Ba business management and ba business management with industrial experience year 2 session 2008/09 december diet quantitative methods date: december 2008 time: 2 hours examiners: instructions to candidates answer three questions from four – each question is worth 20 marks number of sections: 1 number of pages: 5 including front cover to be supplied: formula sheet, graph paper, statistical tables answer three questions. Each question is worth 20 marks question 1 a finance company is concerned about the time that employees spend surfing the w. The company has taken a random sample of 40 employees and has automatically recorded the time each employee has spent surfing on the last friday in march. 23 11 54 35 21 15 33 13 17 56 12 90 5 32 15 67 17 12 120 34 128 5 76 34 130 45 67 106 19 69 37 94 10 25 31 57 28 100 32 80 table: surfing duration minutes on the last friday in march for a random sample of 40 employees. I calculate the five number summary for the data 5 marks ii draw a boxplot 5 marks i classify the data into a frequency table, using intervals 0 to 9, 10 to 19 etc 5 marks iv write a report on your findings and indicate any additional information you would require.

Question 2 the quality control department of a borders knitwear company employs a rigorous process of. As shown as the figure above, the highest emv decision is conduct survey with emv value of $24,160. Kent jackson 11am 1pm quantitative techniques are mathematical and reproducible. Quantitative techniques are applied for business analysis to optimize decision making ie profit maximization and cost minimization.

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It covers linear programming models and other special algorithms, inventory and production models. Albert humphrey, a management consultant who specialized in organizational management, devised the swot analysis technique at stanford research institute in the 1960s. Today, not only large corporations but also nonprofit and government agencies employ swot analysis. An enhanced method, known as the six forces model, further helps to quantify competition, buyers and suppliers.

Identify strengths and weaknesses to assess whether the desired end state is possible. Use swot analysis in strategic planning, crisis management and feasibility studies. Apply swot analysis techniques in academic environments for developmental studies. Use swot analysis to figure out how to exploit each strong point and minimize each disadvantage. Swot analysis techniques facilitate decision making by classifying and categorizing factors that influence the outcome of activities.

Identifying the strengths or weaknesses of your product, price, place of sale and promotion strategy in concert with listing economic, technological and legal factors help you identify your competitive position. Quantitative data help you to justify how important each activity is to your company swot analysis is typically identified as one of two types: planning or marketing. Corporate planning involves setting objectives, assessing abilities, analyzing current strategies, developing new strategies or preparing for different scenarios that might require intervention. Marketing analysis, on the hand, involves conducting research to gather opinions, for example, through surveys. The quantifiable results can reveal trends or validate hypotheses you have about how to market your product. Resist the temptation to abandon your objectives as unattainable without close scrutiny.

Use swot analysis to find new markets while avoiding markets for which your company is ill suited please sign up to read full document. quantitative research design introduction before we progress, just write down what you think quantitative methodology is about. In other words, just write a quick definition of what you consider to be quantitative methodology in research, and then click on the link below to see if it matches the one that i have included. So, there are several points that we can consider when we look at quantitative methodology, in terms of what it actually is. quantitative research is: a formal, objective, systematic process for obtaining quantifiable information about the world presented in numerical form, and analysed through the use of statistics used to describe and to test relationships used to examine the cause and effect of relationships. In effect, to put it simply, quantitative research is concerned with numbers, statistics, and the relationships between events/numbers. research design before we progress to explaining what you need to do when writing about the design of your quantitative study, first of all carry out the task in the box below.

Click on the hyperlink below to see the study design that was used for our example of a quantitative research proposal: your research design has already been decided to a large extent by you earlier opting for either a research question or a hypothesis. If you decided upon a hypothesis, then you made this decision because you have already decided that your study will be an experimental study in which you will be testing cause and effect relationships. If, however, you decided on a research question, then you have far more options as to the research design, including: see also chapter 5 in the accompanying book obviously which type of research design you use for your study will rely upon the aims and objectives of your study which in turn are encapsulated within the research question/hypothesis. All remaining aspects of your proposal will follow on from your study design, and this is why it is so important to get this right before moving on to these remaining aspects, including such concerns as: data collection data analysis sample size and requirements. Now it is time to try your hand at writing your proposal for a quantitative research study, and then, when happy that it will enable you to answer your research question, or to prove/disprove your hypothesis, you can add it to your developing research proposal. researcher detachment there is one other thing that we need to think about when designing our quantitative research study, and that is the role of the researcher.