2024 – Project Objective The objective of this capstone project is to provide you with an opportunity to employ in practice

Capstone Project – 2024

Project Objective:

The objective of this capstone project is to provide you with an opportunity to employ in practice the statistical tools and concepts you have learned in this statistics course and to further help in cementing these ideas into part of your skill set as a successful business manager.

Like all real world applications, it is not expected that through the completion of this project you will have utilized every statistical technique that you have learned in this class.  Rather, an objective of the assignment will be for you to determine which of the statistical tools and techniques are appropriate to employ for the situation you have selected. However, in this particular case you will be utilizing things like descriptive statistics, computing a confidence interval (at confidence level of your choosing) and then conducting an appropriate hypothesis test (at alpha level of your choice).

Project Description

 You are the chief analyst for a medium-sized company.  An executive hands you a data set and asks you how this data set can be used to improve the business.  The executive knows it can help somehow but wants someone to think through it first.

It might make sense to dream up an imaginary for-profit or non-profit business and a business plan or process that could be impacted by the dataset you have selected.

You will write up a short report of your findings.  Your team will also make a short presentation of your sources, methods and findings in front of the class.

Teams

You can work in teams of up to four individuals and collect data and submit this report. Be creative.

Guidelines for Selecting a Project

The following points will constitute critical success factors for your project. Please pay close attention to these points as they will be used as guidelines for grading your project. The final report should be presented in a professional format using the style and format prescribed below.

  • Use good data A data set that comes from a trustworthy source, has a variety of data types (ordinal, interval, ratio) and a unique and interesting subject matter. It must also be publicly available or licensed for academic use.
  • Make it easy to understand Try to distill the main findings down to a short, punchy statement that you can lead the class to be interested in your work.
  • Apply your learnings from the class Specifically use formulas and vocabulary from the class to describe your work
  • Conduct a hypothesis test Although you may not know right now what that means, pay special attention to chapters 8 & 9 when we get close.
  • Be professional This is a chance to produce interesting work that a future employer might be interested in.

Tools and Resources:

  • Use Excel to conduct your analysis for computing descriptive statistics, confidence intervals, hypothesis testing, p-values etc., but make sure to describe it in English as to what is going on and what the output means.
  • You may use any data visualization tools besides excel to display charts
  • Applying what you learned from each chapter is a good way to understand the data and discover something interesting for a business case. You will be given some time in class to do this.

Report Writing

Your report needs to leave a professional business impression in both writing quality and its physical appearance. Do not try to make it unnecessary long by leaving lots of white space or large font size. At the same time you must not leave out vital information from it. Most of all it should be:

  • Free of spelling and grammar errors.
  • Single space with a 12-point font size
  • You should have a cover page with your name(s) and relevant class information and the title of your project.
  • You should have a page of Executive Summary in which you briefly describe what you were trying to accomplish, what you did, how you did it, what you found and what your recommendations and conclusions are. This page is at the front of the report but is usually written last.
  • You should have an analysis section with Excel output and description in English what you are doing, which equations you used and why and most importantly what do the answers imply.
  • You should have a conclusion page describing what your results mean and if any inferences should be drawn from them.

Other related tidbits

  • You can have teams of up to four students.
  • The credit will be applied to your overall points earned in the class. All members of the team get same amount of credit. Unless it becomes obvious that a certain member did not contribute.
  • Please check the due date in your class calendar above.
  • Feel free to ask any questions.
  • The Cornell Science Rubric is a good guideline to follow to produce a high-quality report that will receive a good grade.

 

Rubric

Cornell Science Rubric
Cornell Science Rubric

CriteriaRatingsPts

Title Page
Title Your Name, Teacher’s Name, Course Period, Date, Neatly finished-no errors

15.0 pts

Evidence of 4

9.0 pts

Evidence of 3

6.0 pts

Evidence of 2 or less

3.0 pts

Absent

0.0 pts

15.0 pts
Thesis Statement
Clearly and concisely states the paper’s purpose in a single sentence, which is engaging, and thought provoking.

15.0 pts

Clearly states the paper’s purpose in a single sentence.

9.0 pts

States the paper’s purpose in a single sentence.

6.0 pts

Incomplete and/or unfocused.

3.0 pts

Absent

0.0 pts

15.0 pts
Introduction
The introduction is engaging, states the main topic and previews the structure of the paper.

15.0 pts

The introduction states the main topic and previews the structure of the paper.

8.0 pts

The introduction states the main topic but does not adequately preview the structure of the paper.

4.0 pts

There is no clear introduction or main topic and the structure of the paper is missing.

2.0 pts

Absent

0.0 pts

15.0 pts
Body
Each paragraph has thoughtful supporting detail sentences that develop the main idea.

15.0 pts

Each paragraph has sufficient supporting detail sentences that develop the main idea.

8.0 pts

Each paragraph lacks supporting detail sentences.

4.0 pts

Each paragraph fails to develop the main idea.

2.0 pts

Absent

0.0 pts

15.0 pts
Organization-Structural Development
Writer demonstrates logical and subtle sequencing of ideas through well-developed paragraphs; transitions are used to enhance organization.

15.0 pts

Paragraph development present but not perfected.

12.0 pts

Logical organization; organization of ideas not fully developed.

10.0 pts

No evidence of structure or organization.

8.0 pts

Absent

0.0 pts

15.0 pts
Conclusion
The conclusion is engaging and restates the thesis.

15.0 pts

The conclusion restates the thesis.

14.0 pts

The conclusion does not adequately restate the thesis.

12.0 pts

Incomplete and/or unfocused.

8.0 pts

Absent

0.0 pts

15.0 pts
Mechanics
No errors in punctuation, capitalization and spelling.

15.0 pts

Almost no errors in punctuation, capitalization and spelling.

8.0 pts

Many errors in punctuation, capitalization and spelling.

6.0 pts

Numerous and distracting errors in punctuation, capitalization and spelling.

4.0 pts

Absent

0.0 pts

15.0 pts
Usage
No errors sentence structure and word usage.

15.0 pts

Almost no errors in sentence structure and word usage.

12.0 pts

Many errors in sentence structure and word usage.

10.0 pts

Numerous and distracting errors in sentence structure and word usage.

8.0 pts

Absent

0.0 pts

15.0 pts
Citation
All cited works, both text and visual, are done in the correct format with no errors.

15.0 pts

Some cited works, both text and visual, are done in the correct format. Inconsistencies evident.

8.0 pts

Few cited works, both text and visual, are done in the correct format.

6.0 pts

Few cited works, incorrect format

4.0 pts

Absent

0.0 pts

15.0 pts
Bibliography
Done in the correct format with no errors. Includes more than 5 major references (e.g. science journal articles, books, but no more than two internet sites. Periodicals available on-line are not considered internet sites)

15.0 pts

Done in the correct format with few errors. . Includes 5 major references (e.g. science journal articles, books, but no more than two internet sites. Periodicals available on-line are not considered internet).

8.0 pts

Done in the correct format with some errors. Includes 4 major references (e.g. science journal articles, books, but no more than two internet sites. Periodicals available on-line are not considered internet).

6.0 pts

Done in the correct format with many errors. Includes 3 major references (e.g. science journal articles, books, but no more than two internet sites. Periodicals available on-line are not considered internet sites.)

4.0 pts

Absent

0.0 pts

15.0 pts
Total Points: 150.0
 

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