HI6007 Statistics and Research Methods for Business Decision Making T1 2019
Trimester T1 2019 Unit Code HI6007 Unit Title Statistics and Research Methods for Business Decision Making Assessment Type Assessment 2 Assessment Title Group Assignment Holmes Institute
Purpose of the assessment (with ULO Mapping)
Students are required to show the understanding of the principles and techniques of business research and statistical analysis taught in the course.
Assignment Specifications
Purpose:
This assignment aims at Understand various qualitative and quantitative research methodologies and techniques, and other general purposes are:
- Explain how statistical techniques can solve business problems
- Identify and evaluate valid statistical techniques in a given scenario to solve business problems
- Explain and justify the results of a statistical analysis in the context of critical reasoning for a business problem solving
- Apply statistical knowledge to summarize data graphically and statistically, either manually or via a computer package
- Justify and interpret statistical/analytical scenarios that best fits business solution
Please read below information carefully and respond all questions listed.
Question 1
Australian exports (goods and services) along with its top 8 export markets in 2004-05 and 2014-15 are shown in the table stored in file EXPORTS.XLSX (in the course website). Using this data, answer
the questions below. (4 Marks)
- Use an appropriate graphical technique to compare the value of Australian exports (in A$ bn) in 2004-05 and 2014-15, broken down by country of export destination.
(1 mark)
- Use an appropriate graphical technique to compare the percentage value of Australian exports (in %) in 2004-05 and 2014-15, broken down by country of export destination.
(1 mark)
- Comment your observations in parts (a) and (b). (2 marks)
Question 2.
The following data are the 40 days umbrella sales from a store. (8 Marks)
63 |
74 |
42 |
65 |
51 |
54 |
36 |
56 |
68 |
57 |
62 |
64 |
76 |
67 |
79 |
61 |
81 |
77 |
59 |
38 |
84 |
68 |
71 |
94 |
71 |
86 |
69 |
75 |
91 |
55 |
48 |
82 |
83 |
54 |
79 |
62 |
68 |
58 |
41 |
47 |
- Construct a frequency distribution and a relative frequency distribution for the data.
(2 marks)
- Construct a cumulative frequency distribution and a cumulative relative frequency distribution for the data. (2 marks)
- Plot a relative frequency histogram for the data. (1 mark)
- Construct an ogive for the data. (1 mark)
- What proportion of the grades is less than 60? (1 mark)
- What proportion of the grades is more than 70? (1mark)
Use following class intervals to answer the above questions
Classes |
Frequency |
Relative Frequency |
Cumulative Frequency |
Cumulative Relative Frequency |
30 - 40 |
||||
40 - 50 |
||||
50 - 60 |
||||
60 - 70 |
||||
70 - 80 |
||||
80 - 90 |
||||
90 - 100 |
Question 3. (18 Marks)
Assume you are a research analyst in an economic consultancy firm. Your team leader has given you a research task to investigate whether the per capita retail turnover in Australia is a good predictor of the final consumption expenditure of the country.
Relevant Variables:
FINAL CONSUMPTION EXPENDITURE: (Trend) in $ Millions; - quarterly data from September 1983 to March 2016.
RETAIL TURNOVER PER CAPITA - (Trend) Total (State) in $;- quarterly data from September 1983 to March 2016.
[Quarterly time series data (for the period September 1983 to March 2016) are from the Australian Bureau of Statistics (ABS)]
The data are stored in the file named “ASSIGNMENTDATA.XLSX” in the course website. Using EXCEL, answer below questions:
- Using an appropriate graphical descriptive measure (relevant for time series data) describe the two variables. (1 mark)
- Use an appropriate plot to investigate the relationship between FINAL CONSUMPTION EXPENDITURE and RETAIL TURNOVER PER CAPITA. Briefly explain the selection of each variable on the X and Y axes and why? (2 marks)
- Prepare a numerical summary report about the data on the two variables by including the summary measures, mean, median, range, variance, standard deviation, coefficient of variation, smallest and largest values, and the three quartiles, for each variable.
- marks)
- Calculate the coefficient of correlation (r) between FINAL
CONSUMPTION EXPENDITURE and RETAIL TURNOVER PER CAPITA. Then, interpret it.
(2 marks)
- Estimate a simple linear regression model and present the estimated linear equation. Then, interpret the coefficient estimates of the linear model. (4 marks)
- Determine the coefficient of determination R2 and interpret it. (2 marks)
- Test whether FINAL CONSUMPTION EXPENDITURE positively and significantly increases with RETAIL TURNOVER PER CAPITA at the 5% significance level.
- marks)
- What is the value of the standard error of the estimate (se). Then, comment on the fitness of the linear regression model? (1 mark) Marking criteria
Marking criteria |
Weighting |
1. Australian Exports Analysis: a) Appropriate graphical technique for comparing the values b) Appropriate graphical technique for comparing the percentage values c) Comparing a and b |
4 marks 1 mark 1 mark 2 marks |
2. Analysis of sales of a product: a) Appropriate frequency distribution b) Appropriate cumulative frequency distribution c) Histogram d) Ogive e) and f) Proportion |
8 marks 2 marks 2 marks 1 mark 1 mark 2 marks |
3. Estimation and testing significance level: a) Descriptive measure b) Scatter plot c) Numerical summary report d) Correlation coefficient e) Estimating regression line f) Estimating coefficient of determination g) Testing significance h) Standard error |
18 marks 1 mark 2 marks 3 marks 2 marks 4 marks 2 marks 3 marks 1 mark |
TOTAL Weight |
30% |
Assessment Feedback to the Student: |
Marking Rubric
Excellent |
Very Good |
Good |
Satisfactory |
Unsatisfactory |
|
Australian Export Analysis |
Demonstration of outstanding knowledge on descriptive techniques |
Demonstration of very good knowledge on descriptive techniques |
Demonstration of good knowledge on descriptive techniques |
Demonstration of basic knowledge on descriptive techniques |
Demonstration of poor knowledge on descriptive techniques |
Analysis of sales of a product |
Demonstration of outstanding knowledge on descriptive measures |
Demonstration of very good knowledge on descriptive measures |
Demonstration of good knowledge on descriptive measures |
Demonstration of basic knowledge on descriptive measures |
Demonstration of poor knowledge on descriptive measures |
Estimation and testing significance level |
Demonstration of outstanding knowledge on correlation and regression analysis |
Demonstration of very good knowledge on correlation and regression analysis |
Demonstration of good knowledge on correlation and regression analysis |
Demonstration of basic knowledge on correlation and regression analysis |
Demonstration of poor knowledge on correlation and regression analysis |
Assignment Service Australia | CDR Writing Help | TAFE Assignment Help | Perth Assignment Help | Melbourne Assignment Help | Darwin Assignment Help | Adelaide Assignment Help | Assignment Help Victoria | Sydney Assignment Help | Canberra Assignment Help | Brisbane Assignment Help | CDR for Australian immigration | Course For Australian History
Diploma Universities Assignments
- Laureate International Universities Assignment
- Holmes Institute Assignment
- Tafe NSW
- Yes College Australia
- ACC508 Informatics and Financial Applications Task 2 T2, 2019
- ACC512 Accounting
- ACC520 Legal Regulation of Business Structures Semester 2, 2019
- ACCT20074 Contemporary Accounting Theory Term 2 Assessment 3
- AERO2463 Computational Engineering Analysis : Assignment 4
- B01DBFN212 Database Fundamentals Assessment 1
- BE01106 - Business Statistics Assignment
- BFA301 Advanced Financial Accounting
- BFA504 Accounting Systems Assessment 3
- BSB61015 Advanced Diploma of Leadership and Management
- BSBADV602 Develop an Advertising Campaign
- BSBCOM603 Plan and establish compliance management systems case study
- BSBCOM603 Plan and establish compliance management systems Assessment Task 1
- BSBCOM603 Plan and establish compliance management systems Assessment Task 2
- BSBCOM603 Plan and establish compliance management systems Assessment Task 3
- BSBFIM501 Manage Budgets And Financial Plans Assessment Task 1
- BSBHRM602 Manage Human Resources Strategic Planning
- BSBINM601 Manage Knowledge and Information
- BSBWOR501 Assessment Task 3 Plan Personal Development Plan Project
- BSBMGT517 Manage Operational Plan
- BSBWHS521 Ensure a Safe Workplace For a Work Area
- BSBWRK510 Manage employee relations
- BUSS1030 Accounting, Business and Society
- CAB202 Microprocessors and Digital Systems Assignment Help
- CHC40213 Certificate IV in Education Support
- CHCAGE001 Facilitate the empowerment of older people
- CHCAGE005 Provide support to people living with dementia
- CHCCCS023 Support independence and wellbeing
- CHCCCS025 Support relationships with carers and families
- CHCCOM005 Communicate and CHCLEG001 Work Legally Ethically
- CHCDIS002 Follow established person-centred behaviour supports
- CHCECE019 Early Childhood Education and Care
- CHCHCS001 Provide home and community support services
- COMP10002 Foundations of Algorithms
- COMP90038 Algorithms and Complexity
- COSC2633/2637 Big Data Processing
- COSC473 Introduction to Computer Systems
- CPCCBC5011A Manage Environmental Management Practices And Processes In Building And Construction
- CPCCBC5018A Apply structural Principles Medium rise Construction
- CSE3OSA Assignment 2019
- ELEC242 2019 Session 2
- ENN543 Data Analytics and Optimisation
- ENN543 Data Analytics and Optimisation Semester 2, 2019
- FINM202 Financial Management Assessment 3 Group Report
- Forensic Investigation Case Assignment ECU University
- HA2042 Accounting Information Systems T2 2019
- HC1010 Holmes Institute Accounting For Business
- HC2112 Service Marketing and Relationship Marketing Individual Assignment T2 2019
- HC2121 Comparative Business Ethics & Social Responsibility T2 2019
- HI5002 Holmes Institute Finance for Business
- HI5003 Economics for Business Trimester 2 2019
- HI5004 Marketing Management T1 2020 Individual Report
- HI5004 Marketing Management T1 2020 Group Report
- HI5004 Holmes Institute Marketing Management
- HI5014 International Business across Borders Assignment 1
- HI5014 International Business across Borders
- HI5017 Managerial Accounting T2 2019
- HI5017 Managerial Accounting T1 2019
- HI5019 Tutorial Questions 1
- HI5019 Strategic Information Systems for Business and Enterprise T1 2020
- HI5019 Holmes Institute Strategic Information Systems T2
- HI5019 T2 2019
- HI5019 T1 2019
- HI5020 Corporate Accounting T3 2019
- HI5020 Corporate Accounting T2 2019
- HI6005: Management and Organisations in a Global Environment
- HI6006 Tutorial questions
- HI6006 Competitive Strategy Individual T1 2020
- HI6006 Holmes Institute Competitive Strategy
- HI6006 Competitive Strategy T3 2019
- HI6007 Statistics for business decisions
- HI6007 Assessment 2 T1 2020
- HI6007 T1 2019
- HI6008 T2 2019
- HI6008 Holmes Institute Research Project
- HI6025 Accounting Theory and Current Issues
- HI6026 Audit, Assurance and Compliance Assignment Help
- HI6026 Audit, Assurance and Compliance
- HI6027 business and corporate law tutorial Assignment T1 2021
- HI6027 Business and Corporate Law T3 2019
- HI6027 Business and Corporate Law T2 2019
- HI6028 Taxation Theory, Practice and Law T2 2021
- Hi6028 taxation theory, practice and law Final Assessment t1 2021
- HI6028 Taxation Theory, Practice and Law T2 2019
- HI6028 Taxation Theory T1 2019
- HI6028 Taxation Law Holmes
- HLTAAP001 Recognise healthy body systems
- HLTWHS002 Follow safe practices for direct client care
- HOTL5003 Hotel Property and Operations
- HPS771 - Research Methods in Psychology A
- HS2021 Database Design
- ICTICT307 Customise packaged software applications for clients
- IFN619 Data Analytics for Strategic Decision Makers
- INF80028 Business Process Management Swinburne University
- ISY2005 Case Assignment Assessment 2
- ISYS326: Information Systems Security Assignment 2, Semester 2, 2019
- ITAP3010 Developing Data Access Solutions Project
- ITECH1103- Big Data and Analytics – Lab 3 – Working with Data Items
- ITECH1103- Big Data and Analytics Assignment Semester 1, 2020
- ITECH 5500 Professional Research and Communication
- Kent Institute Australia Assignment
- MA5830 Data Visualisation Assignment 2
- MGMT7020 Project Management Plan
- Mgt 301 Assessment 3
- MGT215 Project Management Individual Assignment
- MIS102 Data and Networking Assignment Help
- MITS4002 Object Oriented Software Development
- MITS5002 Software Engineering Methodology
- MKT01760 Tourism Planning Environments Assessment 4
- MKT01760 Tourism Planning Environments
- MKT01906 International Tourism Systems
- MKT5000 Marketing Management S2 2019
- MNG03236 Report Writing SCU
- MRE5003 Industrial Techniques In Maintenance Management Assignment 4
- MRE5003 Industrial Techniques In Maintenance Management Assignment 3
- MRE5003 Industrial Techniques In Maintenance Management
- Network Security and Mitigation Strategies Answers
- NIT2213 Software Engineering Assignment
- NSB231 Integrated Nursing Practice Assessment Task 1
- Science Literacy Assessment 4
- SIT323 Practical Software Development T 2, 2019
- SIT718 Using aggregation functions for data analysis
- SITXCOM002 Show Social and Cultural Sensitivity
- TLIL5055 Manage a supply chain
- TLIR5014 Manage Suppliers
- USQ ACC5502 Accounting and Financial Management
- UTS: 48370 Road and Transport Engineering Assessment 2
- CHCAGE001 Facilitate the empowerment of older people
- CHCAGE005 Provide support to people living with dementia
- CHCCCS011 Meet personal support needs
- CHCCCS015 Provide Individualised Support
- CHCCCS023 Support independence and wellbeing
- CHCCCS025 Support relationships with carers and families
- CHCCOM005 Communicate and work in health or community services
- CHCDIS001 Contribute to ongoing skills development
- CHCDIS002 Follow established person-centred behaviour supports
- CHCDIS003 Support community participation and social inclusion
- CHCDIS005 Develop and provide person-centred service responses
- CHCDIS007 Facilitate the empowerment of people with disability
- CHCDIS008 Facilitate community participation and social inclusion
- CHCDIS009 Facilitate ongoing skills development
- CHCDIS010 Provide person-centred services
- CHCDIV001 Work with diverse people
- CHCHCS001 Provide home and community support services
- CHCLEG001 Work legally and ethically
- CHCLEG003 Manage legal and ethical compliance
- HLTAAP001 Recognise healthy body systems
- HLTAID003 Provide First Aid
- HLTHPS007 Administer and monitor medications
- HLTWHS002 Follow safe work practices for direct client care
- CORPFIN 7101 managerial finance assignment answers
- Assignment 2 Introduction to Digital Forensics
- MGT603 Systems Thinking Assessment 1
- MGT603 Systems Thinking Assessment 2
- Hi5017 Managerial Accounting T1 2021
- HI6028 Taxation Theory, Practice and Law T1 2021
- OODP101 Assessment Task 3 T1 2021
- ITNE2003R Network Configuration and Management Project