Purpose of Assignment The purpose of this assignment is for
students to synthesize the concepts learned throughout the course.
This assignment will provide students an opportunity to build
critical thinking skills, develop businesses and organizations, and
solve problems requiring data by compiling all pertinent
information into one report. Assignment Steps Resources: Microsoft
Excel®, Signature Assignment Databases, Signature Assignment
Options, Part 3: Inferential Statistics Scenario: Upon successful
completion of the MBA program, say you work in the analytics
department for a consulting company. Your assignment is to analyze
one of the following databases: Manufacturing Hospital Consumer
Food Financial Select one of the databases based on the information
in the Signature Assignment Options. Provide a 1,600-word detailed,
statistical report including the following: Explain the context of
the case Provide a research foundation for the topic Present graphs
Explain outliers Prepare calculations Conduct hypotheses tests
Discuss inferences you have made from the results This assignment
is broken down into four parts: Part 1 - Preliminary Analysis Part
2 - Examination of Descriptive Statistics Part 3 - Examination of
Inferential Statistics Part 4 - Conclusion/Recommendations Part 1 -
Preliminary Analysis (3-4 paragraphs) Generally, as a statistics
consultant, you will be given a problem and data. At times, you may
have to gather additional data. For this assignment, assume all the
data is already gathered for you. State the objective: What are the
questions you are trying to address? Describe the population in the
study clearly and in sufficient detail: What is the sample? Discuss
the types of data and variables: Are the data quantitative or
qualitative? What are levels of measurement for the data? Part 2 -
Descriptive Statistics (3-4 paragraphs) Examine the given data.
Present the descriptive statistics (mean, median, mode, range,
standard deviation, variance, CV, and five-number summary).
Identify any outliers in the data. Present any graphs or charts you
think are appropriate for the data. Note: Ideally, we want to
assess the conditions of normality too. However, for the purpose of
this exercise, assume data is drawn from normal populations. Part 3
- Inferential Statistics (2-3 paragraphs) Use the Part 3:
Inferential Statistics document. Create (formulate) hypotheses Run
formal hypothesis tests Make decisions. Your decisions should be
stated in non-technical terms. Hint: A final conclusion saying
"reject the null hypothesis" by itself without explanation is
basically worthless to those who hired you. Similarly, stating the
conclusion is false or rejected is not sufficient. Part 4 -
Conclusion and Recommendations (1-2 paragraphs) Include the
following: What are your conclusions? What do you infer from the
statistical analysis? State the interpretations in non-technical
terms. What information might lead to a different conclusion? Are
there any variables missing? What additional information would be
valuable to help draw a more certain conclusion? Format your
assignment consistent with APA format. Must pass plagiarism
checker.
Field of study:
