Sample Essay on:
Business Statistics and Probability

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Essay / Research Paper Abstract

A 4 page paper using a survey of 288 employees as the data used in statistical analysis of that data. Questions answered through calculation of probability include "What is the gender distribution?" and "What is the probability this person will be an hourly employee whose intrinsic satisfaction is 6 or more?" Bibliography lists 4 sources.

Page Count:

4 pages (~225 words per page)

File: CC6_KSstatsProbBus2.rtf

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Unformatted sample text from the term paper:

the objective of business statistics as finding the ability "to make inferences (e.g., prediction, making decisions) about certain characteristics of a population based on information contained in a random sample from the entire population." The ability to identify the probability of random occurrences enables businesses to better identify the results of concerted effort and whether their approaches are being successful. Data Overview Of the 288 individuals surveyed, 41.6 percent (120) were male and 58.3 percent (168) were female. Failure for the percentages to add to 100 are due to rounding differences. In terms of tenure with the company, individuals are grouped according to ranges of time with the company: less than 2 years; 2 - 5 years; and more than 5 years. Table 1 illustrates tenure with the company according to gender. Table 1. Tenure by Gender Less than 2 years 2 to 5 years More than 5 Years Number Percentage Number Percentage Number Percentage Men 79 27.4% 26 9.0% 15 5.2% Women 91 31.6% 42 14.6% 35 12.2% As can be seen in Table 1, the largest single group was women who have been with the company less than 2 years, followed by men who have been with the company less than 2 years. The other longevity categories exhibit the same pattern, with greater numbers of women in each tenure classification than men. Table 2. Respondents by Department Human Resources Information Technology Administration Number 11 101 176 Percent of respondents 3.82% 35.07% 61.11% Women ...

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