Part 1. Using the issue or problem chosen in Week 2 and developed in week 3, address the inferential potential
Part 1. Using the issue or problem chosen in Week 2 and developed in week 3, address the inferential potential of the experiment. What variable(s) are being studied? Is the study exploratory or confirmatory? Would confidence intervals or hypothesis test be appropriate, or both?
Assess the problem scenario for the desired end-result. Are you trying to estimate a population parameter , such as the mean, or are you trying to confirm some claim by your company (or some other company)?
Are you making assumptions about your data? Do you need to test assumptions? Is the sample size an issue, and is a large sample economically feasible? Do you have questions about some of these issues?
Deliverable: Word Document
