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Things like descriptive or nonparametric statistics, probability concepts, hypothesis testing and research are very important tools for managers. Descriptive statistics are “methods of organizing, summarizing and presenting data in an informative way” (Lind, Marchal & Wathen, 2004). Descriptive statistics are sometimes considered the basic static because they tend to be used by managers to view the very obvious data before them and lay a foundation for decisions making. USA World Bank (UWB) is on the verge of launching their new product with the approval of the board. Some form of descriptive statistics is needed in order for them to be successful in organizing, summarizing accurately and presenting correct data to the board members...
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