Applied Management Statistics Task brief
· Wordcount: no specific word limit. All questions should be answered.
· Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
· Font: Arial 12,5 pts.
· Text alignment: Justified.
· The in-text References and the Bibliography have to be in Harvard’s citation style.
Submission: Week 10 – Via Moodle (Turnitin). You have 2 hours to complete this assignment.
Weight: This task is a 10% of your total grade for this subject.
It assesses the following learning outcomes:
· Ability to construct the confidence interval estimate in abstract settings
· Ability to use Central Limit Theorem
· Ability to construct the confidence interval for real-life problems
Question 1 (40 points):
The sample mean is 125, standard deviation 24, and the sample consists of 36 observations.
Construct 99% confidence interval estimate for the population mean (mu).
Question 2 (60 points):
Below you can find the sample of paychecks (in USD) of 9 customers of the popular fast-food restaurant.
|Exceptional 90-100||Good 80-89||Fair 70-79||Marginal fail 60-69|
|Knowledge & Understanding (20%)||Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner.||Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary.||Student understands the task and provides minimum theory and/or some use of vocabulary.||Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary.|
|Application (30%)||Student applies fully relevant knowledge from the topics delivered in class.||Student applies mostly relevant knowledge from the topics delivered in class.||Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident.||Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident.|
|Critical Thinking (30%)||Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors.||Student critically assesses in good ways, drawing conclusions from relevant authors and references.||Student provides some insights but stays on the surface of the topic. References may not be relevant.||Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources.|
|Communication (20%)||Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck||Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck||Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident.||Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident.|