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Business Statistics

2 min read
Posted on 
March 30th, 2022
Home Uncategorized Business Statistics

This project provides you with an opportunity to pull together much of the statistics of this course and apply it to a topic of interest to you. You must gather your own data by observational study, controlled experiment, or survey. Data will need to be such that analysis can be done using the tools of this course. You will take the first steps towards applying Statistics to real-life situations. Consider subjects you are interested in or topics that you are curious about.

You are going to want to select a data set related to sports, real-estate, and/or crime statistics. Consider subjects you are interested in or topics that you are curious about. If you would like to choose your own topic, such as the field-specific examples below, please be sure to approve your topic with your instructor PRIOR to collecting data.

Field-specific examples: Business

For this project, you will need to outline the following details:

Sampling: A careful description of how the sample was obtained. Be very specific! Include sample sizes, the population of interest, and a description of the sample. Also, include a copy of the survey if you used one.
Select a topic with a numeric variable (these are numbers that can be meaningfully used to create summary statistics). You are encouraged to look at sports data, real estate data, and criminal statistic data.
Find ACTUAL data (see links below to help you look). Include your formal references in APA format to the data you have decided to use.
Ensure that you have a sample size of 20 (MINIMUM) as 30 would be preferred. It can be larger and that’s great, but 20 is the minimum.
Descriptive Statistics: Any descriptive statistics relevant to your project should be included.
You are required to give the mean, mode, median, and standard deviation of your data set. You may include other calculations if they support your work.
At least two graphs (such as box plots, scatter plots, stem-and-leaf, histograms, etc.) should be part of your project. The graphs can be a way to summarize descriptive statistics.
Hypothesis:
From your data, what do you expect to see/happen?
What are you hoping to learn?
Working references in APA format.

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