{"id":1919,"date":"2024-07-20T08:16:10","date_gmt":"2024-07-20T08:16:10","guid":{"rendered":"https:\/\/britainwriters.com\/answers\/?p=1919"},"modified":"2024-07-20T08:16:13","modified_gmt":"2024-07-20T08:16:13","slug":"l4-quantitative-methods-for-business-assignment","status":"publish","type":"post","link":"https:\/\/britainwriters.com\/answers\/l4-quantitative-methods-for-business-assignment\/","title":{"rendered":"L4 Quantitative Methods For Business Assignment"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Assignment Task<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Learning Outcomes to be achieved:<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LO1. Recognise the detailed technical nature of quantitative techniques \\<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LO2. Explain the role of statistics as a business decision-making tool<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LO3. Summarize issues in the collection and analysis of quantitative data for supporting management decision-making<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LO5. State the different quantitative procedures used in the analysis of different data types<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ASSESSMENT DETAILS<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Congratulations! You just landed a new graduate analyst job at an exciting tech start up and, as your first task, you have been given a dataset to analyse which relates to information from customers that participated in social media advertising campaigns. The following information is available in the dataset:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Age: the age of customers<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Income: customers&#8217; yearly income in \u00a3<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Expenditure: customers&#8217; yearly average expenditure in tech devices in \u00a3<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Usage: daily customer social media usage measured in hours\/day<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Country: customers\u2019 country of residence<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Device: customers&#8217; preferred device can be &#8220;mobile&#8221;, &#8220;laptop&#8221; or &#8220;tablet&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 1<\/strong>. Identify which variables are quantitative and which variables are qualitative. Justify your answer.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.unilearno.com\/uploads\/2024\/07\/20240715122856PM-685313541-361045332.PNG\" alt=\"20240715122856PM-685313541-361045332.PNG\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 2<\/strong>. Comment on the symmetry of the distribution of these variables.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 3<\/strong>. Comment on the dispersion of these variables. Which variable has the highest variability?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 4<\/strong>. Give a point estimate for: the mean yearly expenditure in tech devices; the mean age of customers the mean customers\u2019 yearly income the mean daily social media usage<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 5<\/strong>. Create a confidence interval for the point estimates of the previous question. What is the meaning of these confidence intervals?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 6<\/strong>. What is the point estimate for the proportion of customers with mobile devices? Create a confidence interval for the proportion of mobile devices. What is the meaning of this confidence interval?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Question 7<\/strong>. Before handing you the data set, your boss believed that 26% of customers had a tablet as their preferred device. If you wish to test this hypothesis, what would be the alternative and null hypothesis be? At a confidence level of 5%, what is the conclusion of the hypothesis test?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assignment Task Learning Outcomes to be achieved: LO1. Recognise the detailed technical nature of quantitative techniques \\ LO2. Explain the role of statistics as a business decision-making tool LO3. Summarize issues in the collection and analysis of quantitative data for supporting management decision-making LO5. State the different quantitative procedures used in the analysis of different [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1919","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>L4 Quantitative Methods For Business Assignment - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/britainwriters.com\/answers\/l4-quantitative-methods-for-business-assignment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L4 Quantitative Methods For Business Assignment - My Blog\" \/>\n<meta property=\"og:description\" content=\"Assignment Task Learning Outcomes to be achieved: LO1. 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