Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) Formal sample size issues are important only in academic (enumerative) statistics. In analytic statistics, the answer to How much data? is Enough to characterize

image text in transcribed
1) "Formal sample size issues are important only in academic (enumerative) statistics. In analytic statistics, the answer to "How much data?\" is "Enough to characterize the underlying situation.\" (2019, Nash et al., pp. 155-156) Why is this the case? How is academic/research statistics fundamentally different from analytic situation such as this? An analytical study is one in which action is taken on a cause system to enhance the future performance of the system of interest. An enumeratiye study strives to evaluate, while an analytical study concentrates on prediction (Provost, 2011). The variety of examinations into enumerative and analytical categories depends on the planned target for action as the impact of the analysis. Research is nding information, while analysis is assessing and analyzing that information to make informed decisions. Analysis is imperative in decision-making, providing context and insights to support informed choices. Good research is essential to practical analysis, but more than research is needed to inform decision-making. While analysis can be time-consuming and resource-intensive, it is essential for creating educated decisions based on data. A large sample size is required in academic statistics to draw a more precise determination. If the analysis has a large sample size. the nding should be precise, and the margin of error should be low. Analytic statistic methods. such as the Pareto Analysis method, allow researchers to concentrate on the root cause of the problem. This type of analysis aims to reveal more deeply hidden special causes and allow for a focus on 20 percent of the inputs causing 80 percent of the problems (Nash... & Ransom, 2019). Concentrating and scheming the totals on a Pareto chart, researchers can quickly identify the problems and estimate the impact of taking disciplinary steps. Reference Nash D. B. Joshi M. Ransom E. R. & Ransom S. B. (2019). The healthcare quality book: vision strategy and tools (Fourth). Health Administration Press. Provost L. P. {2011). Analytical studies: a framework for quality improvement design and analysis. BMJ quality 6} safety. 20 Suppl 1(Supp|_1). i92i96

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Management

Authors: John Pearce , Richard Robinson

13th Edition

0078029295, 978-0078029295

More Books

Students also viewed these General Management questions

Question

1. What determines the amount of output an economy produces?

Answered: 1 week ago