qnt/275 Business Decision Making Project Part 2,
Purpose of Assignment
This assignment provides students with practice in understanding how to develop a hypothesis and interpret its findings. Students will learn to implement the use of these statistical measures for better business decision-making.
Assignment Steps
Resources:Â Week 4 Videos; Week 4 Readings; Statistics Lab
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.
Use the same business problem/opportunity and research variable you wrote about in Week 3.
Note: Do not actually collect any data; think hypothetically.
Develop a 1,050-word report in which you:
- Identify which types of descriptive statistics might be best for summarizing the data, if you were to collect a sample.
- Analyze which types of inferential statistics might be best for analyzing the data, if you were to collect a sample.
- Analyze the role probability or trend analysis might play in helping address the business problem.
- Analyze the role linear regression for trend analysis might play in helping address the business problem.
- Analyze the role a time series might play in helping address the business problem.
Format your assignment consistent with APA guidelines.
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Watch the instructional video by clicking on the Lynda.com® link.
Type the title "Statistics Foundations: 2" in the Search Bar to find the video.
Watch the following tutorials from Section 5:
- Type I and Type II Errors
Consider the following as you watch:
- Which is the most common error?
Watch the instructional video by clicking on the Lynda.com® link.
Type the title " Statistics Foundations: 2" in the Search Bar to find the video.
Watch the following tutorials from Section 5:
- How to Test a Hypothesis in Four Steps
Consider the following as you watch:
- List four steps to test a hypothesis.
- Identify how to state an alternative hypothesis.
- What are different types of errors are produced from hypothesis testing? Explain.
Answers
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Posted 15 Aug 2017 08:08 PM
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