Write a short paper (2 pages) on how to implement Estimation. Select a variable from your own life experience. Develop an outline on how to implement the experiment in real life. The variable must be an actual variable and the paper must be at the MBA level. No data need to be gathered, however, specific assumption such as confidence interval, acceptable error, expected standard deviation must be specified in order to calculate the sample size. No textbook problem will be accepted, and will result in an F in the paper.

The final paper is due Monday 7/27 prior to the start of class. Please, using email, submit an early draft, which will reviewed, and return with comments to you within 24 hours. The final paper must be uploaded to blackboard in the current folder, and the grade will be assigned on the final paper only.

This is not a business paper, where you may feel the need of adding unnecessary sentences or description. It should consists of short to the point sentences. The first sentence in each paragraph must be the thesis sentence. An example of certain paragraphs is included at the end of the assignment.

The recommended structure of the paper is:

1- Introduction: What is the issue to be investigated by the paper and why it is important.

2- Population: Describe the population and the important characteristics that may make a difference on which sampling approach to follow.

3- Variable to Estimate: What is the variable that will be estimated. The variable must be numeric. Insome cases you may need to justify why this variable will is a good measure of the issue. For example, in marketing customer loyalty is measure are the number of times a customer buys the same item.

4- Sample & Sampling Characteristics: What is the size of sample, and how is the sample going to be selected from the population.

5- Estimation: Assume that the sample has been collected, how does one develop an estimate of the range of the value of the variable.