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Individual Assignment Signature Assignment

Individual Assignment Signature Assignment

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The purpose of this assignment is for students to synthesize the concepts learned throughout the course. Provide students an opportunity to build critical thinking skills, develop businesses and organizations, and solve problems that require data.

Resources Required

 

  • Microsoft Excel®
  • Signature Assignment Databases
  • Signature Assignment Options
  • Part 3: Inferential Statistics

 

Grading Guide

 

Content Met Partially Met Not Met Comments:
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?

·         Clearly and in sufficient detail, describe the population in the study.

·         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)

 

·         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?

 

Total Available Total Earned
13 #/13

 

 

Writing Guidelines Met Partially Met Not Met Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
Total Available Total Earned
3 #/3

 

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