Purpose of Assignment
This assignment provides students with practice in understanding when or why ANOVA and linear regression are identified based on parameters. Students will learn to implement these statistical measures for better business decision-making.
Resources: Week 5 Videos; Week 5 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.
Prepare an 11- to 15-slide Microsoft® PowerPoint® presentation for the senior management team based on the business problem or opportunity you described in Weeks 3-4.
Include on the slides what you would want the audience to see (include appropriate visual aids/layout) and include in the speaker’s notes section what you would say as you present each slide. If any source material is quoted or paraphrased in the presentation, use APA citations and references.
Draw on material you developed in the Week’s 3 and 4 assignments.
Include the following in your presentation:
Describe the organization, with a brief description
Explain the business problem or opportunity
Describe the hypothesis
Analyze why the business problem is important
Identify what variable would be best to measure for this problem and explain why
Identify statistical methods used to analyze data
Apply data analysis techniques to this problem (tell which techniques should be used: descriptive statistics, inferential stats, probability) and explain why
Apply a possible solution to the problem/opportunity, with rationale
Evaluate how data could be used to measure the implementation of such a solution
Reference slide (if any source material is quoted or paraphrased throughout the presentation)