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Trend Lines Case Study, Schemes and Mind Maps of Business Administration

University of GhanaBusiness Administration

a situation that can be analyzed using a scatterplot and trend line. The scenario should involve numerical (quantitative data) that allows the relationship between an input variable and an output variable to be displayed on a scatterplot with a trend line. You can refer to the examples below for inspiration, but it's recommended that you select a scenario that is relevant to your experiences. Try to be creative when choosing your scenario, and make sure it's something that will allow you to make an informed decision based on the data you collect and analyze.

Typology: Schemes and Mind Maps

2023/2024

Uploaded on 04/11/2025

edmond-munkoh
edmond-munkoh 🇬🇭

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Trend Lines Case Study
To complete this Case Study, you will need to have this document AND the Trend Line Study
Excel Document open. Please remember that you are not permitted to use AI for this
assignment.
Project Goal: To learn how trend lines can be used as a powerful tool in the Quantitative
Reasoning Process.
1. Understand the Problem
To start, choose a situation that can be analyzed using a scatterplot and trend line. The scenario
should involve numerical (quantitative data) that allows the relationship between an input
variable and an output variable to be displayed on a scatterplot with a trend line. You can refer
to the examples below for inspiration, but it's recommended that you select a scenario that is
relevant to your experiences. Try to be creative when choosing your scenario, and make sure
it's something that will allow you to make an informed decision based on the data you collect
and analyze.
Below are scenario ideas:
Personal Health: Compare the number of steps a person takes each day and the hours a
person sleeps at night.
Buying a Laptop: Compare the processor speed and the cost of a laptop.
COVID-19: Compare the average age of people in a city or country and COVID rates.
Running: Compare the age of a runner to their speed.
Economics: Compare the unemployment rate and inflation rate in a country.
Mental Health: Compare the level of stress and the number of hours of sleep a person
gets.
Grocery Shopping: Compare the cost and nutritional value of different brands of food
items.
Higher Education: Compare the cost and potential earnings of different degree
programs or vocational training.
Here are a few places to check online if you need free data:
Google Public Data
The World Factbook
OpenCorporates
Kaggle Datasets
FiveThirtyEight
Question Answer
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Trend Lines Case Study

To complete this Case Study, you will need to have this document AND the Trend Line Study Excel Document open. Please remember that you are not permitted to use AI for this assignment. Project Goal : To learn how trend lines can be used as a powerful tool in the Quantitative Reasoning Process.

1. Understand the Problem

To start, choose a situation that can be analyzed using a scatterplot and trend line. The scenario should involve numerical (quantitative data) that allows the relationship between an input variable and an output variable to be displayed on a scatterplot with a trend line. You can refer to the examples below for inspiration, but it's recommended that you select a scenario that is relevant to your experiences. Try to be creative when choosing your scenario, and make sure it's something that will allow you to make an informed decision based on the data you collect and analyze. Below are scenario ideas:  Personal Health : Compare the number of steps a person takes each day and the hours a person sleeps at night.  Buying a Laptop : Compare the processor speed and the cost of a laptop.  COVID-19 : Compare the average age of people in a city or country and COVID rates.  Running : Compare the age of a runner to their speed.  Economics : Compare the unemployment rate and inflation rate in a country.  Mental Health : Compare the level of stress and the number of hours of sleep a person gets.  Grocery Shopping : Compare the cost and nutritional value of different brands of food items.  Higher Education : Compare the cost and potential earnings of different degree programs or vocational training. Here are a few places to check online if you need free data:  Google Public Data  The World Factbook  OpenCorporates  Kaggle Datasets  FiveThirtyEight Question Answer

Describe the background and purpose of your scenario.

2. Identifying Variables and Assumptions

List the important factors and conditions that you will consider when making your decision. You will need to identify two main variables:  An input variable that affects the outcome  An output variable Additionally, you should mention two or more key assumptions. Assumptions refer to the known conditions of the comparison, and they are not predictions or hypotheses. They are like the "controls" in a scientific experiment. Question Answer List your input and output variables. Hint : A variable is an element of a situation that has the potential to vary or change in value. Input variable: Output variable: List two or more key assumptions for this problem. Hint : Assumptions are ideas or concepts that are accepted as true. Assumptions are like removing the "what ifs" in a scenario.

3. Apply Quantitative Tools

Gather data and report on your findings by following these steps:

1. Gather at least 15 numerical data points. List the source(s) of your data found online from a reliable source. Put the data on the Excel spreadsheet. (Green and yellow boxes) 2. Explain how you collected the data. Question Answer What is the source(s) of your data?

Who did you share your project with? Name 1: Name 2: How you know these people: What feedback did you receive? What changes did you make because of the feedback you received?

Authenticity Check

Question Answer Did you use AI to complete this assignment? If so, please redo the assignment without using AI before submitting it.

Turning in Your Assignment

  1. Make sure all the answer boxes are filled in on this document.
  2. Make sure all the colored boxes in the Excel spreadsheet are completed.
  3. Review the rubric before you turn in this assignment to make sure you will get the best grade possible for your work.
  4. Turn in both this document and the Excel spreadsheet.