QMTH104 Quantitative Methods

COURSE:	Bachelor of Business  /  Bachelor of Accounting
Unit:	Quantitative Methods
Unit Code:	QMTH 104
Type of Assessment:	Assessment 3 – Individual Assignment (Business report)
Kent Institute Australia

Understand ethics and ethical behaviour in undertaking a statistical study.

Interpret data by using descriptive statistics.

Explain probability, probability distributions and their applications in decision making.

Explain the concepts of statistical inference and its application.

Interpret results and make decisions through the use of appropriate statistical techniques.

Assessment Task:

(Primary and/or secondary) and prepare a report describing a business problem or incident. This report should consist of (not inclusive) Abstract, Introduction, Objectives, Methodologies, Information Analysis, Findings, Recommendations, References, and Appendices.

ASSESSMENT DESCRIPTION:

In this assignment students need to write an individual business report by doing a mini survey on a good statistical question from an approachable population (need to get approval from your lecturer before you start). Firstly, need to prepare a questionnaire (survey) under the supervision of your lecturer with 10 questions (need to include both qualitative and quantitative questions). Secondly, students collect data from 20 respondents (sample size = 20) from the proposed population. Thirdly, individual responses need to be transferred into an excel spread sheet in order to summarise variables and carryout required analyses. Finally, survey results need to be reported according to the format given below.

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Reporting Format

Title page

Design a title page with an appropriate name for your business report, student name and student ID

Executive summary

Here you need to summarise the whole report findings into a smaller paragraph (need to do at the end)

Table of contents

Table of contents needs to be generated electronically in Microsoft words

Introduction

Give a brief introduction about your population and aims and objectives of the report

Method of data collection

Briefly describe about your questions, nature of your variables, who are your respondents, sampling strategy and how did you collect data. Include your data set in a form of table with this section or an appendix.

Summary of the data set

Give appropriate graphical and numerical summaries that describe your variables (Microsoft Excel can be used for this task). Also provide a brief discussion under each of your data summaries based on your judgments and compare your results with similar studies if possible.

Data analysis

Select a numerical variable from your data set and calculate the following statistics. Mean, Variance and Standard deviation (method of calculation need to be illustrated). Also provide a brief discussion under each of your findings based on your judgments and compare your results with similar studies if possible.

Hypothesis Testing

Establish a null-hypothesis and alternate hypothesis for the selected numerical variable and test it as a single tale testing (method of calculation need to be illustrated). Also provide a discussion on your test results and compare with similar studies if possible.

Conclusion and recommendations

Provide a brief overview of your collective findings and previous discussions in the report. Finally, provide several recommendations by connecting to your aims, objectives and overall findings.

List of references

Minimum five references are required for this assignment task (read ‘general notes for referencing’ below)

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