the workplace (or, if you have limited work experience, that you would find it valuable to solve in your home life), and then identify what you wish to study. You must apply the theories and concepts from the course to interpret and formulate your hypotheses. Be sure to identify why the answer/solution matters. Once you have your hypotheses, go through the scientific method and statistical process to sample and answer the question. Be sure that you justify the statistical test that you use and either reject or fail to reject the null hypothesis based on the data. Your conclusion should be entirely data driven, with the implications clear.
The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in Modules Three and Seven. The final submission will occur in Module Nine.
In this assignment, you will demonstrate your mastery of the following course outcomes:
· QSO.510.1 Provide students with a basic understanding of several quantitative techniques that are used extensively for decision making in business
· QSO.510.2 Enable students to recognize problem areas in their fields of professional responsibilities and to apply the appropriate quantitative methods for obtaining rational solutions
· QSO.510.3 Increase the student’s effectiveness in communicating with other specialists in the firm such as industrial engineers, production managers, operations researchers, statisticians, and other problem-solving and decision-making persons
· QSO.510.4 Enable students to use the power of the spreadsheets and statistical software in the application of the quantitative techniques
Statistics is the study that pertains to the collection, analysis, explanation or interpretation, and presentation of data. Interpretation of statistical information often involves the development of a null hypothesis—that whatever is proposed as a cause has no effect on the variable being measured.
Specifically, the following critical elements must be addressed:
Milestone One: Topic Selection
In task 3-2, you will submit a 2–3-page paper summarizing your topic selection. Why did you select this topic? What is the significance? Which statistical method(s) will be used? The feedback provided by the instructor should be applied to your final research paper. This milestone is graded with the Milestone One Rubric.
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