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1- How do dependent and independent samples differ? Give two examples of dependent samples as they may occur in a business or industry that is familiar to you. Some people use the term paired samples instead of dependent samples.

2 - What is the importance of using STOH in solving problems related to business and operations management? Provide specific examples (preferably from your experience area. Clearly state the null and alternative hypothesis.

3 - Why is the ANOVA (one factor and two factors) important? How can it be used in your profession? Provide examples. Indicate the factors (treatments) and state the hypotheses tested.

4 -What are examples (at least 2) where non-parametric tests are used to analyze business or operations management related problems in general and why use non-parametric tests instead of parametric tests? Provide examples and explain what you are looking for when you conduct these tests. Examples

5. Conduct one- and two-sample tests of hypotheses.

â?¢ What are the most important concepts you have learned from conduct one-and two-sample tests of hypotheses?

â?¢ What would you recommend to your management/leadership based conduct one-and two-sample tests of hypotheses?

â?¢ How will conduct one-and two-sample tests of hypotheses impact you personally and professionally?

â?¢ What are the value-added conduct one- and two-sample tests of hypotheses or what difference can these concepts make to your organization? (e.g., financial savings, productivity improvements, expanded marketing activities).

Solution Preview

1- How do dependent and independent samples differ? Give two examples of dependent samples as they may occur in a business or industry that is familiar to you. Some people use the term paired samples instead of dependent samples.

Dependent samples rely on the independent variable within the given study; however, independent samples are what the research is all about at that given time. For example, one will use a dependent sample in the education setting by means of having one group that is the experiment and the other that is not. This is something that a medical professional would use when it comes to trying to decide if a drug is appropriate or not for a patient with cancer. An independent sample is that of when trying to do a focus group in a business and a small portion come to participate in the study at that time.

2 - What is the importance of using STOH in solving problems related to business and operations management? Provide specific examples (preferably from your experience area. Clearly state the null and alternative hypothesis.

The importance of using STOH in solving problems related to business and operations helps one immensely. One is able to use this formula in order to have a ...

Solution Summary

This solution discussed depdendent and independent samples, STOH, ANOVA, non-parametric tests and a two-sample test.

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