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Explain the central limit theorem. Describe hypothesis testing and explain how to develop null and alternative hypotheses.
Identify the null and alternative hypothesis for the statistical test. Identify the Independent and Dependent variables, as appropriate.
Identify critical values for the test statistics and state the decision rule concerning when to reject or fail to reject the null hypothesis of no relationship.
What do the results tell us about your hypotheses? What conclusions can we draw from these results? What conclusions can we NOT make using these results?
Explain what it means to say, variables must vary. Compare and contrast the characteristics of continuous and discrete variables.
Calculate the mean, standard deviation, skew, 5-number summary, and interquartile range (IQR) for each of the variables.
From the case study, determine the challenges faced by the Help Desk at Bank USA and suggest strategies to mitigate them.
Discuss the nature of the current database. What variables were analyzed? Summarize your descriptive statistics findings from Excel.
What are some potential reasons to explain the changes in Hertz's depreciation of its revenue-earning equipment?
Find the probability that the customer consumes less than 2546 calories. What proportion of the customers consume over 3082 calories?
Use Excel's Analysis ToolPak to conduct a regression analysis of Age and Assessment Value. Is Age a significant predictor of AssessmentValue?
Obtain the descriptive statistics (quartiles) and the average diversity index for CA and for IL. Where are the counties with the largest mixed population?
You would like to be 98% confident that you estimate is within 1% of the true population proportion. How large of a sample size is required?
Is Ascension Health growing? How do you know? What line items reflected the largest-percentage increases and/or decreases?
What is the value to knowing there is a correlation between the variables? For example, what businesses might flourish in a wealthy area?
Determine the average time with the motor-dexterity test, along with the standard deviation. Obtain the results and decide if the hypotheses are supported.
Describe your go-to meal from any restaurant that you regularly go to. Include the name of the restaurant in your description.
Select a company that you believe has an ethical culture. Explain why you selected that company. Also give some examples.
How might the agency have avoided this emergency situation? How might the funding source have helped avoid the situation?
Create a box-plot for the Annual Sales variable. Does it look symmetric? Would you prefer IQR instead of standard deviation to describe variable' dispersion?
Identify the significance level used in each study. Identify whether or not the authors found support for their hypotheses.
Evaluate the control chart and process metrics using Statistical Process Control method. Evaluate whether the process could benefit from use of Six Sigma tools.
What does inclusion mean to you and why is it important? What does it mean to feel a sense of belonging and why is it important?
What recommendations does your ANOVA results support? Use findings from your managerial report to support your recommendations.