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Description
Based upon the input from Units 1 and 2, you have just received your
Description
Based upon the input from Units 1 and 2, you have just received your next assignment that will contribute to your next decision. For the outdoor sporting goods client, based upon your prior decision on whether or not to expand to the next market or retain your current position, justify your decision further utilizing the chi-square distribution tool. One key criterion point: You do not have adequate data to formulate a full chi-square for the outdoor sporting goods client. However, you have sufficient data to initiate this process. You are charged to demonstrate the initial steps of a nonparametric test that are qualitative. Utilizing the null and alternative hypotheses, further present your justifications for your selection and what it means beyond the mere formulas. What is this going to tell the Board of Directors and contribute to the decision-making process?
The following information may be helpful in understanding chi-square and hypothesis testing:
Please review this helpful video (https://www.youtube.com/watch?v=WXPBoFDqNVk). The presenter uses flipping a coin and rolling a die. These are examples and analogies.
The following are assumptions that might make the assignment more helpful and make the responses more uniform:
Continue to utilize the Big D scenario. Work under the assumption that the sample is based upon 2 different proposed product lines.
Additionally, work under the assumption that the same demographics are utilized for each product.
Reference
Bozeman Science. (2011, November 13). Chi-squared test [Video]. YouTube. https://www.youtube.com/watch?v=WXPBoFDqNVk
Unit 2 Prompt
Big D Incorporated needs to prepare an assessment regarding the feasibility of making a recommendation for expansion into another market. As the business analyst, your assignment is to prepare a short presentation for the Board of Directors that apply concepts learned in Unit 1 and concepts from Unit 2 to make the necessary recommendations and justifications for those recommendations. You will need to compare and contrast the varying markets to make the best recommendation possible. Complete the following:
Download the reports for the United States from this Web site. The Web site provides free demographical services where one can choose from a variety of criteria and generate reports based on the U.S. Census data. This particular file contains 4 reports:
General Summary
Census Trend 1980 to 2000 Summary
Occupation and Employment Summary
Income Summary (based on the entire United States)
Download the reports for zip code 60614 from this Web site. This particular file contains 4 reports:
General Summary
Census Trend 1980 to 2000 Summary
Occupation and Employment Summary
Income Summary based on the U.S. zip code 60614
Using all 4 demographic reports (General Summary, Census Trend 1980 to 2000 Summary, Occupation and Employment Summary, and Income Summary) for the United States and zip code 60614, prepare a 1-page summary slide explaining how your territory differs from the national profile. Feel free to note anything that you found surprising in the data.
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