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: 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.
Usethe 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.
ScholarMatic: Explanation & Answer
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