Subject Code : BUS708
Country : Australia
Assignment Task:

1. OVERVIEW OF THE ASSIGNMENT:

This assignment will test your skill to present and summarise data as well as to make basic statistical inferences in a business context. You will use the results and any feedback is given in Assignment 1 (Assessment 3, Excel Report) and produce a single report in a word document. You will need to construct interval estimates, perform suitable hypothesis tests and regression analysis and make conclusion and suggestion for management action.
 
Your report should be written in a word document and should be submitted to Turnitin following the requirement explained below.

2. TASK DESCRIPTION:

There are two datasets involved in this assignment: Dataset 1 and Dataset 2, which are the same datasets used in Assignment 1 (Excel Report). All data processing should be performed in Excel or Starkey. Specific instruction as to which tools should be used for each section will be given during tutorials.
 
Your tasks are to answer the following research questions given in Section 2 to Section 6 below using dataset 1 or dataset 2 as indicated in each section. To answer each question, you will need to first present the relevant numerical summary (summary statistics) and graphical display and perform suitable statistical analysis to provide a statistical conclusion.
 
1. Section 1: Introduction

Provide a brief and clear introduction about the report (e.g. the objective of the report, the datasets involved, etc.). Find relevant articles (minimum one article, maximum 3 articles) and write a proper literature review which includes an in-text citation.

2. Section 2: Is 40% a plausible value for the proportion of private room in Airbnb room type?

Using Dataset 1, first provide both numerical summaries as well as a graphical display that easily shows the proportions of different room types. Then construct a 95% confidence interval of the population proportion of private rooms. Finally, answer the research question using the confidence interval. 

3. Section 3: After an iteration of outlier removal, is the price of the private room more than $70?
 
4. Section 4: Is there a difference in availability in the next 365 days between different room type? 
 
5. Section 5: Can we predict the price of the accommodation using the longitude of the property? 

6. Section 6: Is there any relationship between gender and room type accommodation? 


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  • Posted on : February 03rd, 2019
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