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QNT351 / QNT 351 / Week 2 Learning Team Assignment Data Collection & Calculation

QNT351 / QNT 351 / Week 2 Learning Team Assignment Data Collection & Calculation

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Discuss with your team and select one column of one of the data sets from Appendix A for this assignment. Develop a team business decision to be made using the data.

Resource: Basic Statistics for Business and Economics; Appendix A. Data sets available on your student website; the assignment is to have each team working a different data set. Team A is assigned Major League Baseball Data, Team B is assigned Real Estate Data, and Team C is assigned Wages and Earners Data. All teams shall use these same data sets for all team assignments in this class.

Prepare a 700- to 1,050-word written report to:

Present the chosen data column(s) and discuss overview, problem, purpose, research questions, and calculations.

Identify types of data—price, batting average, wages paid or another variable then identify the data type i.e. quantitative, quantitative, or both—and how the data will be utilized to answer a business problem and decision then using Excel present one statistical calculation that the team has decided to perform for one of the variables listed in your table such as mean, median, STDEV, etc.

Use the data for a specific team decision as discussed above.

Draw conclusions about how the data and calculation satisfied the business decision
Discuss with your team and select one column of one of the data sets from Appendix A for this assignment. Develop a team business decision to be made using the data.

Resource: Basic Statistics for Business and Economics; Appendix A. Data sets available on your student website; the assignment is to have each team working a different data set. Team A is assigned Major League Baseball Data, Team B is assigned Real Estate Data, and Team C is assigned Wages and Earners Data. All teams shall use these same data sets for all team assignments in this class.

Prepare a 700- to 1,050-word written report to:

Present the chosen data column(s) and discuss overview, problem, purpose, research questions, and calculations.

Identify types of data—price, batting average, wages paid or another variable then identify the data type i.e. quantitative, quantitative, or both—and how the data will be utilized to answer a business problem and decision then using Excel present one statistical calculation that the team has decided to perform for one of the variables listed in your table such as mean, median, STDEV, etc.

Use the data for a specific team decision as discussed above.

Draw conclusions about how the data and calculation satisfied the business decision

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03/09/2014

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