Part A: Description of Business Context

Write a brief summary of the business context (e.g., manufacturing, marketing, finance, etc.) including the name of the company or organization - President retail market store based in Miami

Part B: Problem/Issue

State the business problem/issue to be addressed using statistics and why this problem/issue is important to the company/organization.

Part C: Statistical Procedure

Explain the statistical procedure (NOTE: Focus on ONE statistical procedure only)

1. Independent variable:

a) What is the variable:

b) How it is measured, i.e. what units or categories are used (e.g., revenue measured in “dollars”; height measured as “short, average, tall”)

c) Level of measurement (nominal, ordinal, interval, or ratio):

2. Dependent variable:

a) What is the variable:

b) How it is measured, i.e. what units or categories are used (e.g., revenue measured in “dollars”; height measured as “short, average, tall”)

c) Level of measurement (nominal, ordinal, interval, or ratio):

3. Name of the procedure/formula (e.g., ANOVA, Chi-Square, Hypothesis Test using z formula, Regression Analysis, etc.).

4. Describe the statistical rationale/justification for choosing this procedure/formula:

5. Describe how the data are collected by the business/organization:

6. Describe how the data are analyzed (i.e., identify the steps in the statistical procedure):

Part D: Decision/Interpretation

Explain the type of business decision that the company/organization would make as a result of this statistical analysis.

**Subject Mathematics General Statistics**