# ACC544- Decision Support Tools- Statistics Report Writing Assignment

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Internal Code: MAS546

## Report Writing Assignment:

**Task 1:**Question 1: Probability Show all calculations/reasoning. (a) Describe the classical method of determining probability. Give an example. (b) What is the difference between a discrete probability distribution and a continuous probability distribution? Give your own example of each. (c )Consider the following record of sales of lottery tickets for the last 50 days.- What was the probability of selling 9 or 10 units on any one day?
- What were the average daily sales?
- What was the probability of selling 10 or more?
- What was the probability of selling 11 or less?

- The probability that any person selected at random from the population is a male.
- The probability that any person selected at random from the population is aged between 25 and 54.
- The joint probability that any person selected at random from the population is a female and aged between 15 and 24.
- The conditional probability that any person selected at random from the population is 25 or over given that the person is a male.

**Task 2:**The following collaborative research project requires you work in groups, each consisting of approximately 5 students. Please confirm your group composition with your lecturer. You and a group of investors are interested in setting up a chain of child care centres in a number of Local Government Areas in Australia. In order to do this successfully you need to ensure that the regions you choose will support your business over the next 10 years. Your minimum criteria are: 1. enough adults who are likely to have children (24-35) 2. these adults have the funds to pay for child care (how you identify that is up to you but you need to document this criteria) 3. enough children of child care centre age (0-5). These are the minimum criteria – you should identify some more that you can use in this business decision. Your task is to prepare a report to be presented to your co-investors which identifies two (2) Local Government Areas in Australia which meet your criteria. Your report should demonstrate how these Local Government Areas meet the minimum criteria above and additional criteria which you have identified. You should also identify additional statistical information that is required before a final decision is made to start building the first child care centre. Your report should be professionally presented and contain appropriate references. You can select whether your group will present in a written report or make a Power-point presentation to the class. Doing a presentation to the class is a great way to gain confidence and experience in talking to large audiences. Making presentations and working in teams are important professional skills and are required in Masters level courses.