Business Decision Analysis: Furniture Fire Case (Data Statistics)
Budget: $10 – $30 USD
About Assignment A3.1 - Making Business Decisions: The Furniture Fire Case
Welcome to the course final project!
This week, you will be presented with a case study and will have to calculate probability based on a dataset. This task must be done individually, and you will turn in a report that will be worth 60 percent of your final grade.
To complete the project, we recommend you do the following:
1. Make sure that you have watched all of the lessons and gone through all the material from the course.
2. Read through the instructions and rubric carefully.
3. Write up a report that presents the results of your analysis and states your opinion regarding fraud. Describe the assumptions and methodology you used to reach your conclusions.
4. Turn it in by uploading a PDF or Word document to Canvas.
Good luck!
In this individual assignment, you will be presented with a case study and have to calculate probability based on a dataset. To complete this task, you will need to download the following documents:
Assignment InstructionsDownload Assignment Instructions
Furniture Fire DatasetDownload Furniture Fire Dataset
Follow the instructions and submit your answer along with how you arrived there.
Rubric
Week 3 Assignment Rubric
Week 3 Assignment Rubric
Criteria Ratings Pts
Consideration of correct assumptions 25 pts Full Points You correctly identify and consider the relevant assumptions associated with the analysis.
15 pts Pass You identify and consider some relevant assumptions but may miss a few key points.
5 pts Fail Your consideration of assumptions is limited, and you overlook significant assumptions. 25 pts
Statistical and graphical examination 25 pts Full Points You perform a comprehensive statistical and graphical examination of the data, providing well-labeled and interpreted visualizations and appropriate descriptive statistics.
15 pts Pass You conduct a reasonable statistical and graphical examination, providing most visualizations and descriptive statistics with some labeling and interpretation.
5 pts Fail Your statistical and graphical examination is somewhat limited, with a lack of detail in visualizations and interpretations. 25 pts
Probability calculation 25 pts Full Points You accurately calculate probabilities related to the data analysis, demonstrating a deep understanding of probability theory and its application.
15 pts Pass You calculate probabilities reasonably well, with a good understanding of probability theory and application.
5 pts Fail Your probability calculations are somewhat accurate, with some errors or limited understanding of probability theory. 25 pts
Conclusion 25 pts Full Points You write a clear and well-supported conclusion based on the analysis of data, assumptions, statistical examination, and probability calculations. Your conclusion ties all the elements together effectively.
15 pts Pass You write a reasonable conclusion based on the analysis but may lack some support from the components of the analysis.
5 pts Fail Your conclusion is somewhat unclear or lacks strong support from the components of the analysis. 25 pts
My goal to meet the rubric and my score will 100%, no AI, 5 times revisions allow, create milestone last pay will be after i happy for your input, evaluation will be after great released.
Welcome to the course final project!
This week, you will be presented with a case study and will have to calculate probability based on a dataset. This task must be done individually, and you will turn in a report that will be worth 60 percent of your final grade.
To complete the project, we recommend you do the following:
1. Make sure that you have watched all of the lessons and gone through all the material from the course.
2. Read through the instructions and rubric carefully.
3. Write up a report that presents the results of your analysis and states your opinion regarding fraud. Describe the assumptions and methodology you used to reach your conclusions.
4. Turn it in by uploading a PDF or Word document to Canvas.
Good luck!
In this individual assignment, you will be presented with a case study and have to calculate probability based on a dataset. To complete this task, you will need to download the following documents:
Assignment InstructionsDownload Assignment Instructions
Furniture Fire DatasetDownload Furniture Fire Dataset
Follow the instructions and submit your answer along with how you arrived there.
Rubric
Week 3 Assignment Rubric
Week 3 Assignment Rubric
Criteria Ratings Pts
Consideration of correct assumptions 25 pts Full Points You correctly identify and consider the relevant assumptions associated with the analysis.
15 pts Pass You identify and consider some relevant assumptions but may miss a few key points.
5 pts Fail Your consideration of assumptions is limited, and you overlook significant assumptions. 25 pts
Statistical and graphical examination 25 pts Full Points You perform a comprehensive statistical and graphical examination of the data, providing well-labeled and interpreted visualizations and appropriate descriptive statistics.
15 pts Pass You conduct a reasonable statistical and graphical examination, providing most visualizations and descriptive statistics with some labeling and interpretation.
5 pts Fail Your statistical and graphical examination is somewhat limited, with a lack of detail in visualizations and interpretations. 25 pts
Probability calculation 25 pts Full Points You accurately calculate probabilities related to the data analysis, demonstrating a deep understanding of probability theory and its application.
15 pts Pass You calculate probabilities reasonably well, with a good understanding of probability theory and application.
5 pts Fail Your probability calculations are somewhat accurate, with some errors or limited understanding of probability theory. 25 pts
Conclusion 25 pts Full Points You write a clear and well-supported conclusion based on the analysis of data, assumptions, statistical examination, and probability calculations. Your conclusion ties all the elements together effectively.
15 pts Pass You write a reasonable conclusion based on the analysis but may lack some support from the components of the analysis.
5 pts Fail Your conclusion is somewhat unclear or lacks strong support from the components of the analysis. 25 pts
My goal to meet the rubric and my score will 100%, no AI, 5 times revisions allow, create milestone last pay will be after i happy for your input, evaluation will be after great released.