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STAT1060 Business Decision Making

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Task:

Question 1: SHORT-ANSWER QUESTIONS Answer the following questions: aDiscuss the factors that are used to assess the quality of the research process. b) [6 marks] Outline the criteria used to evaluate information sources.

Question 2 

A study in jobs and productivity was undertaken in the banking industry to see how they rated. In order to answer this question a random sample of banking employees was obtained from various banking organisations and the data was measured in terms of annual profits per employee (in units of one thousand dollars per employee). A claim was made that the annual profits per employee in the banking industry is $40.0 (in units of one thousand dollars). 

The following Excel output is given for the data.

a) Use the Excel outputinFigure 1 above tocalculate the 95% confidence interval for the population mean annual profits per employee (recorded in thousands of dollars).

 b) What assumptions need to be met for this interval to be valid? Have the assumptions been met for this interval? Explain why.

 c) Interpret the 95% confidence interval (i.e., give a statement) relating it to the context of the scenario. Ensure you appropriately and accurately word your response. 

d)Using the 95% confidence interval, test the claim that the population mean annual profits per employee is $40.0 (recorded in thousands of dollars).

STAT1060 Business Decision Making

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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BSBSUS501 Develop Workplace Policy and Procedures for Sustainability Term 4,2020 Advanced Diploma of Business BSBSUS501 Develop Workplace Policy and Procedures for Sustainability Version 1.0 October 2019 Prepared By @MMK • Scope refers to how broadly the policy will apply within y ...

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Accountability And The Role Of Public Sector Boards

187 Policy & Politics • vol 47 • no 1 • 187–206 • © Policy Press 2019 Print ISSN 0305 5736 • Online ISSN 1470 8442 • https://doi.org /10.1332/030557318X15296526490810 Accepted for publication 10 April 2018 • First published online 10 July 2018 research provocations Governance, ...

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