Question: Language

Numbers and measurements are the language of business. Organizations look at results in many ways: expenses, quality levels, efficiencies, time, costs, etc.

What measures does your department keep track of?

Are they descriptive or inferential data, and what is the difference between these? (Note: If you do not have a job where measures are available to you, ask someone you know for some examples, or conduct outside research on an interest of yours, or use personal measures.)

Tanner, D. E., & Youssef-Morgan, C. M. (2013). Statistics for managers