Business Decision Making
P1 create a plan for the collection of primary and secondary data for a given business problem
P2 present the survey methodology and sampling frame used
P3 design a questionnaire for a given business problem1. Create a plan for the collection of data for your research on Sainsbury and present the survey methodology and sampling frame used. (P1, P2)
2. Design a questionnaire that will be administered to Sainsbury’s customers to assess their level of satisfaction. Address any data protection issues and ethical considerations for your research. (P3)
P4 create information for decision making by summarising data using representative values
P5 analyse the results to draw valid conclusions in a business context
P6 analyse data using measures of dispersion to inform a given business scenario
P7 explain how quartiles, percentiles and the correlation coefficient are used to draw useful conclusions in a business context
P12 use appropriate information processing tools
- Summarize the data using five representative values and measures of dispersion. Analyse the results to draw valid conclusions. (P4, P5, P6, P12)
- Identify the 25th, 50th, 75th percentiles of the
- Sales variables. Explain their use,
- Operating Profit variables. Explain their use (P7, P12)
- Estimate the correlation coefficient between sales and operating profit for Sainsbury’s. Comment on the possible relationship between these variables
(P7, P12)
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