Purpose of Assignment This assignment provides students with
practice in understanding how to develop a hypothesis and interpret
its findings. Students will learn to implement the use of these
statistical measures for better business decision-making.
Assignment Steps Resources: Week 4 Videos; Week 4 Readings;
Statistics Lab Tutorial help on Excel and Word functions can be
found on the Microsoft Office website. There are also additional
tutorials via the web offering support for Office products. Use the
same business problem/opportunity and research variable you wrote
about in Week 3. Note: Do not actually collect any data; think
hypothetically. Develop a 1050-word report in which you: Identify
which types of descriptive statistics might be best for summarizing
the data if you were to collect a sample. Analyze which types of
inferential statistics might be best for analyzing the data if you
were to collect a sample. Analyze the role probability or trend
analysis might play in helping address the business problem.
Analyze the role linear regression for trend analysis might play in
helping address the business problem. Analyze the role a time
series might play in helping address the business problem. Format
your assignment consistent with APA guidelines.
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