Quantitative Methods Assessment - Business Report
Learning Outcomes -
1. Understand ethics and ethical behaviour in undertaking a statistical study.
2. Interpret data by using descriptive statistics.
3. Explain probability, probability distributions and their applications in decision making.
4. Explain the concepts of statistical inference and its application.
5. Interpret results and make decisions through the use of appropriate statistical techniques.
Assessment Task: Business reports are practical learning tasks where students apply the theories they have been studying to real world situations. The students are required to select a topic, collect information (Primary and/or secondary) and prepare a report describing a business problem or incident. This report should consist of (not inclusive) Abstract, Introduction, Objectives, Methodologies, Information Analysis, Findings, Recommendations, References, and Appendices.
ASSESSMENT DESCRIPTION: This is an ongoing group assignment that students need to carry out between week 4 - 11. Students will be formed as groups (3-4 students) by the lecturer between week 3 and 4. Students MUST enroll into a group within this time frame in order to participate in this assignment task. Group vacancies will NOT be guaranteed for late comers.
Students need to write a business report by doing a mini survey on a good statistical question from an approachable population. Group members need to follow the steps given bellow.
- Get the approval for the survey title and the population from your lecturer
- Prepare a survey questionnaire under the supervision of your lecturer with 10 questions (need to include both qualitative and quantitative questions)
- Collect data from a randomly selected sample of 20 respondents (sample size = 20) from the proposed population and transfer them into an excel sheet
- Finally, the data set must be summarised, analysed and reported according to the format given below
Reporting Format -
1. Title page
Design a title page with an appropriate name for your business report, student name and student ID
2. Executive summary
Here you need to summarise the whole report findings into a smaller paragraph (need to do at the end)
3. Table of contents
Table of contents needs to be generated electronically in Microsoft Word.
4. Introduction
Give a brief introduction about your population and aims and objectives of the report.
5. Method of data collection
Briefly describe about your questions, nature of your variables, who are your respondents, sampling strategy and how did you collect data. Include your data set in a form of table with this section or as an appendix.
6. Summary of the data set
Give appropriate graphical and numerical summaries that describe your variables (Microsoft Excel can be used for this task). Also provide a brief discussion under each of your data summaries based on your judgments and compare your results with similar studies.
7. Descriptive data analysis
Select any three numerical variables from your data set and prepare a summary of descriptive statistics using Microsoft Excel for each of them. Interpret your key findings (mean, variance and standards deviation etc) and provide justifications with a brief discussion supported by appropriate references.
8. Interval estimation
Calculate the following parameters for each of the three numerical variables you selected in section 7.
- The margin of error at a 95% confidence level
- Construct a 95% confidence interval for your population mean
- Interpret your findings and provide justifications with a brief discussion supported by appropriate references.
9. Conclusion and recommendations
Provide a brief overview of your collective findings and previous discussions in the report. Finally, provide several recommendations by connecting to your aims, objectives and overall findings.
10. List of references
Minimum five references are required for this assignment task.
Attachment:- Assignment Files.rar