For this assignment you will construct a frequency distribution and histogram for an example dataset and describe some general inferences that might be made from the analysis. You may select one of the data files from chapter 2 (datasets), or create your own. You may even modify one of the chapter 2 datasets to represent variables that are relevant to your organization or field of study. Once you have selected or created your dataset, complete the following assignment.
Prepare a frequency distribution for a variable relevant to your organization or field of study. Include a histogram as a visual representation of the frequency distribution. Using the “empirical rule”, what are some basic assumptions that might be made about the data you’ve chosen to analyze? How might this basic analysis lead to improved decision-making in practice? Present your findings in a 400-word (minimum) executive summary that includes the histogram.
Bazerman, M. H. (2012). Judgment in Managerial Decision Making. [VitalSource Bookshelf]. Retrieved from https://online.vitalsource.com/#/books/9781118543139/