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How would you define research? What is the purpose of business research? How may variance and standard deviation be applied to a real-world business-related problem?

When would converting raw data into z scores be useful? Provide an example from the life sciences and explain why the conversion would be beneficial. Read the response of a classmate and decide whether the conversion to z scores would be beneficial in the classmate’s example. Explain why or why not.

How would you define research? What is the purpose of business research? How may variance and standard deviation be applied to a real-world business-related problem? Provide a specific application in which these measures are useful.  When would you use descriptive over inferential statistics? Provide a specific scenario and explain your rationale.

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