Final Project Grading Criteria
Final Project Grading Criteria
Grading Breakdown:
1) Executive Summary – up to 10%
a. Please review what an Executive Summary looks like:
▪ What is an Executive Summary?
b. Must have cover page.
2) Grammar – up to 10%
a. Spell and grammar check your work.
b. Make sure you have correct punctuation and complete sentences.
3) State significant predictors – up to 25%
a. Must state which predictors are significant at predicting Cost of Living and how
do you know.
b. Show the comparison to alpha to state your results and conclusion.
c. Do these significant predictors make sense, if you want to relocate?
4) Discuss descriptive statistics for the significant predictors – up to 25%
a. From the significant predictors, review the mean, median, min, max, Q1 and Q3
values.
b. What city or cities fall above or below the median and/or the mean?
c. What city or cities are in the upper 3rd quartile? Or the bottom quartile?
d. How do these predictors compare to the baseline of NYC? What cost more or
less money than NYC?
5) Recommend at least 2 cities to open a second location in – up to 30%
a. You must justify your answer for full credit.
b. You need to use the Significant Predictors AND Descriptive Statistics in your
justification.
c. Justification without the use of Significant Predictors WILL NOT get full credit.
d. Justification without the use of Descriptive Statistics WILL NOT get full credit.
You need to use both.
e. For example, let’s look back at London. London at 88.33, is 11.67% less
expensive than NYC. But that doesn’t mean London is a good place to open a
second location once you discuss the significant predictors and how it relates
back to each city.
f. Use what you have learned in the course and analyze all the data not just what
you see on the surface.
g. You must use the numbers and the output to justify your answers. Do not use
any outside resources to justify your answer. Only use Significant Predictors
AND Descriptive Statistics.