Wedel's Final Paper

Wedel's Final Paper - Wedel & Associates 18111 Nordhoff...

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18111 Nordhoff Ave.  Juniper Bldg. Suite 1230 Northridge, CA 91325 DATE Mr. Jack Potts Nevada Gaming Company 420 Industrial Blvd. Jean, NV 89019 Dear Mr. Potts: Thank you for choosing us for your statistical needs. I have prepared the following report  for the purpose of foreseeing if handheld computers would be ideal for your assembly  line workers and if the increased productivity will surpass the computer’s cost.  You also  asked us to see if the two tests you give to potential employees during their screenings  are accurate. We hope the report is easy to interpret and understand. If you have any questions  regarding the report, don’t hesitate to call me. Cordially,
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Frequency 0 2 4 6 8 10 Age Range Age Histogram Male 61% Female 39% The following information is from the sample table provided by your company for us to  analyze. I have broken it up into the three sections. Section one is descriptive statistics:  this section will provide you with the information about the ages, sexes and performance  with computers of your applicants. Section two is hypothesis testing: this section will tell  you if and if and how the handheld computer will be cost effective. Section three is linear  regression and correlation: this section will make sure that your tests should be used as a  proper screening and if you should employ specified potential, Mr. Stan Still. Descriptive Statistics Descriptive statistics is organization, summary and presentation of data provided and  summarizes the key characteristics of known qualitative or quantitative data of a  population or a sample.  Samples of descriptive statistics are computing the mean,  median, mode, variance and standard deviation. Statistical estimation is the forecast of a 
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This note was uploaded on 05/06/2008 for the course SOM 120 taught by Professor Wedel during the Spring '05 term at CSU Northridge.

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Wedel's Final Paper - Wedel & Associates 18111 Nordhoff...

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