Inferential Statistics and Findings
Running head: BUSINESS RESEARCH PROJECT PART 1 | 0 |
Business Research Project Part 1: Formulation of the Research Problem
Business Research Project Part 1: Formulation of the Research Problem
With the rising gas prices, consumers tend to conduct research when shopping for a new vehicle. Team B has been tasked with conducting research for Automotive Trends. The team is looking into the correlation between vehicles weight and highway fuel economy. The purpose of this paper is to review the dependent and independent variables for these and to come up with a hypothesis. Team B will generate a research question to get this started.
Research Question
When looking at the research question, Team B has decided to look at the correlation between the weight of the vehicle and the highway miles per gallon. The following is the research question:
Is there a direct correlation between vehicles weight and the highway fuel mileage?
To answer this, Team B had to determine the variables that would be reviewing in researching. The first variable is the independent variable. In this scenario, the independent variable would be the highway fuel mileage. The second variable is the dependent variable. With this scenario, the dependent variable is the vehicles weight. The weight of the vehicle will remain constant while the highway fuel mileage can vary based on driving conditions.
Hypothesis
Team B generated a hypothesis for the research question. The hypothesis is a statistical
inference using data (McClave, Benson, & Sincich, 2011). The hypothesis Team B generated is
as follows:
Ho: There is a direct correlation between vehicle weight (DV) and highway fuel mileage (IV).
H1: There is no direct correlation between vehicle weight (DV) and highway fuel mileage (IV).
Data
Team B investigated 32 different vehicles from 26 different manufacturers. The team collected the weights of the vehicles; overall length; braking distance; number of cylinders; displacement; city and highway miles per gallon; and greenhouse gases.
The results for the vehicles are below as follows:
Car | Weight | Length | Braking | Cylinders | Displacement | City | Highway | GHG |
Acura RL | 4035 | 194 | 131 | 3.5 | 18 | 26 | 8.7 | |
Acura TSX | 3315 | 183 | 136 | 2.4 | 22 | 31 | 7.2 | |
Audi A6 | 4115 | 194 | 129 | 3.2 | 21 | 29 | 7.7 | |
BMW 525i | 3650 | 191 | 127 | 3.0 | 21 | 29 | 7.7 | |
Buick LaCrosse | 3565 | 198 | 146 | 3.8 | 20 | 30 | 7.9 | |
Cadillac STS | 4030 | 196 | 146 | 3.6 | 18 | 27 | 8.7 | |
Chevrolet Impala | 3710 | 200 | 155 | 3.9 | 19 | 27 | 8.2 | |
Chevrolet Malibu | 3135 | 188 | 139 | 2.2 | 24 | 32 | 6.8 | |
Chrysler 300 | 4105 | 197 | 133 | 5.7 | 17 | 25 | 9.3 | |
Dodge Charger | 4170 | 200 | 131 | 5.7 | 17 | 25 | 9.3 | |
Dodge Stratus | 3190 | 191 | 131 | 2.4 | 22 | 30 | 7.4 | |
Ford Crown Victoria | 4180 | 212 | 140 | 4.6 | 17 | 25 | 9.3 | |
Ford Focus | 2760 | 168 | 137 | 2.0 | 26 | 32 | 6.5 | |
Honda Accord | 3195 | 190 | 144 | 2.4 | 24 | 34 | 6.6 | |
Hyundai Elantra | 2980 | 177 | 133 | 2.0 | 24 | 32 | 6.7 | |
Infiniti M35 | 4095 | 193 | 122 | 3.5 | 18 | 25 | 9.0 | |
Jaguar XJ8 | 3860 | 200 | 133 | 4.2 | 18 | 27 | 8.6 | |
Kia Amanti | 4020 | 196 | 143 | 3.5 | 17 | 25 | 9.3 | |
Kia Spectra | 2875 | 176 | 144 | 2.0 | 25 | 34 | 6.5 | |
Lexus GS300 | 3915 | 190 | 133 | 3.0 | 22 | 30 | 7.4 | |
Lexus LS | 4205 | 197 | 134 | 4.3 | 18 | 25 | 8.7 | |
Lincoln Town Car | 4415 | 215 | 143 | 4.6 | 17 | 25 | 9.3 | |
Mazda 3 | 3060 | 177 | 129 | 2.3 | 26 | 32 | 6.5 | |
Mercedes-Benz E | 3745 | 190 | 128 | 3.2 | 27 | 37 | 7.0 | |
Mercury Grand Marquis | 4180 | 212 | 140 | 4.6 | 17 | 25 | 9.3 | |
Nissan Altima | 3235 | 192 | 144 | 2.5 | 23 | 29 | 7.1 | |
Pontiac G6 | 3475 | 189 | 146 | 3.5 | 22 | 32 | 7.2 | |
Saturn Ion | 2865 | 185 | 130 | 2.2 | 24 | 32 | 6.7 | |
Toyota Avalon | 3600 | 197 | 139 | 3.5 | 22 | 31 | 7.2 | |
Toyota Corolla | 2595 | 178 | 140 | 1.8 | 30 | 38 | 5.5 | |
Volkswagon Passat | 3465 | 188 | 135 | 2.0 | 22 | 31 | 7.3 | |
Volvo S80 | 3630 | 190 | 136 | 2.9 | 20 | 27 | 8.2 | |
Sum | 115370 | 6144 | 4377 | 180 | 104.0 | 678 | 939 | 248.8000 |
Mean | 3605.31 | 192.00 | 136.78 | 5.63 | 3.25 | 21.19 | 29.34 | 7.78 |
Median | 3640.0 | 191.5 | 136.0 | 6.0 | 3.2 | 21.5 | 29.5 | 7.6 |
References
McClave, J. T., Benson, P. G., & Sincich, T. (2011). Statistics for Business and Economics (11th
ed.). Boston, MA: Prentice Hall.