Assignment on Business Decision Making- UKCBC

Added on -2020-02-17

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BUSINESS DECISIONMAKING
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3a) Create a plan for collecting data from students across all campuses.......................................3b) Present the survey methodology and sampling frame used.....................................................4c) Design questionnaire for collecting the data............................................................................4TASK 2............................................................................................................................................6a) Summarize the data collected from the survey by using representative values.......................6b) Analyze the results of the survey and draw conclusion...........................................................8c) Analyze the data using measures of dispersion.......................................................................8d) Calculation of quartiles, percentiles and the correlation coefficient.......................................9Task 3.............................................................................................................................................10a) Graphical presentation...........................................................................................................10b) Trend line...............................................................................................................................15C) Presentation...........................................................................................................................16d) Formal report.........................................................................................................................16Task 4.............................................................................................................................................17a) Information processing tools.................................................................................................17b) Project plan and critical path.................................................................................................17c) Investment decisions..............................................................................................................18CONCLUSION..............................................................................................................................19References......................................................................................................................................21
INTRODUCTIONAnalytic are most important that are used by most of the firms, industry, organisation andother agencies for the purpose of enhancing the business performance. In the present assignmentthere is a discussion on the UKCBC In which there is a survey is done under which theresearcher has been investigating to understand the students experienced and satisfaction level.For this UKCBC adopts the 20 sampling method for which they prepare questionnaire that aredistributed among the college students. Furthermore, there are various statistical tools are usedmean, mode, median, correlation, percentile and quartile is adopted. TASK 1a) Create a plan for collecting data from students across all campusesThe researcher require to conducting investigation to analyze the situation of researchsubject. Thus, to carry out the research in most effective manner there are two collection dataprimary and secondary sources. It is one the best tool to gathered a data and these two methodare different from each other. Therefore, the secondary data are required by the investigator atthat time when they have to carry out research quicker than they gathered from various sources.Thus, these source are already used by some other person which has been collected from varioussources such as journals, books, newspaper, magazines and other reports etc. The mostsignificance of obtaining data is that it consist all relevant information that are based upon thehistorical data (Siemens and Long, 2011). Further, to carry out the research properly thesecondary sources are one of the best method that results are based upon the past year data. Itgives an overview of past conditions of a company and provides direction that are required tocarrying out the research. Beside this, there is a one more data collection method that is primarysources which is also significant to carry out investigation in most desired way. Thus, itfacilitates present and past situation of a company that are not remains same as consistentlychanging. Henceforth, past information is not sufficient to carry out investigation for a future asit is only useful to understand the past situation of a firm. Apart from primary source datacollection there is also an equally important of secondary data. In the present case scenario thedata are obtained from 20 respondents which are of students of UKCBC to know theirexperience and also satisfaction level.
b) Present the survey methodology and sampling frame usedThe survey methodology is a technique that are associated with the survey data collectionthat are mainly involves a questionnaire construction, it is a process of ask more than questionthat can be say yes or not or even not answer by respondents. The survey includes all importantdata regards to public information and research fields such as health professionals, psychology,sociology and marketing research. There are various sampling methods for conducting research adopted by UKCBC that arementioned as follows:- Simple random sampling: It is that that type of sampling which is used commonly toconduct research which is relating to government projects. Most of the higher level ofauthorities carry out survey time to time that is considered to general public. Under this,for the sample used in simple random sampling population is to be taken which is used onrandom basis. It can be said in other words that the sample units are taken under thismethods that is based upon random basis from sample of population of the particulargeographic area. Stratified random sampling: It is the unique sampling units that are taken from thepopulation for this investigator set out some parameters. It is based upon same populationfor the investigator as the main purpose of research study is that to understand theexperience and Satisfaction level of UKCBC 's students. Therefore, it is most vital toselecting a several types of population that are different from each other that areconsidered of education and income level etc (Zikopoulos and Eaton, 2011). Thus, togather information on various different parameters to understand the experience ofUKCBC students. Cluster sampling: It is that type of sampling method which is similar to stratified randomsampling method. Under this method, a particular specific area is taken for the purpose ofdivide them into a smaller parts. It is the most useful method for the investigator and thesample units are to be select from the various geographical area.c) Design questionnaire for collecting the dataQuestionnaireStudents experience and satisfaction information of UKCBC
Name.....Age.......Gender...1.How much you are satisfied with the college studies at the UKCBC?Satisfied ( )Highly satisfied ( )Neutral ( )Dissatisfied ( )Very dissatisfied ( )22What rate would you like to give the following aspects of educational experience? PoorFairGoodVery goodExcellentCourseavailability( )( )( )( )( )Quality of theteachingfaculty( )( )( )( )( )Academicadvising( )( )( )( )( )Fellowstudent'sacademicability( )( )( )( )( )Value of theeducation forthe price( )( )( )( )( )3.What rate would you like to give for the following facilities/ services at the UKCBC?PoorFairGoodVery goodExcellentLibrary ( )( )( )( )( )Parking( )( )( )( )( )Studentsresidences( )( )( )( )( )
Sports andfitnessfacilities( )( )( )( )( )Publictransportation( )( )( )( )( )4.Would you like to gives anything else to share about the satisfaction level with stundentscampus life?5. Would you like to share regards to satisfaction level with our support services as well asfacilitate?TASK 2a) Summarize the data collected from the survey by using representative values1300002350003370004340005320006Mean33600Median34000Mode#VALUE!

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