Business Statistics Project

Select a population that you are interested in analyzing its characteristics (e.g., furniture manufacturers in US, private high schools in NJ, Flat Screen TVs sold to consumers in US in 2017).

Select 6 variables of this population, 2 of which should be qualitative and 4 should be quantitative,

Select a sample of 100 items from this population and record the value of the variables in an excel spreadsheet. As you are not required to conduct an actual survey, you may make up the values for these variables and enter into the spreadsheet,

Using the tools/charts/tables we discussed in class, organize/summarize these variables and explain what significant information may be observed using the summary of the data. You need to select the appropriate tool/chart/table to summarize these variables, based on material presented in class.

Using excel, prepare the simple linear regression analysis for your data and explain the result.

Using excel, prepare the multiple linear regression analysis for your data and explain the result.

We will discuss, in class, additional regression analysis that you can perform for this project.

Last Updated on February 11, 2019