Question: Statistical Methods
Discuss the differences among the three major components of statistical methodology (descriptive statistics, statistical inference, and predictive statistics). Why might these distinctions be important to a manager?
REFERENCE:
Evans, J., & Lindsay, W. (2011). Managing for quality and performance excellence (8th ed.). Mason, OH: South-Western Cengage. Chapter 10: Statistical Thinking and Application
b. Chapter 11: Six Sigma and Process Improvement