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Data Driven Decision Making Template Data Driven Decision Making Template Student name:

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Data Driven Decision Making Template Data Driven Decision Making Template Student name: ID number: Date: PROMPT RESPONSE B. Describe a real-world business situation that could be addressed by... collecting and analyzing a set of data. Determine the busiest time of year for Bouncy House Rentals. B1. Summarize one question or decision relevant to the real-world business situation you will answer by collecting and analyzing a set of data. Is there a significant difference in frequency of Bouncy House Rentals between Q1, Q2, Q3, and Q4. B2. Explain why the situation or question would benefit from a data analysis. To know when the busiest time of the year is to hire more staff or buy more rentals to satisfy more customers. 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. Collecting and Compiling secondary data from the business and determine how many rentals were in each quarter. B4. Describe the data gathering methodology you will use to collect data. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

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