dr. David Schlundt, 1996. "Potentiation of the thermogenic antiobesity effects of ephedrine by dietary methylxanthines: adenosine antagonism or phosphodiesterase inhibition?" Metabolism: Clinical and Experimental,

Reward, Punishment, Prisoner’s Dilemma Essay

Reward and punishment are subcategories of operant conditioning. Rewards are meant to reinforce and increase behavior, while punishments decrease behavior. For example, if you want to potty train your dog, you would reward the dog every time it goes outside to pee by giving them a treat or petting them. On the other hand, if your dog pees indoors on the carpet, you would punish it by yelling or spanking them. Eventually, you will decrease the amount of reward little by little (by only feeding the dog treats every ten times the dog goes outside to pee), and the dog will be potty trained (conditioned). Johnny and Sam have been arrested by the police for robbing the bank and the police put them in separate jail cells. The officer makes an offer to each telling them they may choose to testify against their friend or remain silent. If one confesses and their friend remains silent, the person who confesses will be free while their friend will be sentenced 10 years in prison. If both stay silent, they will be sentenced 6 months in prison while if both confess, both will get five years in jail. The dilemma that the prisoners face is that whatever the other does, each is better off confessing then remaining silent. However, if both confess, the outcome is worse then if they both had remained silent. Pursuing for individual reward would logically lead to both prisoners betraying and getting sentenced a longer time in prison, but instead if the prisoners cooperated, they would both get less time in prison. Through experimenting with this in class, I came to a conclusion that factors such as gender affected the results. Males tended to be more self-interested and were dominated with betrayal while women tended to lean towards staying silent and not risking betraying their friends. The marshmallow experiment was a study done in which a marshmallow was offered to each child for 15 minutes in a room, alone. The child was told that if they could resist eating the marshmallow for 15 minutes, they would be rewarded with another. Most children (two-thirds) were unable to resist the temptation and ate the marshmallow before the 15 minutes was over, even when they knew they’d be treated with another one in just 15 more minutes. This experiment was related with future success– the ability to wait longer correlated with success, since being able to wait showed greater self control, and self control is vital to future success.

Don’t Quit Your Day Job Citizen Journalism - 816 Words

The toxic aroma of despair fell upon Virginia Tech, April 16, 2007, when a gunman opened fired on the university’s campus resulting in thirty-three deaths along with more than a dozen injuries and a permanent wound to the community. Journalist and writer, Lilly Yulianti, posted an article one day after the tragedy identifying a newer form of journalism identified as active citizen reporters. Yuliantis article, Praise for Student’s Footage of Virginia Tech Mass Killing, received a voice in an online news outlet where writings of new forms are welcomed. Time and incident met and a young man, by the name of Jamal Albarghouti, stepped on the school campus and with instinct noticed a chill in the temperament of the vast province of student life and possessed the instant sensitivity captured in a moment of time that would prove to be a rare form of documentation for the indecent events that occurred. 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