Looking to improve sales for Khol’s
1.Focus on a single business concern such as generating revenue; do income levels impact the revenue generated at store locations?
2.Variables: select a single independent variable – revenue. The dependent variable could be income level.
3.Examine the relationship between the variables in the hypothesis statement:
a.Ho: Revenue is not correlated with consumer income level.
b.Ha: Revenue is correlated with consumer income level.
Part 1: Sampling Design
Write a 350- to 700-word paper usingthe scenario and two variables your learning team developed for the Week 2 Business Research Project Part 1 assignment, in which the goal is to submit a random sampling plan in such detail that another researcher could replicate the method.
Discuss the following:
Â· Population and size
Â· The target population and brief reasoning
Â· Sampling element which may be conducted through any of the following:
oSurvey (If a survey is chosen, create a 5-10 question document), or
Â· The sample size
Â· Method of random sampling which may include:
Calculate the sample size for the mean or sample or sample size for the proportion, using a 95% confidence level, estimated population standard deviation or estimate of the true population proportion, and a 5% margin of error. Place the calculation in the Appendix.
Discuss how validity and reliability will be achieved.
If applicable, explain how human subjects will be protected.
Part 2: Data Collection
Explain how the data will be physically collected.
Explain where data will be stored and how it will be protected.
Format your paper consistent with APA guidelines.