Identify the types of descriptive statistics

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Reference no: EM131247387

Business Decision-Making Project Part 1

Identify a business problem or opportunity at a company where you work or with which you're familiar. This will be a business problem that you use for the individual assignments in. It should be a problem/opportunity for which gathering and analyzing some type of data would help you understand the problem/opportunity better.

Identify a research variable within the problem/opportunity that could be measured with some type of data collection.

Consider methods for collecting a suitable sample of either qualitative or quantitative data for the variable.

Consider how you will know if the data collection method would be valid and reliable.

Develop a 1,050-word analysis to describe a company, problem, and variable.

Include the following in your submission:

  • Identify the name and description of the selected company,
  • Describe the problem at that company,
  • Identify one research variable from that problem,
  • Describe the methods you would use for collecting a suitable sample of either qualitative or quantitative data for the variable (Note: do not actually collect any data)
  • Analyze how you will know if the data collection method would generate valid and reliable data (Note: do not actually collect any data)

Format your assignment consistent with APA guidelines.

Business Decision Making Project Part 2

Use the same business problem/opportunity and research variable you wrote.

Develop a 1,050-word report in which you:

  • Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample.
  • Analyze the types of inferential statistics that 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 that linear regression for trend analysis might play in helping address the business problem.
  • Analyze the role that a time series might play in helping address the business problem.

Format your assignment consistent with APA guidelines.

Business Decision Making Project Part 3

Prepare an 11- to 15-slide Microsoft PowerPoint presentation for the senior management team based on the business problem or opportunity you described.

 Include on the slides what you'd want the audience to see (include appropriate visual aids/layout) and include in the Speaker's Notes section what you'd say as you present each slide. If any source material is quoted or paraphrased in the presentation, use APA citations and references.

Draw on material you developed in the assignments.

Include the following in your presentation:

  • Introduction slide
  • Agenda slide
  • Describe the organization, with a brief description
  • Explain the business problem or opportunity
  • Analyze why the business problem is important
  • Identify what variable would be best to measure for this problem. Explain why.
  • Apply data analysis techniques to this problem (tell which techniques should be used: descriptive stats, inferential stats, probability, linear regression, time series). Explain why.
  • Apply a possible solution to the problem/opportunity, with rationale.
  • Evaluate how data could be used to measure the implementation of such a solution.
  • Conclusion
  • References slide (if any source material is quoted or paraphrased throughout the presentation).

Reference no: EM131247387

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