Online Statistics
Part 1
Probability theory is an aspect that is applicable on an everyday basis. A particular situation in which I may use probability theory to reach a decision in public management is to investigate equal employment prospects within the organization. For instance, there is a need to assess whether the organization hires women in the same manner as men, especially in positions that do not necessitate certain gender traits. Therefore, in this case, probability theory can be beneficial in probability theory, specifically Bernoulli process. That is, a process can either generate two possible outcomes, which are male or female. Probability plays a pivotal part in this regard because the probability of a certain results is the proportion of times that outcome would take place in a long and extensive run of repeated observations. In this instance if men and women are equally represented in the labor force, then the probability of selecting a woman by chance (p) presumably equals .5, as does the probability of drawing a man (q). Therefore, in this regard, it becomes possible to make a sensible judgment regarding the hiring practices of the organization. It is imperative to note that guessing in this particular instance of decision making would not be correct or right because it would be misleading and give a wrong judgment regarding the hiring process of the organization (McNabb, 2015).
Part 2
There is a great deal of materials covered in the Online Statistics Education: A Multimedia Course of Study. The content begins by defining statistics and delineating its significance. It shows that statistics is imperative as it is included to incorporate credibility to an argument or recommendation. In addition, statistics provides tools that one requires so as to react logically to information one hears or reads. Furthermore, the content shows that statistics can be classified into descriptive statistics and inferential statistics. On the one hand, descriptive statistics encompass numbers that are employed...
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