Techniques for Data Gathering and Storage

Topics: Decision making, Critical thinking, Business Decision Mapping Pages: 9 (1591 words) Published: June 20, 2013
ASSIGNMENT

|Academic Year |2012/2013 | |Programme Title |Edexcel BTEC HND Diploma in Business (QCF) | |Unit Title |Business Decision Making | |Unit No. |Unit 6 | |Unit Code |D/601/0578 | |Assignment No. |01 | |Level |Level 5 - HND | |Credit value |15 credits | |Deliverer |Mr. Patrice Seuwou | |Assessors |Mr. Patrice Seuwou | |Handout Date | | |Hand in Date |29/05/2013 |

Assignment Introduction

The assignment gives you the opportunity to develop techniques for data gathering and storage, an understanding of the tools available to create and present useful information, in order to make business decisions.

Learning outcomes

On successful completion of this assignment you will be able to:

1 Be able to use a variety of sources for the collection of data, both primary and secondary

2 Understand a range of techniques to analyse data effectively for business purposes

3 Be able to produce information in appropriate formats for decision making in an organisational context.

4 Be able to use software-generated information to make decision making in an organisation.

Assignment

Focusing on a work role, previous work experience or a voluntary work position, using examples from your own workplace experiences where possible, and drawing on your studies of this subject, please answer ALL four sections below.

Section 1

Use and understand a variety of sources for the collection of data, both primary and secondary.

You will need to:

• Create a plan for the collection of primary and secondary data for a given business problem

• Present the survey methodology and sampling frame used

• Design a questionnaire for a given business problem

Section 2

Understand a range of techniques to analyse data effectively for business purposes.

You will need to:

• Create information for decision making by summarising data using representative values.

• Analyse the results to draw measures of dispersion to inform a given business scenario.

• Analyse data using measures of dispersion to inform a given business scenario.

• Explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context.

Section 3

Produce information in appropriate formats for decision making in an organisational context.

You will need to:

• Produce graphs using spreadsheets and draw valid conclusions based on the information derived.

• Create trend lines in spreadsheet graphs to assist in forecasting for specified business information

• Prepare a...
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