Purpose of AssignmentThis assignment provides students with practice in understanding how to develop a hypothesis and interpret its findings. Students will learn to implement the use of these statistical measures for better business decision-making. Assignment Steps Resources: Week 4 Videos; Week 4 Readings; Statistics Lab Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support for Office products. Use the same business problem/opportunity and research variable you wrote about in Week 3. Note: Do not actually collect any data; think hypothetically. Develop a 1,050-word report in which you: Identify which types of descriptive statistics might be best for summarizing the data, if you were to collect a sample.Analyze which types of inferential statistics might be best for analyzing the data, if you were to collect a sample.Analyze the role probability or trend analysis might play in helping address the business problem. Analyze the role linear regression for trend analysis might play in helping address the business problem.Analyze the role a time series might play in helping address the business problem. Format your assignment consistent with APA guidelines.Click the Assignment Files tab to submit your assignment.