Quantitative Analysis Discussion Research Project

Quantitative Analysis Discussion Research Project

Description/Paper Instructions

Quantitative Analysis Discussion Research Project

Quantitative, Analysis, Discussion, Research, Project

Select any one of the following starter bullet point sections. Review the important themes within the sub questions of each bullet point. The sub questions are designed to get you thinking about some of the important issues. Your response should provide  a succinct synthesis of the key themes in a way that articulates a  clear point, position, or conclusion supported by research.

You are a marketing manager for a company that makes ready-to-eat  breakfast cereals. Your company recently initiated a loyalty program for  consumers, which resulted in a large purchaser database. The brand  managers are eager to mine the available data, which they can use to  design more effective promotional programs.

The management of your  organization believes that to be effective, these programs have to take  into account significant cross-region (i.e., the East Coast, the West  Coast, the Midwest, and the South) purchase differences. Your task is to  test the hypothesis that there are significant cross-region differences  in purchasing patterns.

Management has suggested that you use six  different two-way comparisons (directly comparing each region with every  other region), with each two-way comparison being suggested at the 5%  level.

Assess how appropriate management’s proposed use of hypothesis  testing would be to validate management’s belief in cross-region  purchase differences.

Explain the goal of this hypothesis testing experiment.

Describe the mechanics of this hypothesis testing process.

Explain why the organization would go through the trouble of  hypothesis testing in this situation. Support your discussion with  relevant examples, research, and rationale.

You are a manager working for an insurance company. Your job entails  processing individual claims filed by policyholders. In general, most  claims are relatively minor, costwise, but a few are quite expensive.

Each quarter, you compile a report summarizing key claims statistics  that includes the number of claims submitted, the mean cost per claim,  the median cost per claim, the proportion of claims being litigated, the  number of emergency procedures, the proportion of men versus women, and  the average age of claimants.

Your measures are computed separately for  the southern and northern regions, and you are interested in  determining whether or not there are statistically significant  differences between the two regions on each of the aforementioned  measures.

Evaluate which comparisons would require the use of the t-test and which would use the chi-squared test.

Explain your answers. Support your discussion with relevant examples, research, and rationale.

In the past several weeks, you have been introduced to a range of  statistical data analysis tools. Consider what you have learned in the  context of progression of data, information, and knowledge. What are the  specific techniques you would consider most helpful in transforming  information into knowledge (as opposed to just translating data into  information)? Support your discussion with relevant examples, research,  and rationale.

The final paragraph (three or four sentences) of your initial  post should summarize the one or two key points that you are making in  your initial response.

Submission Details:

Your posting should be the equivalent of 1 to 2 single-spaced pages (500–1000 words) in length.100% original no plagiarism

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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