1. Summarize one question or decision relevant to the real-world business situation that you will answer by collecting and analyzing a set of data.
2. Explain why the situation or question would benefit from a data analysis.
3. Identify data you will need to collect that is relevant to the situation or question.
Note: A sample size of 30 or more is suggested to provide a statistically reliable finding.
4. Describe the data gathering methodology you will use to collect data.
5. Identify an appropriate data analysis technique you will use to analyze this data (e.g., linear programming, crossover analysis, t-test, regression).
a. Explain why the data analysis technique you chose is an appropriate technique to analyze the data collected.
Note: The “Decision Tree Presentation” in the Web Links section will help you determine the appropriate analysis technique for your data and business situation.
B. When you use sources to support ideas and elements in a paper or project, provide acknowledgement of source information for any content that is quoted, paraphrased or summarized. Acknowledgement of source information includes in-text citation noting specifically where in the submission the source is used and a corresponding reference, which includes:
• Author
• Date
• Title
• Location of information (e.g., publisher, journal, or website URL)
Using relevant data you have gathered, analyze the data and recommend a solution. This recommendation will be included in a report that you will write, summarizing the key details of your analysis.
The “Decision Tree Presentation” in the Web Links section will help you identify an appropriate technique to analyze the data.
Note: You must successfully pass task 1 before work on task 2 is started.
Requirements:
Create a report (suggested length of 3–5 written pages) by doing the following:
A. Summarize the real-world business situation you identified in task 1.
B. Report the data you collected, relevant to the business situation, by doing the following:
1. Describe the relevant data you collected.
2. Create an appropriate graphical display (e.g., table, chart, descriptive statistics) of the data you collected.
3. Discuss one advantage and one disadvantage of the data gathering methodology you used to collect the data.
C. Report how you analyzed the data using an appropriate analysis technique (e.g., linear programming, crossover analysis, t-test, regression) by doing the following:
1. Describe the analysis technique you used to appropriately analyze the data.
2. Include the output and any calculations of the analysis you performed.
3. Justify why you chose the analysis technique.
4. Discuss one advantage and one disadvantage of the analysis technique.
Note: The “Decision Tree Presentation” in the Web Links section will help you determine the appropriate analysis technique for your data and business situation.
D. Summarize the implications of your data analysis by doing the following:
1. Discuss the results of your data analysis.
2. Discuss the limitations of your data analysis.
3. Recommend a course of action based on your results.
Do you want your assignment written by the best essay experts? Then look no further. Our teams of experienced writers are on standby to deliver to you a quality written paper as per your specified instructions. Order now, and enjoy an amazing discount!!
You May Also Like This:
- The Price of Doing Good: Consequences of Ethical Decision Making
- Improving Decision Making
- Leadership Decision Making
- Military Decision Making Process (MDMP) Exam
- BUS520-TD2-4-Business Analytics and Decision Making
- Overview of Decision Making
- The Military Decision Making Process (MDMP)
- Strategic and Financial Decision Making
- Decision-Making Biases and Pitfalls
- Economic Choice & Economic Decision Making
- Information Management for Decision Making
- Applying Decision-Making Skills
- Cost and Decision-Making Analysis
- Case Study on Ethical Decision Making
- Importance of business intelligence and data analytics to public and private sector organisation.
- Paramedic decision making in Low Acuity
- Managerial Decision Making Research and Analysis
- Who makes the decisions in the family holiday-taking decision-making process? Critically evaluate this question by means of a detailed literature review.
- Literature search to select a qualitative research study data analysis, sample size and data collection, qualitative research design, participants, research approach, data management
- Statistics for Health Management Decision Making
- Comparative Company, Industry, and Economic Data
- Healthcare Informatics:Adverse Trend and Data Management
- Making Ethical Decisions
- Managing Data
- Database and Data Warehousing Design
- Techniques and Tools for Managing the Data
- Analysis / Forecasting Data
- NR443-14471 Week 1 Discussion: Social Factors Go online to the U.S. Census Bureau at https://www.census.gov/quickfacts/ (Links to an external site.) (*note, you will be using this website in the Week 2 assignment, so you can get started on collecting all the required data if desired)
- Big Data
- Data Mining Assignment 2