Major Workbook Project Data analysis and informed decision-making-Excel

in /by

Major Workbook Project Data analysis and informed decision-making-Excel

Over a two week period, you will use mathematical operations and data analysis to solve problems and inform decision-making. This project will enable you to refresh and refine your skills in math and statistics before tackling a real world data set and using a software application or analytic tool to analyze and display the data in a way that will inform decisions. Using a process similar to the qualitative research process, you will identify an issue or problems and use mathematical formulas or an analytic tool to derive a solution. You will construct graphs, charts, and tables as necessary to inform analysis and interpretation. Communicating key mathematical information, you will evaluate the results and draw analyses and validate them. This project will enable a deeper understanding of the connection between data and how it informs solutions to practical problems with potential impact on your organization or industry.

Quantitative reasoning uses a process similar to the qualitative research process in that you will first identify an issue or problem and then use mathematical formulas or an analytic tool to derive a solution. You will construct graphs, charts, and tables to display data and inform analysis and interpretation. You will evaluate the results of the information, draw analyses and validate them by applying them to the issue or problem.

This project will enable you to see the connection between data and how the use of quantitative analysis of that data informs solutions to practical problems with potential impact on your organization or industry.

See attached spreadsheet template

With your data built, you are now ready to start using some tools to summarize the data, using Countif and the Sum function to do the math. In this step, you’ll begin to see patterns in the data and the story of the workforce.

Take a breather here if you need it. You should strive to work through the first four steps this week. Check in with your instructor.

With this step complete, you’re ready to begin your analysis.

You’ve summarized the data, and next, you will employ descriptive or summary statistics to analyze the workforce. Your summary table described “how many.” Now you will calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution. This is where it gets interesting!

Your data set in Tab 1 should now be built. Next, you’ll create Tab 2: Excel Summary Stats.

With your data set built, you will now use the Analysis Toolpak to do those same functions. This is a handy feature to know. Remember that there may be some minor differences in the answers depending on the version.

You should now have Tab 2 complete: Excel Summary Stats. Next, you’ll create charts and a histogram for Tabs 3 and 4.

You’ve accomplished a lot with your data set, summary stats, charts, and histograms. Another skill you’ll need to be able to do is sort data in an Excel worksheet for reporting purposes. You’ll copy the data so that you can learn how to sort it. This is a good skill that applies to any Excel application.

In this step, you will create Tab 5: Sorted Data. When you’re finished, you’ll be ready to conduct your quantitative analysis.

See below for example of sorted spreadsheet.

Example of the Excel sheet with data sorted by region

In this step, your hard work bears fruit. What does it all mean? Think back to your boss’s reasons for tasking you with this project. Bring your powers of analysis to bear to determine what the data may be telling you. Apply your quantitative reasoning skills to answer five questions that demonstrate your interpretation of the data. The questions are located on the QR Questions_Responses tab in your workbook.

After you have answered the five questions, please finish the project by writing a short essay. Your short essay will include:

  • a one-paragraph narrative summary of your findings, describing patterns of interest
  • an explanation of the potential relevance of such patterns
  • a description of how you would investigate further to determine if your results could be perceived as good or bad for the company.

Prepare your responses in your workbook on the QR Questions_Responses tab.

Good job! In the next step, you’ll submit your workbook and analysis.

When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.

  • 1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.
  • 1.2: Develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation.
  • 1.4: Tailor communications to the audience.
  • 1.5: Use sentence structure appropriate to the task, message and audience.
  • 1.6: Follow conventions of Standard Written English.
  • 3.1: Identify numerical or mathematical information that is relevant in a problem or situation.
  • 3.2: Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
  • 3.3: Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
  • 3.4: Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.

"You need a similar assignment done from scratch? Our qualified writers will help you with a guaranteed AI-free & plagiarism-free A+ quality paper, Confidentiality, Timely delivery & Livechat/phone Support.


Discount Code: CIPD30



Click ORDER NOW..

order custom paper