Qnt 561 Week 3

Assignment

Resource: Week Three Student Roadmap

Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision.

Write a 700- to 1,050-word paper, explaining your research methods and process for limiting the uncertainty in the decision.

Address the following in your paper:

• Include how you applied concepts to formulate your decision.

• Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision.

• Identify each outcome from your statistical analysis, providing rationale for each.

• Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.

• Include the decision you made based on statistical data.

Format your paper consistent with APA guidelines

.

Use whether it is feasible to implement a training program for new employees?

Content and Organization

4 Points

Paper is 750 to 1.050 Words

1. State your proposed decision

2. State appropriate probability concepts and how you applied

these to locate data and how to limit the uncertainty of the decision

3. Include a discussion of outcomes and provide a rationale for each;

discuss accuracy as well as precision that effect your decision.

4. Include your decision and summarize the results.

Organization 2 Points

The content is comprehensive, accurate, and/or persuasive.

Shows reasonable material for a decision

Mechanics 2 Points

Format and follow APA guidelines.

Imbedded Excel tables & charts are utilized

QNT/561 Student Road Map

Week Three—Student Road Map

STUDENT ROAD MAP

This Road Map will help you become familiar with the expectations of this assignment and provide some direction on how to structure it. This material is an example only, as you must research statistical data to help make a business decision. The concepts that follow focus on a personal decision of uncertainty....