Assignment:
The purpose of this assignment is to develop students' abilities to combine the knowledge of descriptive statistics covered in Weeks 1 and 2 and one-sample hypothesis testing to make managerial decisions. In this assignment, students will develop the ability to use statistical analysis and verify whether or not a claim is valid before advertising it.
Assignment Steps
Resources: Microsoft Excel®, Spicy Wings Case Study, Spicy Wings Data Set
Develop a 700-word statistical analysis.
Use descriptive statistics to compute a measure of performance John can use to analyze his delivery performance. Find the following for your measures:
• Mean
• Standard deviation
• Sample size
• Five-number summary on the total time
Conduct a formal hypothesis testing to help John decide whether to offer the delivery guarantee or not.
Estimate the probability of an order taking longer than 30 minutes.
Make a recommendation in a short narrative including the following:
• Based on the sampled data, should John offer the guarantee?
• What percent of the Saturday deliveries would result in a customer receiving a free order?
• What recommendations might help John improve his Saturday delivery times?