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First Part: Outline Follow Steps 1 - 6 below. ! Due on April 30 STEPS: STEP 1) BUSINESS QUESTION AND HYPOTHESIS 1a) Define a business question

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First Part: Outline Follow Steps 1 – 6 below. Due on April 30 STEPS: STEP 1) BUSINESS QUESTION AND HYPOTHESIS 1a) Define a business question dealing with data that can be easily generated or extracted from online sources. 1b) Define your hypothesis: What is it that you will be testing and what results do you expect? Examples : EX 1) Creating data yourself : you want to know the variability in the prices of an IPOD. You can generate the data yourself by making note of IPOD prices listed online on Ebay.com, BestBuy.com, Target.com, and etcetera. EX 2) Downloading data : you want to know the variability of a stock price; thus, you download data from Yahoo Finance. Or, if you are interested in the variability of U.S. exports to China; you can download country data from the World Bank. In the appendix of this document, I list several data sources. EX 3) Using Textbook Datasets : use the datasets mentioned in the textbook that are available in the CD that came with the textbook. website: http://wps.prenhall.com/bp_evans_stats_4/112/28870/7390732.cw/index.html . You could formulate a business question by reading the end-of the-chapter problems. STEP 2) COLLECTION OF READING SOURCES Collect your reading material. Conduct a brief literature review of the business problem you will be studying with the use of academic and business magazines and reports. You are required to have at least 10 references (minimum 10) in your paper. Depending on the nature of your paper, the references should come from: A) Academic Sources 1
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Journal of Business & Economic Statistics, JSTOR, Print ISSN 07350015 Journal of the American Statistical Association, JASA , Print ISSN 0162-1459 The American Statistician, TAS, Print ISSN 0003-1305 Journal of Computational and Graphical Statistics, JCGS, Print ISSN 1061-8600 Journal of Statistics , JOS , Print ISSN 0282-423X Others B) Major News and Business Sources ABC News (http://abcnews.go.com) Barrons (http://www.barrons.com/) BBC (http://news.bbc.co.uk/) Bloomberg (http://www.bloomberg.com/) Business Daily ( http://www.businessdaily.com/ ) Business Week ( http://www.businessweek.com ) Business Wire (http://www.businesswire.com/) CBS news (http://cbsnews.com/) CFO (http://www.cfo.com/cfo_home) CIO (http://www.cio.com) CNBC Business (http://www.msnbc.com/news/COM_Front.asp?ta=y) C-NET (http://news.com.com/) CNN (http://www.cnn.com) CNN money (http://money.cnn.com/) The Economist (http://www.economist.com/) The Economist Business (http://www.economist.com/business/) Economist Intelligence Unit (http://www.eiu.com/) Finance Journal (http://www.topfinancialnews.com/) Financial Times (http://news.ft.com/home/us/) Forbes (http://www.forbes.com/) Fortune (http://www.fortune.com/) Fox News (http://www.foxnews.com/) Investor's Business Daily (http://www.investors.com/) Journal of Commerce (http://www.joc.com/) MSNBC News (http://www.msnbc.com/) Newsweek (http://www.msnbc.com/news/NW-front_Front.asp) New York Times (http://www.nytimes.com/) PR Newswire (http://www.prnewswire.com/) Reuters (http://www.reuters.com) Smart Money (http://www.smartmoney.com) Strategy & Business (http://www.strategy-business.com/) TIME (http://www.time.com/) US News (http://www.usnews.com/usnews/home.htm) Wall Street Journal (http://www.wsj.com) Wired (http://www.wired.com/wired/current.html) Others STEP 3) DATA COLLECTION Collect the data that will answer your business question. You dataset must have 30 or more observations. You are required to use Excel. 2
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