QSO500 Southern New Hampshire Statistical Methods and Data Mining Paper

User Generated

WnprWnpr

Mathematics

QSO500

Southern New Hampshire University

Description

The final project for this course is the creation of a statistical analysis report. Each day, management professionals are faced with multiple decisions affecting various aspects of the operation. The ability to use data to drive decisions is an essential skill that is useful in any facet of an operation. The dynamic environment offers daily challenges that require the talents of the operations manager; working in this field is exciting and rewarding.

In Module Seven, you will submit your selection of statistical tools and data analysis, which are critical elements III and IV of your final project. You will submit a 3- to 4-page paper and a spreadsheet that provides justification for the appropriate statistical tools needed to analyze the company’s data.

Specifically, the following critical elements must be addressed:

  • Identifystatistical methods to collect data:
    • Identify the appropriate statistical methods that you will use to perform your analysis. What are your statistical assumptions concerning the
    • Justify why you chose these methods to analyze the data. Be sure to include how these methods will help predict the use of the data in driving
  • Data-Driven Decisions to determine the appropriate decision for the identified problem:
    • Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.
    • Explain how data mining is used to develop a solution to the case. In your response, consider the concepts of metadata.
    • Explain if the problem is a structured or unstructured problem.
    • Assess how the variables have potential for answering the problem.

data that led you to selecting the methods? In other words, why did you select this method for statistical analysis?

decisions using cited evidence.

Guidelines for Submission: Your paper must be submitted as a 3- to 4-page Microsoft Word document and attached spreadsheet with double spacing, 12-point Times New Roman font, one-inch margins, and at least six sources cited in APA format.

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Kindly add me time on this.
I have included questions for easy identification of all parts.

Running head: STATISTICAL METHODS AND DATA MINING

Statistical Methods and Data Mining
Name
Course Number
State, University
Instructor
Date

STATISTICAL METHODS AND DATA MINING
2

Identify the appropriate statistical methods that you will use to perform your analysis.
What are your statistical assumptions concerning the
The analysis of this particular data will be achieved through the utilization of various
statistical methods. Ideally, these statistical approaches include the Chi-square test, the one-way
ANOVA test, the t-test, and the Fisher’s exact test. The deployment regarding these statistical
methods is pegged on an array of statistical assumptions. One assumption made in this scenario
is that data is distributed normally with a standard deviation of one and a mean of zero. Also, it is
presumed that there is a homogeneity concerning variances. The test regarding the homogeneity
of variances will be achieved through the utilization concerning the Levene’s test. On the same
note, it is assumed that data exhibits a linear association. This is typically linearity, and it implies...


Anonymous
Goes above and beyond expectations!

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags