01 Oct Critical thinking and analysis are valuable skills for professionals in any industry.
Business Analytics and Decision Making
DESCRIPTIVE STATISTICS AND VISUAL DISPLAYS
Assignment Overview
Professional Application with Excel
Critical thinking and analysis are valuable skills for professionals in any industry. Exploring data can include financials, sales figures, benchmarks, or survey results. While data is everywhere, it is meaningless unless we can use it to support decision-making.
Tables, graphs, and output from Excel may be non-sensical. This is where the analyst comes in; their knowledge and expertise are used to interpret results. If a visual or output cannot be easily explained, then it may not be useful.
Case 1 Resources
Load the Analysis ToolPak in Excel
Available chart types in Office
Analyze Data in Excel
Differences between histograms and bar charts
How to Label Figures in APA Format
Case Assignment
Industry Research and Analysis with Excel
Research the industry listed in the Excel sheet. Using a US Industry Report in IBISWorld’s Industry Research, provide a one-page background of the industry. Find a balance between explanations, data and statistics provided. You must decide what information should be included in this section.
(IBISWorld Research support required) This section must be one page in length.
Next, create a histogram for each of the four survey measures. Describe the skew and spread. Make connections between analysis of each histogram and the “descriptives” from Module 1 SLP. Using research on the state of the industry, provide rationale for the results. (Research support required)
Finally, use Analyze Data in Excel. Select three of the suggestions and add them to this report.
Insert Chart in Word.
Describe the findings. Link to information from “descriptives.”
Discuss implications for the industry. (Make connections with the research from IBISWorld).
Case 1 Assignment Guidance Files
BUS520 Case 1 Assignment Video Guidance BUS520 Case 1 Assignment Guide
No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: failure to use research with accompanying citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate.
This is the Data set that will be used for class.
If you procure old assignments from students or websites and use the data for your assignment, you will receive a zero because it is considered a violation of the University’s academic integrity policy. The case will be referred and become part of your collegiate record. In certain circumstances, you may be awarded an F for the course.
If you are taking this class for a second time, submission of past work involving the data sets will result in a zero for the assignment. Your answers will be wrong since you are working with a different set of numbers and a different industry.
