Thursday, June 2, 2011


Future business stats students I just want to give you three important pieces advice. Firstly, carefully choose a partner that you know and make sure both of you will commit to put time and effort in the project. Establish expectations and goals during your first meeting. This is extremely important because if you don’t have close communication with your partner it will be hard to work together and complete the project. Also make sure that you and your partner have a clear understanding of each section of the project so that each of you could help each other in case one doesn’t understand the concepts. If both of you have trouble with (confidence intervals, hypothesis testing, regression and other problems) make sure you ask your friends or go to Chuck’s office, he will be always there to help you.
Secondly, please make sure your survey is very clear, concise, and well designed. This is really important because if you don’t have a well-designed survey your sample is not going to take your survey seriously and they will put unreasonable answers. Also, make sure you put thought and time into your survey questions and make sure they are related to your topic so you can find useful findings. If you do this, it will save you time and it will make your statistical analysis easier. In addition to the survey, please make sure you distribute them as soon as possible and start collecting data right away, since putting data in excel takes a lot of time.
Thirdly, please make sure you do every single assignment Chuck gives you. Each single assignment is part of the big project so put time, thought and commitment. Also please make sure you find several articles related to your project so you can have interesting comparisons to your findings. Finally, do not procrastinate and think positive all the time even if the project is not coming as you want. And remember this project is designed to apply what have you learn in class. Enjoy.

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