Purchase Solution

Discussing the Use of Statistical Tools and Surveys in Business

Not what you're looking for?

Ask Custom Question

Answer the following questions separately and completely.

Part 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.

Part 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?

Purchase this Solution
Solution Summary

The solution links the ideas of using Excel in a business setting and the ethical issues in creating employee profiles to ideas of the importance of sound business processes. 340 words.

Solution Preview

Part 1:Excel is a very powerful tool - and I use it every single day in my work place to interpret data. I could use it to calculate means, frequencies, standard deviations - all of these are necessary to conduct statistical testing. I could conduct a regression analysis which will help my firm build forecasting models. There are also may more statistical functions that could be conducted using Excel - if a person does not have access to a more powerful program ...

Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency

This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.

Terms and Definitions for Statistics

This quiz covers basic terms and definitions of statistics.

Measures of Central Tendency

Tests knowledge of the three main measures of central tendency, including some simple calculation questions.

Know Your Statistical Concepts

Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.

View More Free Quizzes
Related BrainMass Solutions

  • Research Tools Used in Primary and Secondary Research

    233035 Primary and Secondary Research: Differentiate among the research tools used in primary and secondary research Prepare an answer in which you differentiate among the research tools used in primary and secondary research.

  • Randomized Placebo-Controlled Trial

    The main reason for the use of a placebo by the researchers in this study was to achieve participant blinding and it was a double blind study. - What data collection methods/tools are used?

  • Semester and we have an opening presentation

    (vii) Sales control ( through the statistical data pertaining to market studies, consumer preferencse studies, trade channel studies and readership surveys etc) Statistical tools of probability and expectation are extremely useful in Life Insurance

  • decision Making in an Organization

    The tools are often surveys of students, faculty, and staff. There is also the use of the informal grapevine, grade evaluations, and number of staff and students needed to keep the operations viable.

  • Discussing Analytical and Integrative Tools

    520336 Discussing Analytical and Integrative Tools Scenario: You enter your meeting with Mike and Tiffany to hear them discussing the tools that they have found to conduct an analysis of the industry and competitors.

  • Identify How Your Company Uses Quality Management

    How can you improve the scores on the customer surveys? For the retail business that I work in we use the following methods of quality management; we use customer satisfaction surveys (both in the store, and e-mailed/texted to the customer).

  • Marketing Research Blunders

    One example of marketing research that a small business could use to gather the information needed would be surveys.

  • Discussing Statistical Quality Improvement

    Constantly and forever improve the systems of production and services & institute a vigorous program of education and training for everyone: This is possible only with the use of statistical tools and the one of the important thing for training is statistical

  • Analyze scenario to lower price for their FiOS Internet service

    In addition to this, the company can also make use of telephone surveys, mail surveys and online surveys according to their own need and budget (The Five Basic Methods of Marketing Research, 2010). ?

View More Related Solutions