In both for-profit and not-for-profit organizations, statistics are critical pieces of information that allow decision makers to steer the organization in directions that are in the organization’s best interest. Data is acquired from many sources, some within the organization, and some from outside the organization. The government tracks data on many different aspects of society (including industrial output). The following will guide your thinking about the uses of data and information.
Review the important themes within the sub question of each bullet point. The sub questions are designed to get you thinking about some of the important issues. Your response should provide a succinct synthesis of the key themes in a way that articulates a clear point, position, or conclusion supported by research.
You are analyzing the cross-store sales of a grocery store chain. As part of your analysis, you compute two measures of central tendency—mean and median. The mean sales are $358.4 million, and the median sales are $163.1 million (per store).
- To quantify the average sales per store, evaluate which of the two measures would you use and why. Support your discussion with relevant examples, research, and rationale.
The final paragraph (three or four sentences) of your initial post should summarize the one or two key points that you are making in your initial response.
Submission Details
- Your posting should be the equivalent of 1 to 2 single-spaced pages (500–1000 words) in length.
- Since you are engaging in research, be sure to cite in the body of the post and add a reference list in APA format
- Comment on 2 student responses attached