Data-Driven Decision Making:describe a real-world business situation that could be addressed by collecting and analyzing a set of data.

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Data-Driven Decision Making

  1. Describe a real-world business situation that could be addressed by collecting and analyzing a set of data.
  2. Summarize one question or decision relevant to the real-world business situation you will answer by collecting and analyzing a set of data.
  3. Explain why the situation or question would benefit from a data analysis.
  4. 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
  5. Describe the data gathering methodology you will use to collect data.
  6. Identify the appropriate data analysis technique you will use to analyze this data (e.g., linear programming, crossover analysis, t-test, regression).
  7. Explain why the data analysis technique you chose is an appropriate technique to analyze the data collected.