Question: Project General Description This project requires students to apply Statistics techniques learned in class to a business problem. Guidelines for Project Report The report should
Project General Description This project requires students to apply Statistics techniques learned in class to a business problem. Guidelines for Project Report The report should include the following items: 1. (40% points) The objectives of the project and the solution techniques employed. Explain why your project makes businesses better. 2. (50% points) a. Background information about the data, including related organization/industry information. b. Data description. c. Interpretation of the results. 3. (10%) Managerial and other practical implications and insights of your project. You are required to submit the data for the project as supplemental materials, including the data source. The report (in Microsoft Word) should be between 1 and 8 pages, 1.5 line spacing, and the page count is for this report file only. Please put all Tables/Charts/Pictures in a separated appendix file.
one example to show how to apply statistical techniques. If we have a list of days of job completion, for example 2, 10, 5, 11, 12, 50 days. We can construct a Box-Whisker and discuss if there are outliers. We can then investigate outliers to adjust our business operations, therefore we can get more profits or reduce costs. You can use multiple statistical techniques.
Your project should analyze only one business/entity.
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