BUS308 Week 2 Discussion Answer

$5

Hypothesis Testing: Case Problem PAR Inc. [WLOs: 1, 2, 3] [CLOs: 1, 2, 3, 4]

Description

BUS308 Week 2 Discussion Answer

Prior to beginning work on this discussion forum, watch the Week 2 Introduction (Links to an external site.) video, and read Chapters 9 and 10 in the MindTap ebook by clicking on the Getting Ready link for each perspective chapter.

Step 1: Read:

Step 2: Do:

In a managerial report, use the methods of hypothesis testing to

  • Formulate and present the rationale for a hypothesis test that Par could use to compare the driving distances of the current and new golf balls.
  • Analyze the data to provide the hypothesis testing conclusion. What is the p-value for your test? What is your recommendation for Par, Inc.?
  • Provide descriptive statistical summaries of the data for each model.
  • Explain what the 95% confidence interval is for the population mean driving distance of each model, and explain what the 95% confidence interval is for the difference between the means of the two populations.
  • Discuss whether you see a need for larger sample sizes and more testing with the golf balls.

Step 3: Discuss

Based on your hypothesis testing conclusion, what are your recommendations for Par, Inc? Support your recommendations with findings from your managerial report.

BUS308 Week 2 Discussion Answer. Guided Response: Review several of your peer’s posts. In a minimum of 100 words each, respond to at least two of your fellow students’ posts in a substantive manner, and provide information that they may have missed or may not have considered regarding the application of hypothesis testing in business and economics. Do you agree with their conclusions? Why or why not?

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