Scenario 10

QSO 510 Scenario Analysis Guidelines and Rubric Knowledge of statistics is important foundational knowledge for analyzing data. Equally important is what you can do with that information. An overarching goal of this course is to consider how statistics informs decision making, or data-based decision making. Throughout this course, you will be asked to make decisions and then to consider the impact of those choices. Whether in stock trading, in car sales, or on the production floor, the decisions you make as a business professional should be directly influenced by the data available to you. Careful analysis is the key to data-based decision making. Each module task below provides a scenario and a list of questions for you to answer using data-based decision making.

 Module Two: Stock Options

 Module Four: Cars Sold

 Module Five: Computer Chips

 Module Six: Vacation Time

 Module Eight: Promotion

 Module Ten: Printing Equipment Specifically, the following critical elements must be addressed:

I. Main Elements II. Integration and Application

III. Analysis IV. Critical Thinking Guidelines for Submission: Your analysis of the scenario must be submitted as a 1- to 2-page Microsoft Word document with double spacing and 12-point Times New Roman font.

Rubric Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value

Main Elements Thoroughly addresses each of the main elements found in the individual prompts and guiding questions for each scenario

Adequately addresses all of the main elements found in the individual prompts and guiding questions for each scenario

Addresses most but not all of the main elements found in the individual prompts and guiding questions for scenario

Addresses less than half of the main elements found in the individual prompts or guiding questions for each scenario

20

Integration and Application

All of the course concepts are correctly applied

Most of the course concepts are correctly applied

Some of the course concepts are correctly applied

Does not correctly apply any of the course concepts

20

Analysis Meets “Proficient” and the quality of the statistical analysis is above minimum quality standards for competent

Represents competency with respect to the statistical analysis

Statistical analysis is evident, but does not meet standards

Statistical analysis is not evident 40

Critical Thinking Draws insightful conclusions that are thoroughly defended with peer-reviewed evidence and examples

Draws informed conclusions that are justified with evidence based on peer-reviewed research

Draws logical conclusions, but does not defend with evidence based on peer-reviewed research

Does not draw logical conclusions 10

Articulation of Response

Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy to read format

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas

10

Earned Total 100%