State the business problem/issue to be addressed using statistics and why this problem/issue is important to the company/organization.

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Part C: Statistical Procedure

Explain the statistical procedure (NOTE: Focus on ONE statistical procedure only)

1. Independent variable:
2. What is the variable: ___________________________________________
3. How it is measured, i.e. what units or categories are used (e.g., revenue measured in "dollars"; height measured as "short, average, tall") _______________________________
4. Level of measurement (nominal, ordinal, interval, or ratio): ________________________________________
5. Dependent variable:
6. What is the variable: ___________________________________________
7. How it is measured, i.e. what units or categories are used (e.g., revenue measured in "dollars"; height measured as "short, average, tall") _______________________________
8. Level of measurement (nominal, ordinal, interval, or ratio): ________________________________________
9. Name of the procedure/formula (e.g., ANOVA, Chi-Square, Hypothesis Test using z formula, Regression Analysis, etc.). NOTE: The procedure/ formula must be one that was covered in the course: __________________________________________________________________
10. Describe the statistical rationale/justification for choosing this procedure/formula: _______________________________________________ __________________________________________________________________
11. Describe how the data are collected by the business/organization: __________________________________________________________________
12. Describe how the data are analyzed (i.e., identify the steps in the statistical procedure): ______________________________________________________

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Part D: Decision/Interpretation

Explain the type of business decision that the company/organization would make as a result of this statistical analysis. ________________________________

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