BIS 155 iLab 8 ( Week 7 ) Descriptive statistics , formatting , graphs , and regression analysis
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presented in your workbook . The write-up of your analysis should be formatted professionally . Be sure to review your writing for spelling and grammar structure . Your memo will focus at least one paragraph on each of the Data Analysis sheets in your workbook . Explain the type of analysis you completed , the conclusions you drew , and a recommendation based on the analysis . You should include a final paragraph that explains three things you learned about using Excel for data analysis . Be sure to submit your work for this iLab to the Dropbox basket labeled Week 6 : iLab 7
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BIS 155 iLab 8 ( Week 7 ) Descriptive statistics , formatting , graphs , and regression analysis
For more course tutorials visit www . uophelp . com
Scenario / Summary Hopefully you will find this week ' s iLab activity fun and useful . We ' ll be exploring the world of statistics from a business perspective this week , allowing you to practice your skills with descriptive statistics , formatting , graphs , and regression analysis . As discussed in the lesson , the value of statistics lies in the ability to analyze data more effectively for the purpose of improving decision making . You might have heard the expression that " statistics never lie , and only liars use statistics ". There is an obvious truth in this statement , in that , depending on the questions being asked and the data collected , the statistics can skew reality . For example , it is true that as ice cream sales increase , accidents at swimming pools increase . Does this mean that the more ice cream that is sold , the more accidents it causes ( correlation / causation )? Of course not , but the data , if not interpreted correctly , could lead to false conclusions . It just so happens that both are correlated to a rise in temperature in the summertime . The hotter it is outside , the more kids