Purpose: This is a four week Team assignment where you will be required to demonstrate the research and statistical data analysis you have learned in QNT/275.
Write a 750 to 1,050 word paper about the team’s chosen problem or opportunity using one of the attached data sets for the assignment. Be sure to discuss answers to the suggested questions.
Select from the data sets such as the Global Demographics, Global Financials, MLB (baseball), Real Estate or Wages. Ensure you can collect at least 30 data points for the project.
Some questions to discuss are:
Why is this an important problem?
Adopt a premise for your research such as consultant, company, government agency, etc.
What is your well-defined research question about the problem or opportunity?
What have other sources found out about this problem or opportunity?
What factors or variables (in the chosen data set) should be considered?
Are the specific chosen data qualitative or quantitative?
What level are the data, Nominal, Ordinal, Interval or Ratio?
It may be useful to list the specific variables in a table and indicate the type and level of that data.
How will the type and level of data affect your research process and data analysis?
Format your paper consistent with APA guidelines including a reference page.
This is something that the other team member came up with, I need some help.
I am writing up a suggestion to give direction on our team assignment. These are just suggestions that are open to interpretation and input:
Name of the company: Real State Consulting Incorporated
Location of the company: New Orleans
Premise: The information obtained from public data sources are used for our real estate consultant’s to make better decisions on where to place our client’s.
Some questions to discuss are:
- Why is this an important problem?
The data is important because without it we could risk losing business by not meeting the client’s needs.
- What is your well-defined research question about the problem or opportunity?
How can we meet our client’s needs?
The opportunity is finding client’s homes that best suits their needs and budget.
- What have other sources found out about this problem or opportunity?
Our competitors have the same access to this data as we do.
- What factors or variables (in the chosen data set) should be considered?
Price, Bedroom, Size, Pool, Distance, Township, Garage, and Baths
- Are the specific chosen data qualitative or quantitative?
?????
- What level are the data, Nominal, Ordinal, Interval or Ratio?
It may be useful to list the specific variables in a table and indicate the type and level of that data.
?????
- How will the type and level of data affect your research process and data analysis?
?????
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