MNS 601: STATISTICS FOR BUSINESS COURSE NOTES – WEEK 1 - ONLINE . This is a summary of all the important concepts in the course. The information is arranged in a specific sequence and divided into...

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MNS 601: STATISTICS FOR BUSINESS COURSE NOTES – WEEK 1 - ONLINE . This is a summary of all the important concepts in the course. The information is arranged in a specific sequence and divided into class sessions. There are two types of content: ? Presentation of information/concepts – you should study this information thoroughly in addition to studying the relevant sections in the textbook (which are identified in the Course Outline) ? Examples – these sample problems illustrate the key concepts * * * * * * * * * * * * * * * * * * Session #1 * * * * * * * * * * * * * * * * * * INTRODUCTION Definitions Population - all the members of a defined group. Sample - some of the members of a population. Parameter - any descriptive measure of a characteristic of a population. Expressed using Greek letters. Statistic - any descriptive measure of a characteristic of a sample. Ex


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Statistics FOR Business - MNS 601 Special Project Maximum Credit: 20% of course grade Deadline: September 30, 2017, 3:00 p.m. PST Project Description: Identify and analyze a real-life, business application of statistics. The “business” can be a for-profit, non-profit, small or large entity. The following are not acceptable topics: A specific application/problem discussed in class An application that uses descriptive statistics (i.e., graphs, percentages, measures of central tendency or dispersion) The statistical procedure you choose MUST be one that was covered in this course. You do not have to collect actual data from a business or apply the statistical procedure/calculate an answer. To complete your project, copy and paste the form on the second page of this document. Then, fill in all the blanks. You can adjust the size of the answer spaces as necessary – the lines are just there to indicate where the answers go. Do not hand in this instruction page. Criteria & Administration: Be concise. Your project submission must not exceed two (2) pages in length (12-point font). You must write this. The form provided is in bold font. Do not use bold font for your responses. Hints: If you need help finding ideas for business applications, read the problems at the end of the relevant sections/chapters of the textbook. These problems usually include a business application/context. And, you can always “Google it.” If you have difficulty finding an actual business application, you can design and propose one for a specific business. Statistics FOR Business - MNS 601 Special Project Name:_________________________________________Date: ____________ Part A: Description of Business Context Write a brief summary of the business context (e.g., manufacturing, marketing, finance, etc.) including the name of the company or...



Answered Same DayDec 27, 2021

Answer To: MNS 601: STATISTICS FOR BUSINESS COURSE NOTES – WEEK 1 - ONLINE . This is a summary of all the...

David answered on Dec 27 2021
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SUPPLEMENTARY PROBLEMS
MNS 601 Special Project 1
STATISTICS FOR BUSINESS - MNS 601

Special Project
STATISTICS FOR BUSINESS - M
NS 601
Special Project

Name:_________________________________________ Date: ____________

Part A: Description of Business Context

Write a brief summary of the business context (e.g., manufacturing, marketing,
finance, etc.) including the name of the company or organization.

I want to analyze the adjusted close price of Apple (APPL) for the past 5 years
measured monthly. the data can be obtained from Yahoo.finance.com. Here my
dependent variable is Adj close of APPL and independent variable is time.

Part B: Problem/Issue

State the business problem/issue to be addressed using statistics and why this
problem/issue is important to the company/organization.

I want to know if there is any significant relationship between Adj close of
APPL and time. I expect a positive linear relationship between them. Consider
null hypothesis, Ho: there is no significant relationship between Adj close of
APPL and time. Alternative hypothesis, h1: there is significant relationship
between Adj close of APPL and time

Part C: Statistical Procedure

Explain the statistical procedure (NOTE: Focus on ONE statistical procedure
only)
1. Independent variable:
a) What is the variable: time
b)...
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