Part A: Description of Business Context
Write a brief summary of the business context (e.g., manufacturing, marketing, finance, etc.) including the name of the company or organization.
Part B: Problem/Issue
State the business problem/issue to be addressed using statistics and why this problem/issue is important to the company/organization.
Part C: Statistical Procedure
Explain the statistical procedure (NOTE: Focus on ONE statistical procedure only)
1. Identify the variables:
a) Independent variable:
b) Dependent variable:
2. Name of the procedure/formula (e.g., ANOVA, Chi-Square, Hypothesis Test using z formula, Regression Analysis, etc.). NOTE: The procedure/ formula must be one that was in covered in the course:
3. Describe the statistical rationale/justification for choosing this procedure/formula:
4. Describe how the data are collected by the business/organization:
5. Describe how the data are analyzed (i.e., how the statistical procedure is performed):
Part D: Decision/Interpretation
Explain the type of business decision that the company/organization would make as a result of this statistical analysis.