What is the probability of watercraft injuries

Assignment Help Operation Management

Reference no: EM132245095

Assignment : An Analysis of Florida Tourism

Learning Objectives:

1. Use excel to calculate descriptive statistics for a given data set and to interpret those statistics

2. Use Excel to create confidence intervals around random variables

3. Discuss probability for normal distributions

Directions:

Step 1: Familiarize yourself with the data

For this assignment, a dataset has been provided for students from the Bureau of Economic and Business Research.

Step 2: write a professional report/analyze data

1. A cover page containing:

1.1. The title "An Analysis of Florida Tourism"

1.2. Your full name(s)

1.3. The course information

2. For each variable in the data set:

2.1. Generate descriptive statistics using the data analysis toolpack

2.2. Generate a 95% confidence interval for each variable (year is the element, not a variable) and economically interpret these intervals. For those variables with fewer than 30 data points, assume the t-distribution. For greater than 30 data points, assume the z-distribution.

3. Tell an economic story about the variables included in this data set referencing the following questions. For these questions assume the standard normal distribution.

3.1. What is the probability of tourism being fewer than 60 million visitors?

3.2. What is the probability of rental vacancy being more than 10%?

3.3. What is the probability of watercraft injuries in Florida exceeding 200 incidents?

3.4. What is the probability that there will be more than 1 million crimes in Florida?

3.5. What is the probability that alcohol related crashes will remain below 20,000 incidents?

3.6. What is the probability of the Florida residents median age being over 40 years of age?

3.7. What is the probability of the Florida Sentiment index being between 95 and 100?

Attachment:- Tourism Data.rar

Reference no: EM132245095

Questions Cloud

Determining the required rate of return : Bond A has an 7% semi-annual coupon and Bond B has a 9% semi-annual coupon. Both mature in 10 years. The required rate of return is 8% annually, 4% semi-annuall

Establish a trust fund : You would like to establish a trust fund that will provide $100,000 a year forever for your heirs. The trust fund is going to be invested very conservatively

Discuss the critical issues such as organisational details : BSBFIM601 Manage Finance - Discuss the critical issues such as organisational details, business strategies, marketing strategies and analysis, operational plan

Synergistic benefits from the merger : Who, Inc., has offered $422 million cash for all of the common stock in Dunn IT Corporation. Based on recent market information, Dunn IT is worth $391 million

What is the probability of watercraft injuries : What is the probability of tourism being fewer than 60 million visitors? What is the probability of rental vacancy being more than 10%?

Patent on amazing breakthrough involving computers : John Poe works for a successful tech company – “REC TECH” which is on the verge of applying for a patent on an amazing breakthrough involving computers.

Controlled group and affiliated service group rules : All of the following statements concerning the controlled group and affiliated service group rules are correct EXCEPT:

How to search for jobs in individual business units : To help students learn how to search for jobs in individual business units of major entertainment conglomerates, and to locate entry level and internship.

Brand new position in the marketing department : Brand new position in the marketing department—social media marketing role.

User Account

All Pages