Question: Hi, Have an assignment here I need some help on. I will attach the directions from the teacher with examples of what he is expecting
Hi,
Have an assignment here I need some help on. I will attach the directions from the teacher with examples of what he is expecting and also my paper from last week to help with any question and to use the data from it.He did make a comment in my last weeks paper on what he wants hypothesis teston.. it's labeled in red and blue. Then I attached the excel datafor you to use too for this week's assignment.
Here's the assignment:
Using the research question and the two variables that your learning team developed for the Week 2 Business Research Project Part 1 assignment, write a paper and create a spreadsheet that includes the following:
- State the research question: (will adding a $0.50 discount for selecting the On my way option over other options increase customers to choose this option over the rest?)
- State the variables of interest that will be measured or analyzed in the study.
- Include the (mock) data as an Appendix or in the spreadsheet.
- Select a hypothesis test (test of means, test of proportions, Chi Squared test, etc) that can be used to test the research question.
- Conduct the hypothesis test on the data in Excel. Summarize the results of the test in the paper.
- Use the level of significance that you think is appropriate for the task ( = 0.05 or 0 01 are commonly used).
Format your paper consistent with APA guidelines. The paper should be no more than 350 words.
Submit both the spreadsheet and the paper.
Click the Assignment Files tab to submit your assignment.

Descriptive statistics count mean sample standard deviation sample variance minimum maximum range confidence interval 95.% lower confidence interval 95.% upper half-width 1st quartile median 3rd quartile interquartile range mode low extremes low outliers high outliers high extremes normal curve GOF p-value chi-square(df=5) E O(-1.15) O(-0.67) O(-0.32) O(+0.00) O(+0.32) O(+0.67) O(+1.15) O(inf.) Shipping cost 100 7.219722 4.033498 16.269108 0.1536 14.8415 14.6879 6.419388 8.020056 0.800334 3.739825 6.888550 10.409975 6.670150 #N/A 0 0 0 0 .1173 8.80 12.50 15 17 10 9 6 12 17 14 Frequency Distribution - Quantitative Shipping cost lower 0.000 2.000 4.000 6.000 8.000 10.000 12.000 14.000 upper $ 300,000 Choose a level of significance: = 0.05 Test Statistic : 302,435300,000 =1.817 23,210 300 For a one tailed test of hypothesis, the critical value for the normal distribution with = 0.05 is z = 1.645. Since the test statistic is greater than the critical value, it falls in the rejection region. Therefore we say that the sample contains sufficient evidence to conclude that the mean health care cost for the entire population is greater than $300,000. Any questions? TEAM 2 Organization: Wally's Discount SuperMart Research Question: Again, several suggestions were made by the team. They all deal with the average customer wait time and the number of lanes that are open for business. For example: Is there a correlation between the average wait time at registers and the number of lanes in operation? I believe there is an obvious answer to this question, but it is still worthwhile from a statistics viewpoint to complete the analysis. Clearly if there is a line in a store and then another lane opens, the total wait time will decrease. Population and Sample: The population here is all customers of Wally's and a sample must be taken so that measurements are made at various stores and at various times of the day/week/month/ or year. Depending on how the questions is specifically framed, the population and sample may be a collection of cash register lanes. Summary of Variables: The number of lanes open for business is a quantitative variable at the ratio level. The wait time per customer is also a quantitative variable at the ratio level. Hypothesis Test: Correlation by itself is not a test of hypothesis. It is a descriptive statistic based on the sample of data that makes up the scatter plot. However, we can test if the correlation coefficient is sufficiently different from 0. https://onlinecourses.science.psu.edu/stat501ode/33 http://www.danielsoper.com/statcalc3/calc.aspx?id=61 http://www.public.iastate.edu/~alicia/stat328/Regression%20inference-part2.pdf (See page 1012!) I will start this by entering the data in Excel and calculating the correlation. Construct a scatter plot and add a trendline. So if we round r to -0.8, the test statistic is t= 0.8 302 =7.06 10.64 The p-value is found with Excel by =T.DIST.2T(7.06, 28) which is extremely small. The null hypothesis would be rejected for any reasonable level of significance. Thus, there is a correlation between these variables. TEAM 3 Organization: CellTel, a wireless service provider Research Question: Again, several suggestions were made by the team. They all deal with the dilemma of a high customer churn rate, or the percentage of subscribers to a service that discontinue their subscription to that service in a given time period. In order for a company to expand its clientele, its growth rate must exceed its churn rate. For the purposes of this example, let me choose the research question: Does the plan type effect the frequency of people who discontinue service? Population and Sample: The population here is all customers of CellTel. A sample should be taken so that customers of each plan type being investigated is included in the sample. A stratified random sample is likely best. For the sake of arguments, :B, and Plan C. Summary of Variables: The plan type is one categorical variable. Most likely it is nominal, though you could frame it as ordinal if the plans were ordered by something like cost or data/minute/text allowance. The other variable of interest is another qualitative variable called \"Renew.\" We can count the frequency of the customers who choose to renew or discontinue service. Hypothesis Test: The data suggests that a Chi-Squared test should be used. The data (made up for this purpose) can be summarized in a contingency table like: Renew Cancel Plan A 100 50 Plan B 105 45 Plan C 60 90 H0: The observed frequencies are all equal (statistically equal to level of significance). Ha: At least one of the frequencies is different. Alpha has not been specified but 0.05 and 0.01 are common values. The user can set the level. It you want to require more evidence to reject the null hypothesis, choose a smaller alpha value. The CHISQ.TEST function in Excel returns the p-value for the test. If the p-value is less than alpha, then the null hypothesis is rejected. Here, 5.19689E-05 is scientific notation for 0.0000519689. So the p-value is very small. We can reject the null hypothesis and conclude that the observed frequency of cancelation for one of the plans is significantly different. While this test doesn't tell us which plan is different, it is safe to assume that Plan C cancelations are significantly higher than the other. So, perhaps CellTel needs to change the services or price for Plan C to retain more customers. Questions
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
