Data-Driven Decision Making
- Describe a real-world business situation that could be addressed by collecting and analyzing a set of data.
- Summarize one question or decision relevant to the real-world business situation you will answer by collecting and analyzing a set of data.
- Explain why the situation or question would benefit from a data analysis.
- 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
- Describe the data gathering methodology you will use to collect data.
- Identify the appropriate data analysis technique you will use to analyze this data (e.g., linear programming, crossover analysis, t-test, regression).
- Explain why the data analysis technique you chose is an appropriate technique to analyze the data collected.