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Defining the collecting DataQ1)Visit the official Microsoft Excel product website, products.office.com/excel.Review the features of the program you chose (MBA project management) andthen state the ways the program could be useful in statistical analysis.Q2) Results of a 2017 Computer Services, Inc. (CSI) survey of a sample of 163bank executives reveal insights on banking priorities among financial institutions(goo.gl/mniYMM). As financial institutions begin planning for a new year, ofutmost importance is boosting profitability and identifying growth areas.The results show that 55% of bank institutions note customer experience initiativesas an area in which spending is expected to increase. Implementing a customerrelationship management (CRM) solution was ranked as the top most importantomnichannel strategy to pursue with 41% of institutions citing digital bankingenhancements as the greatest anticipated strategy to enhance the customerexperience.a. Describe the population of interest.b. Describe the sample that was collected.c. Describe a parameter of interest.d. Describe the statistic used to estimate the parameter in (c).Q3)The American Community Survey () provides data everyyear about communities in the United States. Addresses are randomly selected andrespondents are required to supply answers to a series of questions.a. Describe a variable for which data are collected.b. Is the variable categorical or numerical?c. If the variable is numerical, is it discrete or continuous?Q4)social media provides an enormous amount of data about the activities andhabits of people using social platforms like Facebook and Twitter. The belief is thatmining that data provides a treasure trove for those who seek to quantify and
predict future human behavior. A marketer is planning a survey of Internet users inthe United States to determine social media usage. The objective of the survey is togain insight on these three items: key social media platforms used, frequency ofsocial media usage, and demographics of key social media platform users.a. For each of the three items listed, indicate whether the variables are categoricalor numerical. If a variable is numerical, is it discrete or continuous?b. Develop five categorical questions for the survey.c. Develop five numerical questions for the survey.

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Term
Spring
Professor
SamuelWong
Tags
Normal Distribution, Probability theory

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