Week 3 Assignment 1: The Foundations of Data-Driven Decisions
Due: Week 3
Points: 85
Skill Being Assessed: Problem Solving – Data Analysis (Mathematical Reasoning)
What to Submit/Deliverables: Word Document uploaded to the Blackboard Assignment
What is the value of doing this assignment? You’ll practice your problem-solving skill by identifying foundational statistical concepts and explaining how data-driven decision-making can help inform real-world problems. This will provide you with a solid foundation that will help you to not only be successful in this course but to learn to make smarter, data-driven decisions in your personal and professional life.
Your goal for this assignment is to: Practice your problem-solving skill by answering questions about statistical concepts and the benefits and uses of data-driven decision-making.
Steps to Complete:
STEP 1: Answer the questions below in a Word document.
STEP 2: Save and submit your Word document in the Assignment link in the Week 3 Submit page in BlackBoard.
1. Describe the difference between descriptive and inferential statistical methods and give an example of how each could help you draw a conclusion in the real world.
2. You would like to determine whether eating before bed influences sleep patterns. List each step you would take to conduct a statistical study on this topic and explain what you would do to complete each step. Then, answer the questions below:
3. A company that sells tea and coffee claims that drinking two cups of green tea daily has been shown to increase mood and well-being. This claim is based on surveys asking customers to rate their mood on a scale of 1–10 after days they drink/do not drink different types of tea. Based on this information, answer the following questions:
4. Identify two examples of real-world problems that you have observed in your personal, academic, or professional life that could benefit from data-driven solutions. Explain how you would use data/statistics and the steps you would take to analyze each problem. You may also choose topics below (or examples from the weekly content) to help support your response:
5. Explain how analyzing data on these real-world problems aids in problem solving and drawing conclusions. Be sure to note at least two of the value and benefits of data-driven decision making.


We have an Answer from Expert
Buy this answer $20 Place Order