Learning Objective: The final statistics project will provide you with the opportunity to demonstrate your understanding of the applied aspect of this course. In fulfilling this objective, you will fulfill the written statistical component requirement of the BBA program. You will decide on two valuable options. Option 1 will focus on making your own mini statistical study.
- First, brainstorm a problem (e.g., health, debt, student success, work, stress, happiness, customer satisfaction, etc.) that you're interested. It can be anything relevant to business, economics, management, etc.
- Second, at least two different research questions and/or hypotheses. Note: The null and the alternative hypotheses count as ONE hypothesis. You need TWO different hypotheses/research questions.
- Sample question: Do students that drink energy drinks have higher GPAs? (Correlation)
- Sample question: Do women experience more conflict at work than do men? (Independent Sample T-Test)
- Sample question: Are there differences in degree choice satisfaction among freshman, sophomore, juniors, and seniors? (ANOVA)
- Sample research hypothesis: H1: Men and women differ in their workplace stress levels. (Independent Sample T-Test)
- Sample research hypothesis: H1: Drinking coffee impacts students' scores on exams. (Simple Linear Regression)
- Sample research hypothesis: H1: Watching the news too often is correlated with being pessimistic about the world. (Correlations)
- Third, develop at least a 5-10 question survey relevant to the research question or research hypothesis of your choice.
- Sample survey questions.
i. What's your sex? Male (1) ____ Female (2) ___
ii. What is your age? ____
iii. Have you ever experienced workplace conflict? Yes (1)___ No (0) ____
iv. On a scale of 1-7, how stressed are you at work?
Not stressed out 1 2 3 4 5 6 7 Very stressed out
v. How many times do you watch the news per week? ____
vi. Do you experience stress due to conflict? Yes (1) ___ No (0) ___
vii. What is your perception of the current political leaders in the U.S.?
- Fourth, collect the data from at least 10+ different people. (online or face-to-face)
- a a free online survey software system like Qualtrics or SurveyMonkey. Share the public hyperlink to at least 10 people (your target audience) through texts, social networking sites, emails, etc.... Then, download the responses as an Excel spreadsheet.
- Fifth, select an analytical approach as a key word (e.g., percentages, frequencies, means, standard deviations, t-tests, ANOVA, linear regression, regression analysis, correlational analysis, multiple regression, etc...). Select the approaches according to your personal research question/hypothesis interests.
- Sixth, design two visual graphical displays of the data (e.g., pie chart, bar graph, histogram, etc.) and/or analyze the data (e.g., correlation, t-test, ANOVA, regression) to share.
- Seventh, interpret the results of your mini study. What's the answer to your questions and/or hypotheses? Share the visual results in your statistical report.
- Eighth, find two credible references that support your study to enhance the professionalism and the credibility of your study. Make sure to cite them in your managerial report.
- Ninth, complete the managerial report worksheet to help you draft your final managerial report.
Discuss the Data that was Selected and Where you got it from:
What data were selected? Why is this data interesting to you? Why is this issue important?
What data set was selected and why? What was the target audience who responded to the data set?
Overview the report
Hypotheses or Research Questions:
What were at least two hypotheses or research questions posed by the researcher(s)?
What was the sample size? Any descriptive information?
What was the methodology employed in this study (e.g., surveys, interviews)? Was it adequate?
What data analysis strategies were adopted (e.g., descriptive (percentages, frequencies, means), t-test, ANOVA, linear regression, correlation, multiple regression)
Where each of the hypothesis (or research questions) supported or not supported given the selected data set?
Explain the findings using your own words.
*You must integrate at least two graphs/tables in your managerial report*
Summarize your results
Conclude the report with a quote, or with a startling comment.
Recently Asked Questions
- The sum n ( y i − i ) 2 i =1 ,where y i is an observed value of the response variable and i is the corresponding predicted value, is called the sum
- The following beginning and ending inventory balances apply to XYZ's 2008 accounting period: Raw Materials Inventory : Beginning- $24,000; Ending- $22,000;
- Can you please correct the formatting of these referrence: Introduction We live in a world that is prone to verbal abuse, poor manner, mistreatment of others,