1. Describe ways in which the use of MS Excel as a tool for interpreting data can be used by a manager of an organization.
2. What potential legal and ethical issues could arise if the information gained in this survey was used to create an ideal profile of characteristics that the company looked for when hiring employees?© BrainMass Inc. brainmass.com October 16, 2018, 9:01 pm ad1c9bdddf
1. MS Excel is a highly efficient statistical and mathematical tool that can be used in interpreting data both in academic and commercial environments. It can be used extensively in accounting applications by managers wherein it can help prepare balance sheets, tabulation, calculations like addition, subtraction, multiplication of prices with number of purchases, comparisons and sorting. In statistical applications, and range can be used with the Descriptive Statistics facility. Besides, it is also used in hypothesis testing which are so important in managerial decision making. To test the claims on advertising, mean sales, variances or risk factors in investments and the like, certain Addins like Megastat, XLStat, etc can be installed which can perform the five step-hypothesis testing procedure easily. Normal distribution, Poisson Distribution, Binomial Distribution, Uniform Distribution, Weibull Distribution, and other probability ...
This solution discusses data interpretation and legal/ethical issues in an organization.
Strategy: 90% execution and 10% planning, which is most important to hire.
My hypothesis is that business success is 90% execution and 10% planning. It seems execution is vital to success, but do you agree with the 90-10% split?
You are a manager who has the choice (only one) of,
a) hiring a super strategic planner and an average implementer, or
b) hiring a super implementer and an average strategic planner.
The choice you make directly impacts your job and pay. What choice do you make? Why?View Full Posting Details