Statistics plays a vital role in making decisions at all levels – personal, organization as well as government levels.
Guidelines for Research Project
Introduction: Statistics plays a vital role in making decisions at all levels – personal, organization as well as government levels. Organizations use business statistics to determine consumer preferences. Governments rely on statistics to better deliver goods and services. Politicians depend on opinion polls to gauge their popularity. Key to being becoming a practicing statistician is the ability to collect, processes, analyze, interpret and present data for decision making. This entails the need for students to understand the different methods used in data collection, identifying appropriate software technologies to solve business problems as well as demonstrated skills to organize, prepare and present processed data to decision makers.
Approach: Students are expected to use correlations to analyze data. The following are the steps that you will need to follow to successfully undertake this assignment:
- Introduction: You are expected to give a brief description of correlation and what it measures.
- Variables: Select two variables to be used in the assignment and define them in a clear and succinct manner. Give your expectations about the nature and direction of their relationship.
- Source of Data: Discuss the type of data – primary or secondary? Where did you get the data from? Give the sources and process as to how you collected data.
- Data Analysis: What kind of software did you use to analyze the data? Was it Excel? Why the choice of the software?
- Results: Give the output and explain the results. Are your results consistent with your expectations? If not, give explanations and interpretations.
- Conclusions: Give a brief summary and discuss implications
- References: Clearly cite all references used to undertake your Research Project.
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