In wrong use of it (Preserve Articles, 2012).” This

In the world of business, statistics serves as
the gateway to determining projected plans and ideas. Without concrete numbers
or projections, there is not a lot of room for growth and stability. With any
examination, analyzation, or layout plan, there are limitations that can hinder
the intended results. Complications arise from uncertainty. It is important to
know the limits before forming an unguided conclusion.

            From
the article “4 most essential limitations
of Statistics”, it stated information about limitations to statistics. “Statistics
deals with facts and figures. So the quality aspect of a variable or the
subjective phenomenon falls out of the scope of statistics. Statistical laws
are not strict as incase of natural sciences. These laws are factual only on
average. Statistics compacts with aggregate of facts. Single or isolated
figures are not statistics. This is considered to be a major handicap of
statistics. Statistical methods rightly used are beneficial but if misused
these become harmful. Statistical methods used by less expert hands will lead
to inaccurate results. Here the fault does not lie with the subject of
statistics but with the person who makes wrong use of it (Preserve Articles, 2012).”

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            This
leads to the goal at hand with determining the limitations of the study
“College and Job Status Statistics”. Before reaching this stage, the goal of
outlining the probability of job status was determined. Also, the goal of
highlighting the statistical value of a college education was successfully
executed. However, there are limitations to this study as well. It is easy to
form a rational conclusion on the data that is presented but the limitation is
credibility from the sources used. The articles previously used came from
sources displayed by corporate figures. Yet, the sources failed to go outside
the box of prospects. I am referring to “job prospects” that could form outside
of the regular market. This pertains to the area of the college graduate and
the demand in the current market. One thing to consider is the fact that many
graduates utilize their degrees in other regions and eliminate being added to
the number of people who are unemployable even with a degree.

            If the sources
included statistics on individuals who set up in another state with high
demand, the conclusion would have been more reasonable. The most common
conclusion formed in the United States is that a college education does not
hold much weight in our society. That is not entirely true because college
graduates have a better chance using their degree in other markets and regions.
The media and political leaders criticize “college and job prospects” by
narrowing prospects to the poor performing cities and states. From the article
“The Best States For Business and Careers”,
the author stated “A recent CBS News poll found that 54% of adults think the
economy and jobs are the most important problem the U.S. is facing today.
Health care ranked a distant second, with 7% of the tally. Almost every state
experienced decreased output, a loss of jobs and budget shortfalls during the
economic downturn. Nationwide employment has declined by 7 million jobs over
the past two years while gross domestic product growth has been sluggish this
year after a 2.6% drop in 2009. No state has emerged unscathed (Badenhausen, 2010).

But some areas are doing better than others, and for many of them, it
isn’t an accident. Who’s doing the best job when it comes to fostering growth?

Utah’s economy has expanded 3.5% annually over
the past five years, faster than any other state except North Dakota. This is
three-and-a-half times faster than the U.S. as a whole. Total employment in the
U.S. has shrunk over the past five years, but in Utah it increased 1.5%
annually, fourth-best in the nation. Household incomes have surged 5% annually,
which is tops in the country and twice as fast as the national average (Badenhausen, 2010).”

            The
previous article ties to the point of identifying other factors that influence
society’s opinion on the low production of college graduates and their
prospects. The growth and production of the state negatively influences
prospects for degree holders. If the rate of growth is low for a region, there
will be a decrease in opportunities. That results in degree holders not working
in their field. If the degree holders in poor states navigate to a healthy
market, the projections will be higher. That is what analyzers have failed to
consider.

            In
the real world, opportunities are there but they increase in probability when
knowledge expands. The study of “job and college status” relates to real-world
business practices. Many employers work with their associates to add value to
their life. I am referring to assisting them with their education expenses and
recommendations. Places like Wal-Mart and Target will fund someone’s education
if he or she shows promise. However, statistical studies can discourage employers
for providing assistance to individuals seeking degrees. From the article “Tuition Assistance”, the author stated “Tuition
assistance, or tuition reimbursement as it is also known, is an
employer-provided employee benefit that is a win-win for your workplace. In a
tuition assistance program, an employer pays all or part of an employee’s cost
to attend college or university classes. Tuition assistance helps employers
build employee loyalty and longevity. Tuition assistance is an employee
retention tool. It is also a recruiting tool that benefits employers with high
potential employees who are focused on growth and learning. Tuition assistance
is a benefit that many potential employees seek (Heathfield, 2017).

Tuition assistance enables employees to continue to expand their
knowledge and skills while working. Employee continuing development is
definitely a plus for the employer, too. The employer benefits from any
learning that an employee pursues, even if it is indirectly through such
factors as retention and commitment (Heathfield, 2017).”

Employers employ these practices to increase the possibilities of
retention. The flip side of executing ethical acts is the factor that is
uncertainty of the good deed. Employers who assist associates with education
question the demand for a college education and wonder the financial assistance
is worth it. From the article “Employers
value skills over college degrees”, the author stated “”Employees with
college degrees believe that their education helped get them through the door,
but about half say it has no relevance to the work they’re actually doing. The
survey also revealed just how little attention employers pay to an applicant’s
college performance, with 80% of respondents saying they had never been asked
about their grade point average during a job interview. That highlights how
much more important learning new skills, both within the company or through
continuing education, like certificate programs, online training or webinars,
is today than it was 10 or 20 years ago (Christie, 2014).”

Having an education is important but some belief it is not worth the
paper it is printed on. Statistical professionals failed to factor in these
aspects.