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 Read More
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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:
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 | |
Total Points: 100
Assignment A3.1 – Making Business Decisions- The Furniture Fire Case FIRE MAKING BUSINESS DECISIONS Assignment Instructions-1
Evan John