Question descriptionRequirements are below.Project and term paper (due at the time of the final exam):Based on methods and tools you learned in this course, conduct a project for a realistic application of quantitative analysis to your business or personal decisions. The term paper forthis project should include:(1) A one-page description of your problem and its importance (10%).(2) A one-page discussion of the solution procedure and the rationale (10%)(3) One or more pages of presentation of your results (40%)(4) One or more pages of discussion of your insights, critique, and possible expansion for theapplication (40%).The term paper will be subjectively evaluated by the instructor on the basis of– Originality and relevance of the problem– Clarity and accuracy of the problem formulation– Correctness of the results-Depth of insights from the experience and creativity in the expansion of the application.Important NoteAlthough similar, the term paper should be more sophisticated and realistic than a homework problem. If your term paper is about the same level of complexity as that of a homework problem, then you will get 60/100 at most.

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