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The Term project is your opportunity to apply one of the quantitative techniques that you have learned in this class to a real-life problem of your choice. Your team’s final report (10-15 typewritten pages) should follow the outline below: Selection of an original real-life problem (from your work, home, school, or any other place you are familiar with) (5 points) Definition of the problem clearly and in details (15 points) Formulation of the problem with any appropriate quantitative techniques (Please show all data and data sources) (20 points) Solution to the problem (Please show all details and enclose all computer results) (15 pts) Analysis of the results and recommendations (discuss alternatives for solving the problem) (30 points)

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