AMDM.DSR.7

Conduct investigative research to solve real-life problems and answer statistical investigative questions involved in business and financial decision-making.

AMDM.DSR.7.1Apply statistical methods to design, conduct, and analyze statistical studies. Identify a contextual, real-life problem that can be answered using investigative research.AMDM.DSR.7.2Build the skills and vocabulary necessary to analyze and critique reported statistical information, summaries, and graphical displays. Develop statistical investigative questions that can help solve a real-life problem involved in business and financial decision-making.AMDM.DSR.7.3Create a statistical study using sound methodology to answer statistical investigative questions and to solve the real-life problem.AMDM.DSR.7.4Explain how the sample size impacts the precision with which estimates of the population parameters can be made (i.e., the larger the sample size the more precision).AMDM.DSR.7.5Recognize that random selection from a population plays a different role than random assignment in an experiment.AMDM.DSR.7.6Incorporate random designs in data collection.AMDM.DSR.7.7Describe ways in which big data can be used to make decisions in various business enterprises and in the context of business and financial decision-making.AMDM.DSR.7.8Use distributions to identify the key features of the data collected.AMDM.DSR.7.9Interpret results and make connections to the original research question.
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