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Data File: TEXAS - WAGES (More Information Found P. 320 in 3: BQ 271 Business Statistics Chapter 8 Case 8.1

This document provides instructions for Case 8.1, which asks students to analyze real-world data on hourly wages by education level in Texas. Students must prepare a managerial report in Microsoft Word summarizing the case, statistical methods used, results, and recommendations. They must also include descriptive statistics, confidence intervals, and other analysis in a Microsoft Excel spreadsheet. The report and spreadsheet will be graded based on demonstrated understanding and application of statistics, proper formatting, and clear communication of analysis and conclusions.

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123 views1 page

Data File: TEXAS - WAGES (More Information Found P. 320 in 3: BQ 271 Business Statistics Chapter 8 Case 8.1

This document provides instructions for Case 8.1, which asks students to analyze real-world data on hourly wages by education level in Texas. Students must prepare a managerial report in Microsoft Word summarizing the case, statistical methods used, results, and recommendations. They must also include descriptive statistics, confidence intervals, and other analysis in a Microsoft Excel spreadsheet. The report and spreadsheet will be graded based on demonstrated understanding and application of statistics, proper formatting, and clear communication of analysis and conclusions.

Uploaded by

Ibra Tutor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BQ 271

Business Statistics

Chapter 8 Case 8.1

Cases are assigned from the end of chapters that represent real world applications of the statistical concepts
discussed in the chapter. You will use Microsoft Excel to perform the statistical procedures. You will also use
Microsoft Word to prepare a managerial report that summarizes the key requirements of the case, explains the
statistical methods used, discusses the results, and recommends a course of action based on your analysis. The
managerial report will be submitted to Safe Assign for originality.

Deliverables
 Managerial report
o Use format available in Sample Managerial Report;
 Section 1 summarizes the case described in the chapter. Include in this section any
descriptive statistics and state the purpose and objective of the case. DO NOT copy the
case.
 Section 2 should describe the statistical methods used to analyze the case. Include
interval estimates, hypothesis tests, tables and charts as necessary. DO NOT include the
data set in the report. Figures and tables should be labeled (Table 1. Descriptive statistics,
Figure 1. Chi-square distribution, etc.) and properly formatted for clarity.
 Section 3 should provide the conclusions of your analysis and recommendations for
future action. Include your answers to any questions posed in this section.

 Excel Spreadsheet
o Use separate sheet for each chart, pivot table, and table created with the Analysis Tool-Pak.
o Name each tab with the name of the table or chart.
o Format numbers to 3 decimal places.

Grading
A rubric in Blackboard is used to grade each case study:
 Spreadsheet – Demonstrate ability to use Microsoft Excel to perform statistical analysis.
o Use of analysis tools, pivot tables, charts, graphs, formulas and functions.
 Managerial Report – Demonstrate understanding of statistical methods.
o Provide a clear and focused summary of the case along with stated purpose and objectives;
o Critically analyze data and explain statistical procedures used along with resultant outcomes;
o Make logical recommendations to management supported by statistical analysis;
o Use proper punctuation, spelling and grammar. Tables and charts should be properly identified,
formatted, and referenced in the document.

Data File: TEXAS_WAGES (More information found p. 320 in 3rd edition of the textbook.)

1. Calculate descriptive statistics to compare the hourly wages for the three education levels.
2. Construct and interpret the 95% confidence intervals for the mean hourly wage at each education level.

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