STATISTICS FOR DECISION MAKING PRESENTATION OF ASSIGNMENT
1. The answer to your assignment should be in the form of a business report.
2. Marks awarded will be based on presentation as well as the analysis.
3. The report will provide you with an opportunity to demonstrate proficiency in integrating statistical software SPSS, Mintab, KaddStat, Excel/PhStat with a word processor, Word. Note that you can easily import Minitab, KaddStat, SPSS, Excel/PhStat output to Word.
4. Your report must include:
a) An Executive Summary (100 to 150 words). In this section you summarize the main conclusions of the report in business language. It should also describe the primary purpose of the study, the general methodology used, the significant findings of each section, as well as key general conclusions and recommendations.
b) A Table of Contents with page numbers
c) Business Problem as given in the question in business language.
d) Statistical problem using the language of statistics (i.e. methods you have used to do your analysis).
e) Analysis: This section should present the formulas and discuss the results from all the analyses conducted. Outline required steps and show necessary computer output. Clearly label tables and graphs.
f) General Conclusion: This section should briefly review the study, summarize the inference(s) stemming from it, and highlight the evidence supporting each inference. Where appropriate, indicate the limitations of the results. The conclusions should be written in business language and in terms of the variables under discussion.
g) Implications: bearing in mind why the study was undertaken, briefly describe the implications and consequences of the conclusions drawn. You should include your recommendations for action (based on what you have found in your study).
5. Write clearly and precisely. A precise report is a clear report, one that is composed of unambiguous statements. The word limit is 3000 words (excluding references).
The business report is based on the following case study.
A major Australian housing construction firm is planning its next major housing development in coastal New South Wales. Before committing to any new major developments the firm needs a thorough market analysis of different types of housing in target areas. ou have been contracted as a consultant to prepare a report analysing house and unit prices in Sydney, Wollongong and Newcastle.
The following data has been collected in Housing.xls:
Price - $
Type - house or unit
Region - Sydney, Wollongong, or Newcastle
Ocean View - yes or no
Your report should contain the following analyses:
1. Present appropriate descriptive statistics of your disaggregated data.
The following questions require the use of inferential statistical techniques:
2. Is there evidence to suggest house prices exceed unit prices?
3. Is there evidence to suggest houses with an ocean view display higher prices?
4. Is there evidence of a difference in house prices between Sydney, Wollongong and Newcastle?
5. Within Wollongong, do units with an ocean view display higher prices?
Attachment:- Data File.rar