Data Driven Decision Making
MRN4LF
VPT2_Task_1_Template.docxData Driven Decision Making Template
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ID number: |
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Date: |
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PROMPT |
RESPONSE |
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B. Describe a real-world business situation that could be addressed by collecting and analyzing a set of data.
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B1. Summarize one question or decision relevant to the real-world business situation you will answer by collecting and analyzing a set of data.
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B2. Explain why the situation or question would benefit from a data analysis.
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B3. 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.
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B4. Describe the data gathering methodology you will use to collect data.
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B5. Identify the appropriate data analysis technique you will use to analyze this data (e.g., linear programming, crossover analysis, t-test, regression).
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B5a. Explain why the data analysis technique you chose is an appropriate technique to analyze the data collected.
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C. Sources Used (if applicable)
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