I am taking the business analytics for my master class. My professor want us to use R studio to do the web exercise.
Web Exercise #1
1. Import Insurance data into RStudio
2. Assess the normality of the following variables: claim amount, coverage, hoursehold income, and deductible (explain whether or not the variables are normally distributed, are distribution symmetrical or skewed). Explain your findings and support with descriptives (numerical and/or graphical)
3. Is there a statistical relationship between claim amount and income? Explain your findings and support with descriptives (numerical and/or graphical)
4. Is there a statistical relationship between the type of claim and marital status?
Instructions:
Please submit a single PDF file with your answer.
GRADING COMPONENTS
The web exercises will be graded based on the following components: write-up, interpretation, R code,
and paper structure
expectations:
Write-up
Problem statement is precise andclear. The model-building steps
and methodology are clearlystated. Decision criteria are
clearly explained
R code
Code is well-documented,correctly executes, proper syntax
is selected, coding is easy to follow
Interpretation
Overall model (statistical strength, accuracy, and
generalizability) is assessed using discussed criteria and
parameters. All coefficients are discussed. Managerial
implications are clearly outlined based on the output
Paper structure
Paper follows the structure outlines in the section above
(Format for web exercises).Formatting looks professional
(consistent and professional font, indentation, headers). Charts
have white background. Charts,tables and output are clearly
named and referenced in the body of the paper.
From my professor recommend using R Scripts for the homework
**** # When you work in RStudio, you should always keep track of your work, which is why I recommend
# ****using RScripts for your class work, homework, or any tasks that you might perform. Technically,
# you can execute commands from the console, but it will be very difficult to keep track of your progress
# and changes.
Web exercises will
generally ask you to formulate the problem, provide a solution to the problem, and interpret the results
(e.g. make suggestions to the business/manager). Your answers should reflect your understanding of the
assigned readings for the current week; make sure to mention and explain relevant concepts learned for a
complete answer.
The textbook I reading is
Camm, Jeffrey D. Cochran more, Essentials of Business Analytics, 3nd
Edition, Cengage Learning, ISBN-10: 1-305-62773-3; ISBN-13: 978-1-305-62773-4
This week is chapter one and two
Please use the power point for the reference to support the homework, if not I won’t get grade.
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