Milestone Assignment
The project for this course is the creation of a statistical analysis report. Each day, management professionals are faced with multiple decisions affecting various aspects of the operation. The ability to use data to drive decisions is an essential skill that is useful in any facet of an operation. The dynamic environment offers daily challenges that require the talents of the operations manager; working in this field is exciting and rewarding.
In Module Seven, you will submit your selection of statistical tools and data analysis, which are critical elements I and II of your final project. You will submit a 3- to 4-page paper and a spreadsheet that provides justification for the appropriate statistical tools needed to analyze the company's data.
Specifically, the following critical elements must be addressed:
I. Identify statistical methods to collect data:
A. Identify the appropriate statistical methods that you will use to perform your analysis. What are your statistical assumptions concerning the data that led you to selecting the methods? In other words, why did you select this method for statistical analysis?
B. Justify why you chose these methods to analyze the data. Be sure to include how these methods will help predict the use of the data in driving decisions using cited evidence.
II. Data-Driven Decisions to determine the appropriate decision for the identified problem:
A. Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.
B. Explain how data mining is used to develop a solution to the case. In your response, consider the concepts of metadata.
C. Explain if the problem is a structured or unstructured problem.
D. Assess how the variables have potential for answering the problem.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.