Data Analysis Assignment Essay
MBA6018 – Data Analysis
Unit 3 Activity 1
January 23, 2013
Practical Application Scenario 1
In 2010, Playbill Magazine contracted Boos Allen to conduct a survey aimed at determining the average annual household income of Playbill readers. 300 readers were randomly pulled and sampled from the list of customers provided by Playbill Magazine. From that sampling effort, Boos Allen was confident that the population average household income is $119,155 and that the population sample household income standard deviation is $30,000.
Two Playbill executives recently hypothesized that the average annual household income of its readership has increased and so believe that the magazine price should also increase. From a …show more content…
Step 5: Reject H0 if the pvalue is less than α. Interpret the statistical results
The pvalue of 0.00114 is less than the α value of 0.05. Therefore, H0 would be rejected at the level of significance 0.05 and the magazine price could be raised.
Inputs    Hypothesized Population Mean:  119155  Population Standard Deviation (sigma):  30000  Sample size (n):  300  Sample Mean (Xbar)  124450    Intermediate Calculations    Standard Error of the Estimate:  1732.0508  Test Statistic (z):  3.0570697    Results      One tailed, H0: Mu =>119155, p=  0.9989    One tailed, H0: Mu <=119155, p=  0.0011    Twotailed, H0: Mu = 119155, p =  0.0022 
 For the Alpha level given, H0 should be   Alpha:  0.01  0.05  0.1   not rejected  not rejected  not rejected       Rejected  Rejected  Rejected       Rejected  Rejected  Rejected 
One can be statistically confident in the conclusion to reject the null hypothesis H0 by performing calculations to derive the confidence intervals. Using the Excel function NORMSINV and inputting the necessary variables (see highlighted figures below), one can determine both the upper and lower

Financial Data Analysis
1778 Words  8 PagesRunning Head: FINANCIAL DATA Financial Data Analysis Wanda Douglas Financial Management In Health Care /HCS 577 April 02, 2012 Tricia Jenkins Financial Data Analysis Since 1975, Patton Fuller Community Hospital (PFCH) has been serving the people of the Kelsey and the surrounding communities. PFCH is a forprofit organization and is owned by physician active within the facility. Owned by the physicians active at the hospital, the organization is governed by a 14 member board of…

Mlb Regression Analysis Data
1212 Words  5 PagesData Log(Attendance) = B1wins + B2FCI + B3tktprice + B4payroll + B5state + B6earnspop In order to explain the effect that winnings percentage has on attendance, I have created an adjusted economic model that I have specified above. In order to test my economic model, I have compiled data for each of the variables specified in the model from the years 2003 to 2005. The question that I will be answering in my regression analysis is whether or not wins have an affect on attendance in Major League…

Data Analysis in the Cloud
747 Words  3 PagesV. DATA ANALYSIS IN THE CLOUD In this section we descus the expected properties of a system designed for performing data analysis at the cloud environment and how parallel database systems and MapReducebased systems achieve these properties. Expected properties of a system designed for performing data analysis at cloud: • Performance Performance is the primary characteristic of database systems that can use to select best solution for the system.High performance relate with quality, amount and…

Data Analysis For Hospitality Management
4057 Words  17 PagesData Analysis for Hospitality Management Assignment 1: Balance Scorecard of Hilton Hotels and Resorts (Front Office) Total Word Count – 2135 words (excluding figures and matrix) Table of Contents 1. Introduction 4 2. Strategic Map (Group Work) 4 3. Financial Perspective (Fanny Dewi) 5 4. Customer Perspective (Karn Kapur) 9 5. Internal Business Perspective (Kyounghee Joo) 10 6. Innovation Perspectives (Avisek Biswas) 12 7. Balanced Scorecard (Summary) (Group Work) 14 8. Conclusion…

Applications for Big Data Analysis
1806 Words  7 Pagesgrowth in data volume. Every day people create unstructured large datasets of different types such as GPS coordinates, payment transactions, web data, emails or smart meter values that are termed as "big data" \cite{nasscom}. The need to derive useful information from such data requires the development of specific tools that are based on techniques as data mining, statistics, artificial intelligence, neural networks and other advanced analytics methods \cite{russom}. The analysis of big data is widely…

_x000C_Introduction to Statistics and Data Analysis
355457 Words  1422 PagesIntroduction to Statistics and Data Analysis This page intentionally left blank Introduction to Statistics and Data Analysis Third Edition Roxy Peck California Polytechnic State University, San Luis Obispo Chris Olsen George Washington High School, Cedar Rapids, IA Jay Devore California Polytechnic State University, San Luis Obispo Australia • Brazil • Canada • Mexico • Singapore • Spain • United Kingdom • United States Introduction to Statistics and Data Analysis, Third Edition Roxy Peck, Chris…

Data Base Assignment
1117 Words  5 PagesCustomersubtotal < 1000 and Customersubtotal > 500; 5. (15 pts) What are our gross revenues per month? Perform this calculation for the eight months contained within the data set (July 1996  February 1997). If the data set contained multiple years of order detail, what would be the code to calculate average revenues per month (for example, if the data set contained 5 years of order detail, how would you find the average revenues for January, February, March, April, etc. for those 5 years)? Gross Revenue…

Data Analysis Assignment Essay
2408 Words  10 PagesAmanda Mueller MBA6018 – Data Analysis Unit 3 Activity 1 January 23, 2013 Practical Application Scenario 1 In 2010, Playbill Magazine contracted Boos Allen to conduct a survey aimed at determining the average annual household income of Playbill readers. 300 readers were randomly pulled and sampled from the list of customers provided by Playbill Magazine. From that sampling effort, Boos Allen was confident that the population average household income is $119,155 and that the population…

Data Analysis
1224 Words  5 PagesData Table Analysis LeKane Gilling ACC/542 March 13, 2014 Brad Thompson Abstract In this brief, data tables will be analyzed because it can be critical to the accounting cycle. With accurate data that is informing, Kudler Fine Foods ought to be able to make more practical business decisions. With Kudler Fine Foods using data table to order, keep inventory, and to process their products, they can become more successful and on top of the food industry. As a company, Kudler needs to evaluate…

Data Analysis and Data Modeling in Visio
1064 Words  5 PagesLab – Data Analysis and Data Modeling in Visio Overview In this lab, we will learn to draw with Microsoft Visio the ERD’s we created in class. Learning Objectives Upon completion of this learning unit you should be able to: ▪ Understand the concept of data modeling ▪ Develop business rules ▪ Develop and apply good data naming conventions ▪ Construct simple data models using Entity Relationship Diagrams (ERDs) ▪ Develop entity relationships and define various types of…
More about Data Analysis Assignment Essay

Financial Data Analysis
1778 Words  8 Pages 
Mlb Regression Analysis Data
1212 Words  5 Pages 
Data Analysis in the Cloud
747 Words  3 Pages 
Data Analysis For Hospitality Management
4057 Words  17 Pages 
Applications for Big Data Analysis
1806 Words  7 Pages 
_x000C_Introduction to Statistics and Data Analysis
355457 Words  1422 Pages 
Data Base Assignment
1117 Words  5 Pages 
Data Analysis Assignment Essay
2408 Words  10 Pages 
Data Analysis
1224 Words  5 Pages 
Data Analysis and Data Modeling in Visio
1064 Words  5 Pages