statistics
BCO127 Applied Management Statistics Task brief & rubrics
Task: Midterm Assignment
· individual
· file format: .doc or .pdf.
Formalities:
· Wordcount: No more than 1000 words. All questions should be answered.
· Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
· Font: Arial 12,5 pts.
· Text alignment: Justified.
· The in-text References and the Bibliography have to be in Harvard’s citation style.
Submission: Sunday, 14th of March, Time: 23:55.
Weight: This task is a 40% of your total grade for this subject.
It assesses the following learning outcomes:
· Ability to make conclusions from the data given
· Ability to compute probabilities of interest for Standard Normal random variable
· Ability to compute and interpret probabilities for any normally distributed random variable
Question 1 (40 points):
The waiting time is a time client needs to spend in a given bank office to solve the issue needed.
Below you have two bank branches samples of waiting time data in minutes:
Branch 1:
Branch 2:
Question 2 (40 points):
Random variable Z follows the standard normal distribution (with mean = 0 , and standard deviation =1), compute the following probabilities:
Question 3 (20 points):
Random variable X follows the normal distribution (mean=50, standard deviation=4). Compute the following probabilites:
Rubrics:
|
|
Exceptional 90-100 |
Good 80-89 |
Fair 70-79 |
Marginal fail 60-69 |
|
Knowledge & Understanding (20%) |
Student demonstrates excellent understanding of key concepts and uses vocabulary in an entirely appropriate manner. |
Student demonstrates good understanding of the task and mentions some relevant concepts and demonstrates use of the relevant vocabulary. |
Student understands the task and provides minimum theory and/or some use of vocabulary. |
Student understands the task and attempts to answer the question but does not mention key concepts or uses minimum amount of relevant vocabulary. |
|
Application (30%) |
Student applies fully relevant knowledge from the topics delivered in class. |
Student applies mostly relevant knowledge from the topics delivered in class. |
Student applies some relevant knowledge from the topics delivered in class. Misunderstanding may be evident. |
Student applies little relevant knowledge from the topics delivered in class. Misunderstands are evident. |
|
Critical Thinking (30%) |
Student critically assesses in excellent ways, drawing outstanding conclusions from relevant authors. |
Student critically assesses in good ways, drawing conclusions from relevant authors and references. |
Student provides some insights but stays on the surface of the topic. References may not be relevant. |
Student makes little or none critical thinking insights, does not quote appropriate authors, and does not provide valid sources. |
|
Communication (20%) |
Student communicates their ideas extremely clearly and concisely, respecting word count, grammar and spellcheck |
Student communicates their ideas clearly and concisely, respecting word count, grammar and spellcheck |
Student communicates their ideas with some clarity and concision. It may be slightly over or under the wordcount limit. Some misspelling errors may be evident. |
Student communicates their ideas in a somewhat unclear and unconcise way. Does not reach or does exceed wordcount excessively and misspelling errors are evident. |