The final requirement for this course is the completion of the Final Project that demonstrates your understanding of the major concepts covered over the last 7 weeks. Your project must start with an interesting and meaningful research question; use a good design for data collection; summarize the data visually, numerically, and verbally; use the data to make appropriate inferences; and reach sound conclusions about the original research question. You’ve learned a lot this year. Now it’s time to show off!
The purpose of the Final Project is for you to determine the prices for two retail establishments to learn if the item prices are lower or higher than the other retailer by using statistical testing, providing visual graphs and completing a PowerPoint presentation of your findings. You have learned and understand more than you realize about statistics and how to apply them in different situations. The Final Project is the place you put those learnings into action.
Activity Instructions
Final Project Paper Requirements: Compare the prices of not less than 30 items (minimum sample size) for two different retailers to establish if there is a statistically significant difference between the prices of items between two retailers. Be sure the sampled items are the same or like items (not necessarily the same brands, but same in product type, weight and closely related for a fair comparison) sold by each retailer.
Presentation Requirements: Students are to construct, provide and upload a Microsoft PowerPoint, presentation that provides a brief overview of the different sections of the Final Project Research Paper and of their research conclusions.
Number of Slides: A minimum of 6 slides that will include a brief summary from your Final Project Research Paper.