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Exploring Business FINAL EXAM

The exam consists of two short answer questions worth 25 marks each. Both questions will require students to state the name and purpose of a statistical test, outline the null and alternative hypotheses, report the results of the test in APA format including statistics, significance or non-significance, and make appropriate recommendations based on the results. Students will be evaluated on their use of correct statistical terminology and adherence to professional standards.

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Ansariah Cruz
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17 views2 pages

Exploring Business FINAL EXAM

The exam consists of two short answer questions worth 25 marks each. Both questions will require students to state the name and purpose of a statistical test, outline the null and alternative hypotheses, report the results of the test in APA format including statistics, significance or non-significance, and make appropriate recommendations based on the results. Students will be evaluated on their use of correct statistical terminology and adherence to professional standards.

Uploaded by

Ansariah Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The exam is two short answer questions worth 25 marks each for a total of 50 marks

Short answer question 5 to >4.25 pts


one: States the name of the test and why it was used with no errors in
Introduction: identification or explanation. Outlines both the null and
5 points alternative hypotheses in detail and without errors. The
hypotheses use the correct wording for the test. The use of
discipline terminology is confident and assured.

Short answer question 20 to >17.00 pts


one: Results section Results are written to APA formatting standards as shown in the
20 points course content. The descriptive and inferential statistics are
written without errors. The significance/ non-significance of the
test and p-value is clearly stated. Which hypothesis is rejected/
accepted is stated. The use of terminology is extensive and
correct. The level of reporting and interpretation of the test and
data meets the professional standards of the discipline with no
errors in interpretation and/or formatting. The recommendations
are highly appropriate and based on the results.

Short answer question 5 to >4.25 pts


two: States the name of the test and why it was used with no errors in
Introduction: identification or explanation. Outlines both the null and
5 points alternative hypotheses in detail and without errors. The
hypotheses use the correct wording for the test. The use of
discipline terminology is confident and assured.

Short answer question 20 to >17.00 pts


two: Results section Results are written to APA formatting standards as shown in the
20 points course content. The descriptive and inferential statistics are
written without errors. The significance/ non-significance of the
test and p-value is clearly stated. Which hypothesis is rejected/
accepted is stated. The use of terminology is extensive and
correct. The level of reporting and interpretation of the test and
data meets the professional standards of the discipline with no
errors in interpretation and/or formatting. The recommendations
are highly appropriate and based on the results.

Understand what analytics we can use depending on the business issues


Explain the main analyses we learned this semester (descriptive, chi-square, t-tests, ANOVA,
correlation and regression)
Be able to interpret all statistical tests with the p-value (<.05) for decision making
Make good business recommendations based on the output of analyses.
Able to understand and explain the p-value approach to decision making
Can interpret all analytics
Understand which is the most appropriate test depending on the business problem
What are different types of research analytics
The employability skills you will develop as a result of completing this module include:
Knowledge of the different types of analytics
Have the ability to design research based on your business needs
Have an understanding of how to analyse and interpret the data
HOW TO TEST RELATIONSHIP
1. Understand what analytics we can use to test for relationships
2. Explain correlation and regression analyses
3. Be able to interpret all statistical tests with the p-value (<.05) for decision making
4. Make good business recommendations based on the predictive value of regression
analyses.

 What are the measures of central tendency and variation?


 How do you interpret a histogram, box-plot and scatter diagram?
 What is a confidence Interval?
 Which is the only test for two categorical variables?
 What are the three types of T-tests and how are they different to one another?
 Which test can compare more than three means/groups?
 Which test could be used to test if there is a relationship between study time and
performance?
 How do you interpret a regression analysis?

• Covers the third part of the course:


• Measures of central tendency and variation
• Distributions (skew)
• Z-scores & Confidence intervals
• Chi-square
• Independent t-test
• Paired samples t-test
• ANOVA
• Correlation
• Regression

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