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: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
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.