INDIVIDUAL ASSIGNMENT

<ALYF 602: STATISTICAL ANALYSIS>

In this assignment, you will practice methods you learned in class for
descriptive and inferential statistical analyses. The lecture slides and other
sources on statistical analysis can help providing examples of how to report
results of a correlation or inferential test. The expected outcome of this
assignment is a four-page write-up.
ASSIGNMENT: Formulate a simple research problem (question) from
your area of interest and select a variable or variables that quantitatively
measure the concept or concepts in the question. Explain the variables and
the limitations of using the variables. Identify two variables for which you
could calculate a Spearman’s correlation coefficient. Describe the variables
and their scale of measurement. Now, assume you conducted a correlation
and came up with a significant positive or negative value. Create a mock r
value (for example, 0.3 or -0.2). Report your mock finding and interpret the
statistic in terms of effect size and R2 while also taking into account the third
variable problem as well as direction of causality.
What can you conclude about your research question based on your results?
Provide a clear conclusion in a business way of thinking; and provide
suggestions to business decision makers based on the findings obtained.

Submit your assignment on or before 2ND February, 2023