1. You have received a business research study done by a consultant for a life insurance company. The study is a survey of customer satisfaction based on a sample of 600. You are asked to comment on its quality. What do you look for?
The first thing that I would look for is how the sample is drawn by the consultant. 600 is a bulky sample, there could be many ways in which unfairness keeps into an unacceptably drawn sample. If the sample is an ease sample or other non-probability sample, this may perhaps call into question many of the statistical methods that were later used to conduct this study.
Another thing I would look for is the type of analysis that was completed. I would question the approach that was used; I would want to make sure that the hypothesis behind the model was 99% confident. If a t-test was used, we'll need to check to see if the normal assumption is reasonable. If there is a test of proportions, I would want to make sure that the normal approximation is acceptable
2. In your organization’s management development program, there was a heated discussion between people who claimed that theory is impractical and not effective, and others who claimed that effective theory is the most practical approach to problems. What position would you take and why?
I would take the position that effective theory is the most prudent approach to problem-solving. The rationale for taking this position is the amount of factual research that has gone into the development of effective theory, it has a confirmed footpath and the approach to generating practical solutions is more logical than the trial and error approach.
3. What is the relationship between deductive and inductive arguments? Why are both types valuable in research? Provide examples of each type, illustrating benefits of their usage. According to our text, Deductive reasoning takes all of the given essentials and uses...