Applied Managerial Statistics: Course Project

Your instructor will provide you with a data file that includes data on five variables:SALES represents the number sales made this week.CALLS represents the number of sales calls made this week.TIME represents the average time per call this week.YEARS represents years of experience in the call center.TYPE represents the type of training the employee received.Part A: Exploratory Data AnalysisPreparationOpen the files for the Course Project and the data set.For each of the five variables, process, organize, present and summarize the data. Analyze each variable by itself using graphical and numerical techniques of summarization. Use Excel as much as possible, explaining what the results reveal. Some of the following graphs may be helpful: stem-leaf diagram, frequency/relative frequency table, histogram, boxplot, dotplot, pie chart, bar graph. Caution: not all of these are appropriate for each of these variables, nor are they all necessary. More is not necessarily better. In addition be sure to find the appropriate measures of central tendency, the measures of dispersion, and the shapes of the distributions (for the quantitative variables) for the above data. Where appropriate, use the five number summary (the Min, Q1, Median, Q3, Max). Once again, use Excel as appropriate, and explain what the results mean.Analyze the connections or relationships between the variables. There are ten (10) possible pairings of two (2) variables. Use graphical as well as numerical summary measures. Explain the results of the analysis. Be sure to consider all 10 pairings. Some variables show clear relationships, whereas others do not.Report RequirementsFrom the variable analysis above, provide the analysis and interpretation for three individual variables. This would include no more than one graph for each, one or two measures of central tendency and variability (as appropriate), the shapes of the distributions for quantitative variables, and two or three sentences of interpretation.For the 10 pairings, identify and report only on three of the pairings, again using graphical and numerical summary (as appropriate), with interpretations. Please note that at least one pairing must include a qualitative variable, and at least one pairing must not include a qualitative variable.Prepare the report in Microsoft Word, integrating graphs and tables with text explanations and interpretations. Be sure to include graphical and numerical back up for the explanations and interpretations. Be selective in what is included in the report to meet the requirements of the report without extraneous information.All DeVry University policies are in effect, including the plagiarism policy.Project Part A report is due by the end of Week 2.Project Part A is worth 100 total points. See the grading rubric below.Submission: The report, including all relevant graphs and numerical analysis along with interpretationsFormat for report:Brief IntroductionDiscuss the first individual variable, using graphical, numerical summary and interpretation.Discuss the second individual variable, using graphical, numerical summary and interpretation.Discuss the third individual variable, using graphical, numerical summary and interpretation.Discuss the first pairing of variables, using graphical, numerical summary and interpretation.Discuss the second pairing of variables, using graphical, numerical summary and interpretation.Discuss the third pairing of variables, using graphical, numerical summary and interpretation.ConclusionPart A: Grading RubricCategoryPoints%DescriptionThree individual variables—12 points each3636Graphical analysis, numerical analysis (when appropriate), and interpretationThree relationships—15 points each4545Graphical analysis, numerical analysis (when appropriate), and interpretationCommunication skills1919Writing, grammar, clarity, logic, cohesiveness, adherence to the above formatTotal100100A quality paper will meet or exceed all of the above requirements.Part B: Hypothesis Testing and Confidence IntervalsThe data file includes four hypotheses labeled a. – d.a. Mean sales per week exceeds 41.5 per salespersonb. Proportion receiving online training is less than 55%c. Mean calls made among those with no training is less than 145d. Mean time per call is greater than 15 minutesUsing the same data set from Part A, perform the hypothesis test for each speculation in order to see if there is evidence to support the manager’s belief. Use the Seven Elements of a Test of Hypothesis from Section 7.1 of your textbook, as well as the p-value calculation from Section 7.3, and explain your conclusion in simple terms.Compute confidence intervals (the required confidence level is included with the speculations) for each of the variables described in A–D, and interpret these intervals.Write a report about the results, distilling down the results in a way that would be understandable to someone who does not know statistics. Clear explanations and interpretations are critical.All DeVry University policies are in effect, including the plagiarism policy.Project Part B report is due by the end of Week 6.Project Part B is worth 100 total points. See grading rubric below.Format for report:Summary Report (about one paragraph on each of the speculations a. – d.)Appendix with the calculations of the Seven Elements of a Test of Hypothesis, the p-values, and the confidence intervals—include the Excel formulas used in the calculations.Part B: Grading RubricCategoryPoints%DescriptionAddressing each speculation—20 points each8080Hypothesis test, interpretation, confidence interval, and interpretationSummary report clarity 2020One paragraph on each of the speculationsTotal100100A quality paper will meet or exceed all of the above requirements.Part C: Regression and Correlation AnalysisUse the dependent variable (labeled Y) and the independent variables (labeled X1, X2, and X3) in the data file. Use Excel to perform the regression and correlation analysis to answer the following.Generate a scatterplot for the specified dependent variable (Y) and the X1 independent variable, including the graph of the “best fit” line. Interpret.Determine the equation of the “best fit” line, which describes the relationship between the dependent variable and the selected independent variable.Determine the coefficient of correlation. Interpret.Determine the coefficient of determination. Interpret.Test the utility of this regression model. Interpret results, including the p-value.Based on the findings in Steps 1-5, analyze the ability of the independent variable to predict the designated dependent variable. Compute the confidence interval for β1 (the population slope) using a 95% confidence level.  Interpret this interval.Using an interval, estimate the average for the dependent variable for a selected value of the independent variable. Interpret this interval. Using an interval, predict the particular value of the dependent variable for a selected value of the independent variable. Interpret this interval.What can be said about the value of the dependent variable for values of the independent variable that are outside the range of the sample values? Explain.In an attempt to improve the model, use a multiple regression model to predict the dependent variable, Y, based on all of the independent variables, X1, X2, and X3.Using Excel, run the multiple regression analysis using the designated dependent and three independent variables. State the equation for this multiple regression model.Perform the Global Test for Utility (F-Test). Explain the conclusion.Perform the t-test on each independent variable. Explain the conclusions and clearly state how the analysis should proceed. In particular, which independent variables should be kept and which should be discarded. If any independent variables are to be discarded, re-run the multiple regression, including only the significant independent variables, and summarize results with discussion of analysis.Is this multiple regression model better than the linear model generated in parts 1-10? Explain.All DeVry University policies are in effect, including the plagiarism policy.Part C report is due by the end of Week 7.Part C is worth 100 total points. See grading rubric below.Summarize your results from Steps 1–14 in a three-page report. The report should explain and interpret the results in ways that are understandable to someone who does not know statistics.Submission: The summary report and all of the work done in 1–14 (Excel output and interpretations) as an appendixFormat for report:Summary ReportPoints 1–14 should be addressed with appropriate output, graphs, and interpretations. Be sure to number each point 1–14.Part C: Grading RubricCategoryPoints%DescriptionSteps 1–12 and step 14, worth 5 points each65 65 Addressed with appropriate output, graphs, and interpretationsStep 131515Addressed with appropriate output, graphs, and interpretationsCommunication skills20 20 Writing, grammar, clarity, logic, and cohesivenessTotal100100A quality paper will meet or exceed all of the above requirements.