This assignment provides students with practice in understanding how to develop a hypothesis and interpret its findings. Students will learn to implement the use of these statistical measures for better business decision-making. Identify which types of descriptive statistics might be best for summarizing the data, if you were to collect a sample.
Analyze which types of inferential statistics might be best for analyzing the data, if you were to collect a sample.
Analyze the role probability or trend analysis might play in helping address the business problem.
Analyze the role linear regression for trend analysis might play in helping address the business problem.
Analyze the role a time series might play in helping address the business problem.
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