Critical Thinking Assignment (85 Points)

Important! Read First
Choose one of the following two assignments to complete this week. Do not do both assignments. Identify your assignment choice in the title of your submission.
Option #1: Analyzing Advertising Expenditure
As a data scientist of a company, you want to analyze the following data collected by your company which relates the advertising expenditure A in thousands of dollars to total sales S in thousands of dollars. The following table shows this relationship:

Advertising Expenditure (A)

Total Sales (S)

22

310

23

320

24

338

24

326

25.5

342

26.3

331

23.4

315

Determine if the above relation (A, S) defines a function or not.
Using Excel, draw a scatter diagram of data. Click here (Links to an external site.) for a video explanation on how to create a scatter plot and linear regression.
Using Excel, find the line of the best fit the models.
Add this line to the scatter diagram.
Interpret the slope and y-intercept of this equation.
Express this equation as a function S of A and find its domain.
Predict the sales if the advertising expenditure is $28000.

Requirements:

Paper must be written in 3rd person.
Your paper should be 4-5 pages in length (counting the title page and references page) and cite and integrate at least one credible outside source. The CSU-Global Library (Links to an external site.)is a great place to find resources. Your textbook is a credible resource.
Include a title page, introduction, body, conclusion, and a reference page.
The introduction should describe or summarize the topic or problem. It might discuss the importance of the topic or how it affects you or society as a whole, or it might discuss or describe the unique terminology associated with the topic.
The body of your paper should answer the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
The conclusion should summarize your thoughts about what you have determined from the data and your analysis, often with a broader personal or societal perspective in mind. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.
Include any tables of data or calculations, calculated values, and/or graphs associated with this problem in the body of your assignment.
Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.) under the Writing Center/APA Resources tab has many helpful areas (Writing Center, Writing Tips, Template & Examples/Papers & Essays, and others).

Option #2: Demand and Pricing
As a marketing manager, you wish to find a function that relates the demand D for menâ€s shirts, and P the price of one shirt. Based on the price history, the following data were collected.

Price of One Shirt (P)

Demand (D)

14

33

14

35

15

32

15.5

34

16

34

17

33

18

32.1

Determine if the above relation (P, D) defines a function or not?
Using Excel, draw a scatter diagram of data. Click here (Links to an external site.) for a video explanation on how to create a scatter plot and linear regression.
Using Excel, find the line of the best fit the models.
Add this line in the scatter diagram.
Interpret the slope and y-intercept of this equation.
Express this equation as a function D of P and find its domain.
How many shirts will be demanded if the price is $25?

Requirements:

Paper must be written in 3rd person.
Your paper should be 4-5 pages in length (counting the title page and references page) and cite and integrate at least one credible outside source. The CSU-Global Library (Links to an external site.) is a great place to find resources. Your textbook is a credible resource.
Include a title page, introduction, body, conclusion, and a reference page.
The introduction should describe or summarize the topic or problem. It might discuss the importance of the topic or how it affects you or society as a whole, or it might discuss or describe the unique terminology associated with the topic.
The body of your paper should answer the questions posed in the problem. Explain how you approached and answered the question or solved the problem, and, for each question, show all steps involved. Be sure this is in paragraph format, not numbered answers like a homework assignment.
The conclusion should summarize your thoughts about what you have determined from the data and your analysis, often with a broader personal or societal perspective in mind. Nothing new should be introduced in the conclusion that was not previously discussed in the body paragraphs.
Include any tables of data or calculations, calculated values, and/or graphs associated with this problem in the body of your assignment.
Document formatting, citations, and style should conform to the CSU-Global Virtual Library CSU-Global Guide to Writing and APA: Introduction (Links to an external site.). A short summary containing much that you need to know about paper formatting, citations, and references is contained in the New Sample APA Paper (Links to an external site.). In addition, information in the CSU-Global Virtual Library (Links to an external site.) under the Writing Center/APA Resources tab has many helpful areas (Writing Center, Writing Tips, Template & Examples/Papers & Essays, and others).

Rubric
MTH122 Mod 2 CT

MTH122 Mod 2 CT

Criteria
Ratings
Pts

This criterion is linked to a Learning Outcome Requirements

10.0 to >8.0 pts Meets Expectation
Answers the questions and explains the methodology used to solve the problem. In addition, meets all requirements listed in the Requirements section of the assignment.

8.0 to >6.0 pts Approaches Expectation
Includes most of the required components, as specified in the assignment.

6.0 to >4.0 pts Below Expectation
Includes some of the required components, as specified in the assignment.

4.0 to >0 pts Limited Evidence
Includes few of the required components, as specified in the assignment.

10.0 pts

This criterion is linked to a Learning Outcome Content

30.0 to >24.0 pts Meets Expectation
Answers the questions and/or solves the problems correctly.

24.0 to >18.0 pts Approaches Expectation
Some significant but not major errors or omissions in answers/solutions.

18.0 to >12.0 pts Below Expectation
Major errors or omissions in answers/solutions.

12.0 to >0 pts Limited Evidence
Answers and solutions are almost completely incorrect or not provided.

30.0 pts

This criterion is linked to a Learning Outcome Problem Solving

25.0 to >20.0 pts Meets Expectation
The written portion of the assignment demonstrates strong critical thinking, analytical, and problem-solving ability; correctly represents knowledge from the readings and course.

20.0 to >15.0 pts Approaches Expectation
Some significant but not major errors or omissions in critical thinking, analysis, and problem solving.

15.0 to >10.0 pts Below Expectation
Major errors or omissions in critical thinking, analysis, and problem solving.

10.0 to >0 pts Limited Evidence
Fails to demonstrate critical thinking, analysis, and problem solving.

25.0 pts

This criterion is linked to a Learning Outcome Demonstrates college-level proficiency in organization, grammar, and style.

10.0 to >8.0 pts Meets Expectation
Project is clearly organized, well written, and in proper essay format as outlined in the assignment. Strong sentence and paragraph structure; few errors in grammar and spelling.

8.0 to >6.0 pts Approaches Expectation
Project is fairly well organized and written, and is in proper essay format as outlined in the assignment. Reasonably good sentence and paragraph structure; significant number of errors in grammar and spelling.

6.0 to >4.0 pts Below Expectation
Project is poorly organized; does not follow proper essay format. Inconsistent to inadequate sentence and paragraph development; numerous errors in grammar and spelling.

4.0 to >0 pts Limited Evidence
Project is not organized or well written, and is not in proper essay format. Poor quality work; unacceptable in terms of grammar and spelling.

10.0 pts

This criterion is linked to a Learning Outcome Demonstrates proper use of APA style.

10.0 to >8.0 pts Meets Expectation
Project contains proper APA formatting, according to the CSU-Global Guide to Writing and APA, with no more than one significant error.

8.0 to >6.0 pts Approaches Expectation
Few errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with no more than two to three significant errors.

6.0 to >4.0 pts Below Expectation
Significant errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with four to five significant errors.

4.0 to >0 pts Limited Evidence
Numerous errors in APA formatting, according to the CSU-Global Guide to Writing and APA, with more than five significant errors.

10.0 pts

Total Points: 85.0

 
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