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):   

2. 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):  

3. 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:  
4. Describe the statistical rationale/justification for choosing this procedure/formula: 
5. Describe how the data are collected by the business/organization: 
6. 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.