Major types of asymmetrical causal relationships

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Reference no: EM132660241

HC1062 Decision Making and problem solving - Holmes Institute

In your business career you will face many decisions. This subject examines the techniques available for undertaking research, analysing data, identifying alternatives, making choices and formulating recommendations.

Research that is well planned and well executed can improve the quality of business decisions. This subject will explore the alternatives available for undertaking research and equip students with the skills required to manage effective research projects.

Question 1
Discuss in about 300 words the Hierarchy of the information- based business decision makers. Which level has the best chance of success and why?

Question 2
The business research process involves a series of steps that systematically investigate a problem facing the organization. Select one example of a business problem and in about 500 words, discuss the sequence of steps that can be followed to conduct the business research to help in decision making.

Question 3
Case studies usually involve in-depth and detailed examination of a particular case and are widely used in exploratory investigations. Describe in detail the three major types of asymmetrical causal relationships. Provide relevant example for each type.

Question 4
The qualitative data collection takes many forms but interviewing and observing are among the most frequently used. Describe in detail the different interview formats used in the gathering of qualitative data. Provide relevant examples of the scenarios where each format is more appropriate.

Question 5
Differentiate the following set of terms in relation to evaluation of the measurement tools. Provide relevant examples.
a) Validity, Reliability, and Practicality
b) Content, Construct and Criterion

Question 6
a) Select an appropriate graph to present the data in the table below. Briefly explain your graph highlighting the keys points between 2019 and 2020 (Hint: Use MS Excel to produce the selected graph).

All arrivals to Australia in April 2019 and in April 2020

Country of citizenship	Apr-19	Apr-20
New Zealand	163,130	1,180
India	53,450	990
UK	83,960	530
Philippines	23,070	360
China	132,360	320
Pakistan	4,780	280
Indonesia	17,870	270
Germany	17,900	220
Malaysia	36,670	220
USA	63,270	200
Source	Australian Bureau of Statistics

b) Briefly explain the meaning of the following terms. Provide at least one relevant example
• Central limit theorem
• Confidence interval
• Confidence level
• Interval estimate
• Point estimate

Reference no: EM132660241

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