Portfolio Milestone – Intro to Business Intelligence Data Analysis of United States Data If you selected Option 1 to complete for your Portfolio Milestone in Module 2, be sure to complete this milest

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Portfolio Milestone – Intro to Business Intelligence

Data Analysis of United States Data

If you selected Option 1 to complete for your Portfolio Milestone in Module 2, be sure to complete this milestone. Review the background information for Option 1 of the Portfolio Project in Module 8.  Also, you should incorporate any feedback given by your faculty member in the Module 2 Portfolio Milestone assignment.

For the Module 5 Portfolio Milestone assignment, you are to create a minimum of 4 business questions which, if answered, will solve the business problem. You are to explain why you selected those specific business questions. In addition, you are to create the alternate and null hypotheses for each business question. The business questions and hypotheses will become the primary framework for your Portfolio Project due in Module 8. Finally, you discuss any concerns you have in completing this assignment.

In this assignment, you are to expand on your deliverables from Module 2 by including your approach for conducting the analysis in the Portfolio Project in Module 8. Your approach should include which statistical tests you intend to conduct and why. How will these tests answer the business questions and prove or disprove your hypotheses? Also, your approach should include which visualizations you intend to use and why. Why are these visualizations the best formats for communicating the story the data is telling us?

Deliverables for this assignment are:

  • Description of the business problem including the organization’s strategic goals (incorporating any feedback from your instructor).
  • Description of the variables in the SAS dataset created in Module 2 (incorporating any feedback from your instructor)
  • List, at a minimum, 4 business questions. Justify how these business questions will solve the business problem.
  • List the alternate and null hypotheses for each business question. Incorporate any feedback from your instructor
  • List the statistical tests you intend to use and why.
  • List the visualizations you intend to use and why.
  • Describe concerns in completing the Portfolio Project.

Your Milestone assignment should be four to five pages in length, excluding your cover and references page, and formatted according to APA requirements.

Portfolio Milestone – Intro to Business Intelligence Data Analysis of United States Data If you selected Option 1 to complete for your Portfolio Milestone in Module 2, be sure to complete this milest
MIS540 Portfolio Project Option #1: Business Intelligence – Data Analysis of US Data Source From the list of large datasets select a data containing data on United States subjects. You are to define a business problem this dataset can attempt to answer. You are required to create business questions and hypotheses to further define the scope of your analyses. You are to create a SAS dataset containing only the variables needed for your analyses thus filtering out any unnecessary data from your analysis work.  Your analysis should include the necessary descriptive analytics tests to communicate your understanding of what story the data is telling us. Also, your analysis should include the necessary predictive analytics tests to assist decision makers in achieving their business goal of future business growth. Your deliverables for this Portfolio Project are: Business questions Hypotheses Descriptive statistics to include charts, graphs, tables, business insights, and the story the data is telling us Predictive statistics to include charts, graphs, tables, business insights, and the story the data is telling us Analysis of findings with respect to business questions and hypotheses Recommendations for further analysis: what other data sources, including big data sources, could the organization utilize to help them achieve their business goals. Limit the charts, graphs, and tables in your analysis report to only those figures needed to support your findings and analysis. Do not include statistics outputs that are not relevant to your analysis. Your analysis report should be comprehensive yet concise, specific, and most importantly, insightful. In previous Portfolio Milestone assignments, you submitted business questions, hypotheses, and a preliminary list of descriptive and predictive statistics tests. You are expected to incorporate your instructor’s feedback into this final submission. Your paper should be 8-10 pages in length, not counting the title page and references page, and must refer to three scholarly sources, as well as the course materials. It should be well written and conform to the guidelines of APA.
Portfolio Milestone – Intro to Business Intelligence Data Analysis of United States Data If you selected Option 1 to complete for your Portfolio Milestone in Module 2, be sure to complete this milest
10 United States Data February 5, 2022 United States Data Business problem. A clothing company is planning to establish itself in Boston City. However, to take advantage of the Boston clothing market, the company must ensure that its business products and services align well with the population’s needs. Targeting the right customers is one of the key things that will ensure success. Boston has a diverse population in terms of age, gender, level of educational attainment, household/individual income, among other distinguishing factors. As an investment analyst for the company, I am tasked with researching and analyzing the key factors that must be evaluated before investing in Boston city. Business Questions. The primary business question is whether it is more feasible for the company to target more male customers than female customers or vice versa. Refining a large market into small market segments is key to ensuring that the company adjusts its marketing and promotion strategies in a way that best attracts its target customers. According to the world population review, the population of Boston in 2021 was 696, 295. Of these, 362, 142 are female, while 332, 153 are male (World Population Review, 2022). Despite this being the case, the organization must feasibly assess and evaluate the population to determine which gender makes the perfect business customer. This will be done by comparing income levels for both genders. The null hypothesis states that there will be no notable income differences between the male and female gender. The alternative hypothesis states that there will be significant income differences between the male and female genders residing in Boston city. A total of 128 employed participants between the age of 25-65 were randomly selected to participate in the evaluation. Out of these numbers, 64 were males, and 64 were females. The company will evaluate the potential of each gender being the primary target customer group by studying the distribution of income among study participants. Specifically, the mean, median, and overall income distribution metrics will be assessed. Fig 1: SAS Program for arriving at the mean salary and standard deviation among males. Fig 2: Results for the mean salary and standard deviation among males. Fig 3: SAS Program for getting the median salary among males. Fig 4: Result for the median salary for males. Fig 5: SAS Program for arriving to the mean salary and standard deviation among females. Fig 6: Results for the mean salary and standard deviation among females. Fig 7: SAS program for arriving at the median salary among females. Fig 8: Results for the Median Salary among females. From evaluation, the average salary among males is $53, 767 while the average salary among females is $47, 777. The median salary among males is $49, 851 while the median salary among females is $44, 823. Fig 9: SAS program for the graphical representation of salary distribution among males. Fig 10: Result shows a graphical salary distribution among the male population. Fig 11: Results showing a graphical representation of salary among females. According to the graphical presentation of income among the male and female gender, it is evident that income is unequally distributed among males and females. A significant difference in income distribution is evident. Therefore, the alternative hypothesis states that there will be significant income differences between the male and female genders residing in Boston city is true. Based on the analysis of mean, median, and overall income distribution among the male and female gender, the company should focus on the male market since it has a higher purchasing power than the female gender. Therefore, business strategies, including marketing and promotion strategies, should be formulated to attract the male gender to the business. Further data analysis should make use of big data categories such as the behavioral and attitudinal categories, which align well with a company’s marketing needs. Reference World Population Review (2022). Boston, Massachusetts Population 2022. Retrieved February 5, 2022, from https://worldpopulationreview.com/us-cities/boston-ma-population.

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