Respond to weekly discussion questions. Calculate standard error of mean and make an inference about the accuracy of the mean by analyzing problem 4.164 in Statistics for Business and Economics. Resources: Table IV in Appendix B of Statistics for Business and Economics Demonstrate how to find the area under the normal curve.
Determine the associated probability with z-score = 1.96. Open Table IV Under Curve areas and find .475. Find the same information by working the problem backwards, starting with the alpha (significance level). Complete the assigned problems in MyStatLab®.
Note: You will NOT have an unlimited number of attempts to answer each problem correctly.
Using the Ballard Integrated Managed Services, Inc., (BIMS) case study overview:
Revise the report submitted in Week Two based on the feedback provided by the instructor in the Learning Team assignment, and insight gained by reading.
Analyze the data included in BIMS case study Part 1 by computing descriptive statistics in the form of tables, charts, measures of central tendency, and variability.
Prepare a 1,050- to 1,750-word report of conclusions drawn from the data and make recommendations to the management.
Support recommendations by citing literature consistent with APA guidelines.