52937 – Assessment 4Assessment type: Inferential Statistics Report

Assessment 4
Assessment type: Inferential Statistics Report – Individual assignment
Assessment purpose: To allow students to demonstrate an understanding of statistical analysis by making basic statistical inferences and interpret the results in a business context. This assessment contributes to learning outcome b, c, and d.
Value: 15% Due Date: Week: 11
Assessment topic: Sydney Airbnb
Task details: Students will use the results and any feedback given in Assessment 3 to make basic statistical inferences and interpret the results. This include constructing hypotheses suitable for a specific business problem and test them using the data in hand. Students will also need to make suggestions for management action as well as further research.
Submission requirements details: Report in a Word Document ± 1500 words – uploaded to KOI’s Moodle subject homepage.

BUS708 STATISTICS AND DATA ANALYSIS T319 16/10/2019 15:02 PAGE 11 OF 15
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Marking Rubric for BUS708 Statistics and Data Analysis Assessment 4: 15%

Criteria
Research (15 marks)

Fail
(0-49%)
Poor ability to find relevant articles and to incorporate it on the report. Incorrect or no citation.

Pass
(50-64%)
Average ability to find
somewhat relevant articles and to incorporate it on the report which include mostly correct citation.

Credit
(65-74%)
Sound ability to find relevant articles and to properly incorporate it on the report which include mostly correct citation.

Distinction
(75-84%)
Excellent ability to find relevant articles and to properly incorporate it on the report which include correct citation.

High Distinction
(85-100%)
Outstanding ability to find relevant articles and to properly incorporate it on the report which include correct citation.

Data Presentation (20 marks) Incorrect and/or incomplete numerical summaries and graphs are presented Mostly correct numerical summaries and graphs are presented but some elements are missing Correct numerical summaries and graphs are presented but some elements are missing Correct numerical summaries and graphs are presented with complete elements Outstanding presentation of correct numerical summaries and graphs with complete elements
Inferential Statistics (40 marks) Does not use correct and complete statistical methods to make inferences. Does not make relevant and correct conclusions about business data. Uses basic statistical methods to make inferences, but use it as the basis for tentative, basic judgments, is hesitant or uncertain about drawing conclusions from this work to solve business problem. Uses mostly correct and complete statistical methods to make inferences. Makes mostly relevant and correct conclusions to solve business problems. Uses correct and complete statistical methods to make inferences. Makes mostly relevant and correct conclusions to solve business problems. Uses correct and complete statistical methods to make inferences. Makes sophisticated, relevant and correct conclusions to solve business problems.

Conclusion and Recommendation
(15 marks)
Written Presentation (10 marks)
Total mark out of 100
Assessment mark
_____ / _____
Unclear conclusion. Does not suggest further research and management action.
Unclear and poorly structured written expression with many errors.

Mostly clear but incomplete conclusion which includes some findings. Suggests further research and management action, but unclear.
Clear and reasonably structured written expression with some errors.

Mostly clear and complete conclusion which includes most findings. Suggest reasonable further research and management action
Clear and mostly well-structured written expression with a few errors.

Clear and comprehensive conclusion which includes most findings. Suggest further research and management action.
Excellent, well-structured, and advanced level of written expression with very few errors.

Clear and comprehensive conclusion which includes all findings. Suggest further research and management action with a clear discussion.
Outstanding, well-structured, and professional level of written expression. No errors.

BUS708 STATISTICS AND DATA ANALYSIS T319 16/10/2019 15:02 PAGE 12 OF 15
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A