TOM 3020 Project
Overview of the Class Project
TOM 3020 Managerial Statistics is a course focused on the application of statistical methods to support business decision-making, covering topics such as data collection, confidence interval estimation for means and proportions, hypothesis testing for one and two populations, one-way and two-way chi-square tests, simple and multiple linear regression, and analysis of variance. This semester, in Dr. Scott Little's class, students were required to complete a class project based on their lab assignments at the end of the semester. The labs were conducted using the Excel-free statistical data analysis tool. The project is a story with a common theme that runs through each lab and ties them together. This is a chance for the students to be creative, communicate their findings, and apply their knowledge to a hypothetical but realistic problem. It is also practiced in presenting their analysis findings clearly and in an organized manner.
For this Fall 2024 Semester, my students created a story on the World Series between the LA Dodgers and the New York Yankees, a timely subject. They included some animation on the slides.
Detailed Lab Analysis
Lab 01: Hypothesis Testing
The hypothesis test was based on mean rest days between games for full performance. They did not reject the null hypothesis, so there was no significant difference from the average of 4.5 days’ rest.Lab 02: Chi-Squared Analysis
The Chi-Squared analysis was based on whether players performed better due to pressure and if they had more hits. They did not reject the null, which indicated that players did not perform significantly better on high-pressure days.Lab 03: Simple Linear Regression
This analysis tested if a significant linear relationship exists between the number of strikeouts and the total pitches pitched. They did reject the null, so there was an important relationship.Lab 04: Multiple Regression
In this lab, students analyzed if there is a significant relationship between Yankees & Dodgers ads and tickets sales. They rejected the null hypothesis, confirming a significant relationship.Lab 05: Analysis of Variance (ANOVA)
This lab compared the mean ticket sales using three online ad campaigns during the World Series — Video, Search Engine, and Social Media Ads. They rejected the null hypothesis, showing that at least one type of ad performed significantly better in driving ticket sales.Presentation Highlights
The PowerPoint presentation included animations and highlighted each student’s contributions by showing their names on the slides they worked on.