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Memo #2: Statistics in Practice (Final Summative Assessment)

ECON 2100

Winter 2021 

 

Task 

The goal of Memo #2 is to demonstrate your mastery of both descriptive and inferential statistics.  You get to choose which dataset you'd like to work with and the variables that you want to explore.  This memo (max 3 pages) will ask you to:

· Choose one dataset from the following three to explore

· Choose 2-4 variables from that dataset that interest you (be sure to note the level of measurement of each) and describe them using the appropriate statistics

· Include at least one descriptive statistics table generated using pivot tables, following the best practices laid out in Week 3's in-class exercise.

· Generate a confidence interval (level of confidence subject to your reasoning) to estimate the mean or proportion of one of the variables of your choosing.

· Create at least one graph to illustrate your findings (can be more if necessary!)

· Hypothesize a relationship between two of those variables that you have chosen - state your hypothesis in layman's terms very clearly in the piece.  Even bold face or italicize it.

· Test the relationship using the appropriate inferential test and report the findings to a lay audience.

See the attached rubric for specifics on how you will be assessed.

Deliverables 

· A 3 single-spaced page (3 is the absolute maximum length) memo 

· The Excel file that you used to generate your analysis 

Deadlines

This memo is due no later than Friday, March 12th at midnight.

Note on Instructor & Peer Assistance

· This assignment is to be done entirely independently. You are on the honor system here. Memos that look like one another or throw up any other red flags will be granted a grade of zero.

· If you require my assistance for any aspect of this, get help early – stay after class, come before class, or set an office hour appointment. Do not wait until 2 days before the assignment is due.

 

Accomplished

(3)

Developing

(2)

Beginning

(1)

No Evidence

(0)

Data Analysis

(weighting x2)

Student calculates appropriate descriptive statistics to illustrate trends in their data.

AND

Student correctly calculates confidence intervals to estimate the population parameters of the variable(s) articulated in the research question(s).

AND

Student chooses the appropriate inferential statistical test to explore the question posed in the memo.

AND

Student’s design decisions (i.e., level of confidence, reconstruction of variables) make sense and are well-justified in the Memo.

Student makes some errors in either descriptive statistics, their confidence interval construction, or their inferential tests.

OR

There may be errors in the student’s design decisions on either the treatment of variables or the inferential tests.

Student makes many errors in their confidence interval construction AND their inferential tests.

OR

There are many errors in the student’s design decisions on either the treatment of variables or the inferential tests.

Interpretation

(weighting x2)

Student addresses the central questions in the assignment prompt and thoughtfully frames the research question in terms of its real-world relevance.

AND

Student is careful not to overstate their results and addresses the limitations of their analysis relative to the research question(s).

Student addresses the central questions in the assignment prompt, but may exhibit difficulties utilizing appropriate statistical results to justify their assertions.

OR

Student fails to adequately address the importance and real-world relevance of their question(s).

OR

Student attempts to address the limitations of their analysis, but this section of the work is incomplete.

Student mostly addresses the central questions in the assignment prompt, but more than one aspect in the column to the left is missing.

OR

Confidence intervals or inferential tests are grossly misinterpreted.

Data Visualization

Student thoughtfully illustrates the relationship that they explore with an appropriate form of data visualization.

One graph is included AND one descriptive statistics table is included. Both are formatted for publication. There is no copy-pasting from pivot tables.

This about incorporating the feedback that you received on Memo #1.

There are slight errors in the student’s choice of data visualization.

This might include if a student copy-pastes their data table from pivot tables.

There are major errors in the student’s choice of data visualization.

OR

Student’s choice of data visualization was inappropriate given the types of variables with which they are working.

OR

Student is missing either the graph or the table.

Student is missing both graph and table.

Presentation:

Spelling, Grammar, & Mechanics

Student organizes memo in a clear and compelling way.

The writing is free of spelling and grammatical errors.

Student adheres strictly to the 3 page-limit.

Student organizes the memo in a mostly clear and compelling way, but there may be factors that detract from the clarity and flow of the work.

OR

The writing contains some spelling and/or grammar errors.

OR

Student fails to adhere to the 3-page limit.

Memo is disorganized – the line of thinking is unclear.

OR

The writing contains many spelling and/or grammatical errors.

AND

Student fails to adhere to the 3-page limit.

Documentation of analysis

Student provides an excel file of their analysis.

---

No excel file provided

TOTAL: ___/21 ___/40

GENERAL COMMENTS:

Memo

#2:

Statistics

in

Practice

(Final

Summative

Assessment)

ECON

2100

Winter

2021

Task

The

goal

of

Memo

#2

is

to

demonstrate

your

mastery

of

both

descriptive

and

inferential

statistics.

You

get

to

choose

which

dataset

you'd

like

to

work

with

and

the

variables

that

you

want

to

explore.

This

memo

(

max

3

pages

)

will

ask

you

to:

·

Choose

one

dataset

from

the

following

three

to

explore

·

Choose

2-4

variables

from

that

dataset

that

interest

you

(be

sure

to

note

the

level

of

measurement

of

each)

and

describe

them

using

the

appropriate

statistics

·

Include

at

least

one

descriptive

statistics

table

generated

using

pivot

tables,

following

the

best

practices

laid

out

in

Week

3's

in-class

exercise.

·

Generate

a

confidence

interval

(level

of

confidence

subject

to

your

reasoning)

to

estimate

the

mean

or

proportion

of

one

of

the

variables

of

your

choosing.

·

Create

at

least

one

graph

to

illustrate

your

findings

(can

be

more

if

necessary!)

·

Hypothesize

a

relationship

between

two

of

those

variables

that

you

have

chosen

-

state

your

hypothesis

in

layman's

terms

very

clearly

in

the

piece.

Even

bold

face

or

italicize

it.

·

Test

the

relationship

using

the

appropriate

inferential

test

and

report

the

findings

to

a

lay

audience.

See

the

attached

rubric

for

specifics

on

how

you

will

be

assessed.

Deliverables

·

A

3

single-spaced

page

(3

is

the

absolute

maximum

length)

memo

·

The

Excel

file

that

you

used

to

generate

your

analysis

Deadlines

This

memo

is

due

no

later

than

Friday,

March

12

th

at

midnight.

Note

on

Instructor

&

Peer

Assistance

·

This

assignment

is

to

be

done

entirely

independently.

You

are

on

the

honor

system

here.

Memos

that

look

like

one

another

or

throw

up

any

other

red

flags

will

be

granted

a

grade

of

zero.

·

If

you

require

my

assistance

for

any

aspect

of

this,

get

help

early

stay

after

class,

come

before

class,

or

set

an

office

hour

appointment.

Do

not

wait

until

2

days

before

the

assignment

is

due.