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Task 1: Analysis of Key Data Sources and FlowsTask 1Analyse the key sources and flows of data that are collected, processed, stored and taken into account in the organisation’s decision-making process. Your analysis must include:A statement of all the current financial and non-financial data the organisation uses in its decision making; An analysis of data integrity and identified gaps; A map between business functions an...
Short data descriptionEmpirical Group Project Guidelines To strengthen both teamwork and communication skills, students will work in teams of between three to four students (from within your lab stream) and collaboratively identify, describe, model and analyse the real-world problem using the data analytics techniques you have learned from this class. The project is assessed based on an oral presentation, where each member of the group should ...
Data Summary and PresentationOverviewYou are an analyst with the Agricultural and Horticultural Development Board (AHDB), specialising in beef. You have been asked to estimate the demand for beef so that likely future price increases resulting from the introduction of a Meat Health Tax can be evaluated by the AHDB. To do this you must identify your preferred econometric model specification. In order to facilitate this analysis it is ...
Question 1Complete the following questions as specified below. Assignments that are fully completed as requested will automatically receive full marks. 1. Recently, a Kwantlen instructor chose three students from a class of 10. How many different groups of 3 could the instructor have potentially selected? 2. A recent study concluded that 90 percent of Kwantlen students have a cell phone. ...
Impact of Changes in Mean and Standard DeviationTask: 1. Suppose that in certain chemical plant the reaction time between activation of a warning light and the operator's sounding a buzzer alarm is normally distributed with a mean μ and a standard deviation σ. a. Assume that the mean reaction time μ is set at 30 seconds. Suppose the value of the standard deviation σ increases from 3 to 4 seconds. What does the increase mean t...
Exploring correct and incorrect statements in statistics1. Which of the following statements are correct? 1. The class interval in a frequency distribution is the number of data values falling within each class. 2. The largest value in a set of data is 140, and the lowest value is 70. If the resulting frequency distribution is to have five classes of equal width, the class width will be 14. 3. A frequency distribution is a listing of the indivi...
Common Mistakes and Misconceptions in Statistical AnalysisWhen asked to explain something to your manager, assume that person has a non-technical background and requires a brief but complete explanation of the issue. Use this as an opportunity to demonstrate your thorough understanding of the material and your ability to communicate it effectively. 1.Your manager doesn’t know much about analytics. That is too bad, but don&rsqu...
Learning OutcomesThe learning outcomes that are assessed by this coursework are:1 To discuss what is meant by the term data mining, to be able to express a business problem within a data mining framework and identify an appropriate target variable. 2 To be able to identify necessary prequisites for the application of a data mining framework and discuss the limitations of data mining methods with regard to data and methods in the context o...
Instructions for the Laboratory ReportYou will need to write a laboratory report. Because this is a research methods unit, the purpose of this laboratory report is to emphasize the procedure and methods and of conducting research, as well as the statistical approach. This laboratory report is slightly different from the one you are used to doing in other units. In this report, you will choose a data set from three data sets we have provided ...
BI Portfolio 1 (E11- SAP Explorer)BI Portfolio 1 (E1-1 SAP Explorer)1. Answer the following: a. A description of the tool? b. What does the tool do? c. How is it utilized for business and decision making? 2. Analyze the data in detail: provide 4 key points of data with an analysis of data and observationsa. Sales? b. Products?c. Trends? d. Demographics? 3. Describe two (2) skills gained from this in the activity? a. skill...
Descriptive Statistics and InterpretationQuestion 1Compare the life satisfaction of Singaporeans in 2002 and 2012 by presenting relevant descriptive statistics and graphs. Describe the measures of location and dispersion. Interpret your preliminary observations. Question 2(a) Report the 99% confidence intervals for the average levels of life satisfaction of Singaporeans in 2002 and 2012, respectively. Interpret these confidence inter...
Backgrounda) Read the journal article available on Moodle “The CRISP-DM Model: The New Blueprint for Data Mining” Shearer 2000. Write a critique of this article as it applies to the mining of ‘Big Data’ in 2019. Your appraisal should include a review of a minimum of 3 related journal articles, all published on or after 2012, and be no longer than 1500 words. b) Offer a critical analysis of a ‘Big Data&rsquo...
This assessment addresses the following learning outcomes: 1. Understand key concepts in statistics and the way in which both descriptive and inferential statistics are used to measure, describe and predict health and illness and the effects of interventions. 2. Apply key terms and concepts of statistics, including; sampling, hypothesis testing, validity and reliability, statistical significance and effect size. 3. Interpret the result...
Task1. Microsoft surveys 300 randomly selected computer users and asks them a series of questions. Qualify each of the following types of analysis as either Inferential Statistics or Descriptive Statistics. A. They take their data and construct a pie chart showing what portion of their sample use which operating system. B.Using their sample data, they estimate what portion of the population is using the latest version of the Windows op...
ObjectivesTo understand and solidify introductory statistics course concepts and techniques 1.As the Manager of Customer service at a Bank, you were assigned the job of revamping the Customer Service function at the branches. To get the project started, a research study at four branches was conducted to assess the effectiveness of a recent change in the customer account management process. Details of the study are as follows: a.A group of ...
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