Mathematics
QNT275 Phoenix W3 Columbus Chemical Industries Problem Identification Paper

QNT275

University of Phoenix

### Question Description

Watch the instructional video by clicking on the Lynda.com® link.

Type the title "Statistics Foundations: 2" in the Search Bar to find the video.

Watch the following tutorials from Section 3:

• Standard Error (for Proportions)

Consider the following as you watch:

• What is the impact of the sample size?
• Understand a standard error is a measure of variability.

Purpose of Assignment

The purpose of this assignment is to provide students the opportunity to demonstrate mastery of their ability to apply statistical concepts to business situations to inform data-driven decision-making. The project is a 3-week project, with part 1 in Week 3, part 2 in Week 4, and part 3 in Week 5. In Week 3, students identify the organization, problem, research variable, methods for collecting data, and show mastery of validity and reliability as applied to data-collection methods.

Resources: Week 3 Videos; Week 3 Readings; Statistic Lab

Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products.

Assignment Steps

Identify a business problem or opportunity at a company where you work or with which you are familiar. This will be a business problem you use for the individual assignments in Weeks 3-5. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the problem/opportunity better.

Identify a research variable within the problem/opportunity that could be measured with some type of data collection.

Consider methods for collecting a suitable sample of either qualitative or quantitative data for the variable.

Consider how you will know if the data collection method would be valid and reliable.

Develop a 1,050-word analysis to describe a company, problem, and variable including the following in your submission:

• Identify the name and description of the selected company.
• Describe the problem at that company.
• Identify one research variable from that problem. Describe the methods you would use for collecting a suitable sample of either qualitative or quantitative data for the variable (Note: do not actually collect any data).
• Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data).

Format your assignment consistent with APA guidelines.

They also recommend these videos from Lynda.com

Watch the instructional video by clicking on the Lynda.com® link.

Type the title "Statistics Foundations: 2" in the Search Bar to find the video.

Watch the following tutorials from Section 3:

• Standard Error (for Proportions)

Consider the following as you watch:

• What is the impact of the sample size?
• Understand a standard error is a measure of variability.

Watch the instructional video by clicking on the Lynda.com® link.

Type the title "Statistics Foundations: 2" in the Search Bar to find the video.

Watch the following tutorials from Section 3:

• The Central Limit Theorem

Consider the following as you watch:

• What are characteristics of a normal distribution?
• Describe are data distributed in large and small samples.

Watch the instructional video by clicking on the Lynda.com® link.

Type the title "Statistics Foundations: 2" in the Search Bar to find the video.

Watch the following tutorials from Section 4:

• What Is a Confidence Interval?

Consider the following as you watch:

• How do you calculate the mean and error of a sampling distribution

Watch the instructional video by clicking on the Lynda.com® link.

Type the title "Statistics with Excel Part One" in the Search Bar to find the video.

Watch the following tutorials from Section 8:

• Central Limit Theorem

Consider the following as you watch:

• Describe in what way probabilities help estimate parameters to test a hypothesWatch the instructional video by clicking on the Lynda.com® link. Type the title "Statistics with Excel Part One" in the Search Bar to find the video. Watch the following tutorials from Section 8:
• Central Limit Theorem
Consider the following as you watch:
• Describe in what way probabilities help estimate parameters to test a hypothesis

### Unformatted Attachment Preview

Business Decision Making Project Part 1 Grading Guide QNT/275 Version 6 Statistics for Decision-Making Copyright Copyright © 2017, 2016 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Business Decision Making Project Part 1 Grading Guide QNT/275 Version 6 Individual Assignment: Business Decision Making Project Part 1 Purpose of Assignment The purpose of this assignment is to provide students the opportunity to demonstrate mastery of their ability to apply statistical concepts to business situations to inform data-driven decision-making. The project is a 3-week project, with part 1 in Week 3, part 2 in Week 4, and part 3 in Week 5. In Week 3, students identify the organization, problem, research variable, methods for collecting data, and show mastery of validity and reliability as applied to data-collection methods. Resources Required Week 3 videos; Week 3 readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Grading Guide Content Met Partially Met Not Met Total Available Total Earned 4 #/4 Identified the name and description of the selected company. Described the problem at that company. Identified one research variable from that problem. Described the methods used for collecting a suitable sample of either qualitative or quantitative data for the variable. Analyzed how the data collection method would generate valid and reliable data. Paper is 1,050 words in length. Comments: 2 Business Decision Making Project Part 1 Grading Guide QNT/275 Version 6 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 1 #1 5 #5 Organization The tone is appropriate to the content and assignment. The introduction provides a sufficient background on the topic and previews major points. Paragraph transitions are present, logical, and maintain the flow throughout the paper. The conclusion is logical, flows from the body of the paper, and reviews the major points. Mechanics The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3 ...
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## Final Answer

Attached.

Running Head: DECISION-MAKING PROJECT PART 1: PROBLEM IDENTIFICATION

DECISION-MAKING PROJECT PART 1: PROBLEM IDENTIFICATION
Student’s Name
Professor’s Name
Course title
Date

1

DECISION-MAKING PART 1: PROBLEM IDENTIFICATION

2

DECISION-MAKING PROJECT PART 1: PROBLEM IDENTIFICATION
Columbus Chemical Industries, Inc.
Columbus Chemical Industries, Inc. is a chemical manufacturing company that was
founded in 1978 and is headquartered in Columbus, Wisconsin. The company specializes in the
manufacture and supply of fine and high purity chemicals such as solvents, bases, nitric acids
and salts for diverse industries such as energy, semiconductor, biotech, medical device and
industrial manufacturing. The company’s main goal is to deliver the needed solutions through
chemistry and offering quality products to meet the specific needs of customers (Columbus
Chemical Industries, 2017).
Description of the problem
The main problem facing the company is high operational costs that are greatly impairing
the operational efficiency of the company and reducing its profitability at the same time. With
increased demand for chemical products, Columbus Chemical Industries Inc. is faced with the
necessity of increasing its production volumes. However, customers have high expectations with
regards to product quality, price, and availability and this means the company has to invest a lot
of funds in its operational processes to bring out the desired results. Columbus Chemical has to
come up with innovative manufacturing, process designs, and chemical formulas ...

Missfomen (3153)
University of Maryland
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