Hypothesis Testing in Fashion Designer Industry

Topics: Wage, Employment, Standard deviation Pages: 3 (761 words) Published: December 8, 2011
Ngoc Nguyen
DSCI 346-50
Fall 11
12/08/11

Final Project

1. Introduction:
This is the final project for the Data Analysis for Business class. I’ve been learning how to analyze statistics and how those studies will help in predicting and deciding in business cases during this quarter. This project also gives me a chance to use what I have learned in class in real life. My project is about the growth of the number of employments in the fashion designer industry. According to the Bureau of Labor in the United States, a growth of 5% will exist in this industry by 2016. Through this project I want to prove that the prediction of the Bureau of Labor in the United States is true, and reject the hypothesis that the growth of this industry is less than 5%.

2. Body:
You can add a theoretical discussion in your project…this is optional. But, if you want to discuss your study’s goal and basic theoretical truth behind your hypotheses, you are welcome to do that in this section.

3. Hypotheses:
The industry will grow less than 5%.

4. Method:
5.1. Data Collection:
Annual wage of fashion designers by areas, May 2006
Area Name| Employment| Hourly mean wage| Annual mean wage| Los Angeles-Long Beach-Glendale, CA Metropolitan Division| 2500| $34.34 | $71,430 | Los Angeles-Long Beach-Santa Ana, CA| 2920| $33.66 | $70,010 | Riverside-San Bernardino-Ontario, CA| 30| $27.19 | $56,560 | San Francisco-Oakland-Fremont, CA| 240| $36.25 | $75,400 | San Francisco-San Mateo-Redwood City, CA Metropolitan Division| 150| $33.80 | $70,310 | Santa Ana-Anaheim-Irvine, CA Metropolitan Division| 410| $29.49 | $61,350 | Washington-Arlington-Alexandria, DC-VA-MD-WV| 30| $27.07 | $56,300 | Boston-Cambridge-Quincy, MA-NH| 680| $29.80 | $61,990 | Boston-Cambridge-Quincy, MA NECTA Division| 450| $29.61 | $61,600 | Brockton-Bridgewater-Easton, MA NECTA Division| 60| $27.33 | $56,850 | Providence-Fall...
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