Business Decision Making Project Part 1

Business Decision Making Project Part 1
Instructions Assignment Files Grading
Purpose of Assignment Materials
Business Decision Making Project Part 1
The purpose of this a35ignment IS to prowde students the Grading Guide
opportunity to demonstrate mastery of their ability to apply Introductory Statistics. Ch. 6
statistical concepts to business situations to inform data-driven
decision-making. The project is a 3-week project, with part 1 in mtmducmry Stat’St’Cs’ Ch’ 7
Week 3, part 2 in Week 4, and part 3 in Week 5. In Week 3, Wroductory StatistiCS- Ch- 12
students identify the organization, problem, research variable, Standard Error (for Proportions)
methods for collecting data, and show mastery of validity and The Centre, LimitTheorem
reliability as applied to data-collection methods.
What Is a Confidence Interval?
Resources: Week 3 Videos; Week 3 Readings; Statistic Lab Central LimitTheorem
Tutorial help on Excel® and Word functions can be found on week 3 C°”ab°ra“ve DISCUSS“
the Microsoft® Office website. There are also additional Stat’St’Cs Lab
tutorials via the web offering support for Office products.
Assignment Steps
Identify a business problem or opportunity at a company
where you work or with which you are familiar. This will be a
business problem you use for the individual assignments in
Weeks 3-5. It should be a problem/opportunity for which
gathering and analyzing some type of data would help you
understand the problem/opportunity better.
Identify a research variable within the problem/opportunity that
could be measured with some type of data collection.
Consider methods for collecting a suitable sample of either
qualitative or quantitative data for the variable.
Consider how you will know if the data collection method
would be valid and reliable.
Develop a 1,050-word analysis to describe a company,
problem, and variable including the following in your
submission:
0 Identify the name and description of the selected company.
0 Describe the problem at that company.
0 Identify one research variable from that problem. Describe
the methods you would use for collecting a suitable sample
of either qualitative or quantitative data for the variable
(Note: do not actually collect any data).
0 Analyze how you will know if the data collection method
would generate valid and reliable data (Note: do not
actually collect any data).
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.