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Statistics for the Business World
28:39

Statistics for the Business World

Emphasizes the business use of statistics, showing how appropriate statistics give a more accurate, more comprehensive picture of business growth and trends.

Mean, Median and Mode: Determining Which Statistic is the Best Measure of a Data Set
01:21

Mean, Median and Mode: Determining Which Statistic is the Best Measure of a Data Set

This clip examines how the mean, median and mode can each tell a different story about the same set of data. As an example, the clip looks at the number of newspapers sold at a convenience store on seven consecutive days, and asks whether the mean, ...

Mean, Median and Mode: Introduction to Mean, Median and Mode
00:36

Mean, Median and Mode: Introduction to Mean, Median and Mode

This clip introduces and defines the terms "mean," "median" and "mode."

Mean, Median and Mode: Shortcut for Handling Larger Data Sets, A
01:57

Mean, Median and Mode: Shortcut for Handling Larger Data Sets, A

This clip explains that many real-life applications of statistics use very large data sets. "Since there are so many values," the clip states, "…and some of the values appear more than once, we'll group the data in a table." The clip concludes by n...

Mean, Median and Mode: Using Statistics to Support Certain Viewpoints
05:35

Mean, Median and Mode: Using Statistics to Support Certain Viewpoints

This clip presents two examples showing how data can be skewed by advocates looking to make a particular point, simply by choosing to use (or not use) the mean, median or mode in analyzing a data set.

Market Research Data: Primary vs. Secondary
03:34

Market Research Data: Primary vs. Secondary

This clip explains the difference between primary and secondary data, noting that each can be valuable in its own way for the entrepreneur seeking to gauge the prospects for success.