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Mathematics & Economics

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Statistics Project

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# Statistical Analysis (Statistics Project Sample)

Instructions:

In the previous unit, you submitted the topic for your course project. The next step is to consider and describe ways to administer a survey that will gather data related to your course project. For this discussion, answer the following questions:
What type of sampling methods would you use?
In developing your survey, you will create six questions. What are some of the specific questions that your survey should contain?
What difficulties do you anticipate in designing a study around the topics offered?
Use the "Eight Guidelines for Critically Evaluating a Statistical Study" presented on page 34 of Chapter 1 in your text to predict issues that might arise. This information will also be discussed in Unit 3, where you are given some specific guidelines for these questions.
Eight Guidelines for Critically Evaluating a Statistical Study
1. Identify the goal of the study, the population considered, and the type of study.
2. Consider the source, particularly with regard to whether the researchers may be biased.
3. Examine the sampling method to decide whether it is likely to produce a representative sample.
4. Look for problems in defining or measuring the variables of interest, which can make it difficult to interpret any reported results.
5. Watch out for confounding variables that can invalidate the conclusions of a study.
6. Consider the setting and wording in surveys or polls, looking for anything that might tend to produce inaccurate or dishonest responses.
7. Check that results are fairly represented in graphics and concluding statements, because both researchers and media often create misleading graphics or jump to conclusions that the results do not support.
8. Stand back and consider the conclusions. Did the study achieve its goals? Do the conclusions make sense? Do the results have any practical significance?
source..

Content:

STATISTICAL ANALYSIS

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(15 October 2010)

Statistical Analysis

Introduction

Mathematics is usually conceived to be an international language theoretically; this is usually viewed to be an answer and opportunity to the many that are financially starved. However, students who are assigned to this subject usually view mathematics as very big problem itself. This essay shall centralize on the question of how mathematics has improved the performance of the economics students in the University of Michigan.

Research findings

Only when studying mathematics students usually consider this subject as a huge problem. However, analysts have articulated that this subject open up doors for those who want to achieve money or grow financially as noted by Barnett (1991). Usually economics with mathematics based on the ambition of the economist whose ambition is to explain relative thoughts through numbers is the answer.

Further more Barnett (1991) articulates that mathematics from time memorial has been a very important tool to economics analysis, although this is just another component of economics analysis and is not the only angle which can tackle economics ana...

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