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You will demonstrate your mastery of the following course outcomes:
Specifically, the following critical elements must be addressed:
Milestone One: Topic Selection
a 2-3-page paper summarizing your topic selection. Articulate your topic and then answer the following questions: Why did you select this topic? What is the significance? Which statistical methods will be used?
Milestone Two: Collection of Data & Data Analysis Plan
In a well-organized Excel spreadsheet, you will present the raw data collected for your research paper. You must fully support the tools chosen and the analysis that goes along with it. Along with the spreadsheet, you will include a one-page introduction that details what is being presented.
You take a random sample of size 100 from a normal population with unknown mean but known standard deviation 40. You plan to test H(null): mu=85 versus H(alternative): mu > 85. Your procedure will be to observe the sample then reject H(null) is xbar>..
a.) What is the standard error of the mean? (round to two decimal places as needed)b.) How would the standard error change if the sample size was 5 instead of 20 with the same sample standard deviation? Select the correct choice below and fill in any..
A time series with forecast values and error terms
2. At a school pep rally, a group of sophomore students organized a free raffle for prizes. They claim that they put the names of all of the students in the school in the basket and that they randomly drew 36 names out of this basket. Of the pr..
5. A laboratory weights filters from a coal mine to measure the amount of dust in the mine atmosphere. Repeated measurements of the weight of dust on the same filter has a standard deviation of σ = 0.08 milligram (mg) and mean 123 mg.
Virgil is evaluating an investment that has a 15% chance of losing $10,000, a 50% chance of breaking even, a 30% of making $80,000 and a 5% chance of making $400,000. Evaluate the expected outcome of this investment
Identify a cost reduction or performance improvement opportunity in a real business (large or small) or in any organization to apply one of the techniques discussed in the course. Collect real data and be ready to defend your assumptions ab..
question 1- search the internet and the articles database in the library for a real-life example of correlation. for a
Variation exists in virtually all parts of our lives. We often see variation in results in what we spend (utility costs each month, food costs, business supplies, etc.). Consider the measures and data you use (in either your personal or job activitie..
How would you define the Wilcoxon Signed Rank Test?
How would you define research? What is the purpose of business research? How has the Internet changed the quality and quantity of research?
Develop a Pareto chart to identify the more significant types of rejection.
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