# You may use either PowerPoint or Word as your submittal document.  Excel results should be cut and pasted in either.

You may use either PowerPoint or Word as your submittal document.  Excel results should be cut and pasted in either.

STATISTICS FOR BUSINESS – MNS 601

Special Project

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. Independent variable:

a)    What is the variable:

b)    How it is measured, i.e. what units or categories are used (e.g., revenue measured in dollars; height measured as short, average, tall)

c)     Level of measurement (nominal, ordinal, interval, or ratio):

1. Dependent variable:

a)    What is the variable:

b)    How it is measured, i.e. what units or categories are used (e.g., revenue measured in dollars; height measured as short, average, tall)

c)     Level of measurement (nominal, ordinal, interval, or ratio):

1. 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 covered in the course:
2. Describe the statistical rationale/justification for choosing this procedure/formula
3. Describe how the data are collected by the business/organization
4. Describe how the data are analyzed (i.e., identify the steps in the statistical procedure)

Part D:  Decision/Interpretation

Explain the type of business decision that the company/organization would make as a result of this statistical analysis.

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