BUS105 - Business Statistics - Statistical Techniques - Strategies - Assessment Answer

BUS105 - Business Statistics - Statistical Techniques - Strategies - Assessment Answer 

Task:

• Identify practical business situations to which statistical techniques are applicable
• Present, summarise and manipulate sample data, make basic statistical inferences and interpret the results in a business context
• Use one or more current statistical software packages for basic data analysis purposes
• Apply skills in identifying problems and solution strategies.

Overview of the Subject
This subject is embedded in a business context and uses:

• descriptive methods to graphically and numerically summarise data sets;
•  inferential techniques on sample data to determine characteristics of the parent populations;
•  regression techniques to predict future outcomes.
• The subject provides an introduction to basic statistical concepts and techniques and a working knowledge of a number of inferential procedures to solve statistical problems in a business context. The subject covers the use of techniques such as hypothesis tests and to develop evidence based predictions that can be used when making business decisions.

Use the dataset summarizer and your dataset to answer the following

• Investigate the relationship between the fields (variables) “How much ingredient X?” and “How much would they pay?”. Paste inappropriate sample statistics and a graph and add comments.
• Investigate the relationship between the fields (variables) “Which ship?” and “How much would they pay?” Paste inappropriate sample statistics and graphs and add comments.
• Investigate the relationship between the fields (variables) “Which country?” and “How much would they pay?” Paste inappropriate sample statistics and graphs and add comments.
•  Investigate the relationship between the fields (variables) “Which country?” and “which ship” Paste inappropriate sample statistics and a graph and add comments.
•  Work out the score of the sample proportion of customers from country A, if the hypothesis p=0.9 is true
•  Work out the score of the sample proportion of customers from the country
• Find a 95% confidence interval for the average of the variable “How much would they pay?” if the hypothesis they are on ship A is true.
•  Find a 95% confidence interval for the average of the variable “How much would they pay?” if the hypothesis they are on ship B is true.
•  Paste in the output for testing the claim there is a relationship between the variables “How much ingredient X?” and “How much would they pay?” and add suitable comments.
•  Paste in the output for testing the claim there is a relationship between the “Which ship?” and “Amount they would pay?” and add suitable
• comments.
•  Paste in the output for testing the claim there is a relationship between the “Which country?” and “Amount they would pay?” and add suitable
• comments. l) Paste in the output for testing the claim there is a relationship between the “Which country?” and “which ship?” and add suitable comments.

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