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# BUSN311 Quantitative Methods and Analysis Answer

Unit 2 – Probability and Distributions

Type your Name Here

American InterContinental University

Abstract

This is a single paragraph, no indentation is required. The next page will be an abstract; “a brief, comprehensive summary of the contents of the article; it allows the readers to survey the contents of an article quickly” (Publication Manual, 2010). The length of this abstract should be 35-50 words (2-3 sentences).

Memo

To:

From:

Date:

Subject:

Dear [Recipient]:

Provide a brief introduction (2-3 sentences) to the email you are writing to provide a preview of what will be covered.

Overview of the Data Set

Provide an overview for the current data set. What variables does it include? Which are qualitative, which are quantitative? What categories are used and why are they used? Begin your e-mail to AIU by first providing an overview of the database, that is, a story about the characteristics that may include types of variables, etc.

Use of Statistics and Probability in the Real World

This is a great place for outside research. Be sure to include information about where statistics are being used in the workplace.

The Value of Statistics

Explain the value of statistics and its contribution to the success of an organization. This is a great place for outside research.

Distributions

Write a brief introduction (1-2 sentences) about the information you can find in a distribution table. Why is this information useful to AIU?

Then complete the following distribution tables. Please pay attention to whether you should present the results in terms of percentages or simple counts.

Distribution of Individuals by Gender

 Gender Percentage Females Males

Tenure with Company Distribution by Gender

Please note that you do NOT have to convert these into percentages. You may leave them in a count format.

 Under 2 years 2-5 Years Over 5 years Male Female

Percentage of the Survey Participants in Each Department

 Department Percentage Information Technology Human Resources Administration

Sample Mean for Extrinsic Value by Gender

 Gender Mean Extrinsic Value Male Female

Probabilities

Write a brief 1-2 sentence introduction about which probabilities you will calculate and why the information is useful for AIU.

Then complete the following table. Please remember to always use the TOTAL number of respondents for your denominator when calculating each probability.

 Classification Count Probability Probability that an individual will be between 16–21 years of age Probability that an individual’s overall job satisfaction is 5.2 or lower Probability that an individual will be a female in the human resources department Probability that an individual will be a salaried employee whose intrinsic satisfaction value is 5 or more

Probabilities in the Business World

RESEARCH REQUIRED: other ways that probability is used in business. Deductions for not using APA format are applied in this section.

Conclusion

Write a brief conclusion that sums up the importance of the information contained in this email. Sum it all up for the reader in a few sentences in the same way you would do in a professional environment!

Sincerely,

References

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