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BUSINESS STATISTICS OUTLINE FOR FINAL PROJECT

BUSINESS STATISTICS OUTLINE FOR FINAL PROJECT

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Author: Christine Farr
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Business StatisticsOutline for Final ProjectThe Final Project is to write a minimum 4 page (a minimum of approximately 1000words) report explaining the results from your analysis of the ROI of Business Majorsand Engineering Majors. You are to use your results from each week’s assignment tomake this report. This report should include:1) A detailed description of the data used in this analysis – specifically explainwhat the data in each column represents.For each column in the data set for each major please explain what the columnrepresents.2) A detailed explanation of any information learned about,Explanations should be supported with the results obtained from your work inprevious weeks.a) School Type for each major;Use your results from Week’s 1-7 Weekly Projects to draw conclusionabout the School Type for each major.b) The Cost for each major;Use your results from Week’s 1-7 Weekly Projects to draw conclusionabout the Cost for each major.c) The 30 Year ROI for each major;Use your results from Week’s 1-7 Weekly Projects to draw conclusionabout the 30 Year ROI for each major.d) The Annual % ROI for each major.Use your results from Week’s 1-7 Weekly Projects to draw conclusionabout the Annual % ROI for each major.3) Finally, answer the following questions and support your answer with yourresults. Does there appear to be a particular major that gives a better ROI? Why or Whynot?ooUsing the results given in the section above, state which major you believewould have a better ROI and why.Given that we are using statistical inference to make our conclusions, is itguaranteed that the major you choose that gave a better ROI for this sample will alwayshave a better ROI than the other major? Explain your reasoning.Using what you know about statistical inference to answer this question.


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