Making Business Decisions: The Furniture Fire Case

This criterion is linked to a Learning OutcomeConsideration of correct assumptions

25 ptsFull PointsYou correctly identify and consider the relevant assumptions associated with the analysis.

15 ptsPassYou identify and consider some relevant assumptions but may miss a few key points.

5 ptsFailYour consideration of assumptions is limited, and you overlook significant assumptions.

25 pts

This criterion is linked to a Learning OutcomeStatistical and graphical examination

25 ptsFull PointsYou perform a comprehensive statistical and graphical examination of the data, providing well-labeled and interpreted visualizations and appropriate descriptive statistics.

15 ptsPassYou conduct a reasonable statistical and graphical examination, providing most visualizations and descriptive statistics with some labeling and interpretation.

5 ptsFailYour statistical and graphical examination is somewhat limited, with a lack of detail in visualizations and interpretations.

25 pts

This criterion is linked to a Learning OutcomeProbability calculation

25 ptsFull PointsYou accurately calculate probabilities related to the data analysis, demonstrating a deep understanding of probability theory and its application.

15 ptsPassYou calculate probabilities reasonably well, with a good understanding of probability theory and application.

5 ptsFailYour probability calculations are somewhat accurate, with some errors or limited understanding of probability theory.

25 pts

This criterion is linked to a Learning OutcomeConclusion

25 ptsFull PointsYou write a clear and well-supported conclusion based on the analysis of data, assumptions, statistical examination, and probability calculations. Your conclusion ties all the elements together effectively.

15 ptsPassYou write a reasonable conclusion based on the analysis but may lack some support from the components of the analysis.

5 ptsFailYour conclusion is somewhat unclear or lacks strong support from the components of the analysis.

25 pts