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Teaching Since: | May 2017 |
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MCS,MBA(IT), Pursuing PHD
Devry University
Sep-2004 - Aug-2010
Assistant Financial Analyst
NatSteel Holdings Pte Ltd
Aug-2007 - Jul-2017
Question description
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Subject: Project 4 - Conduct Quantitative Analysis
https://youtu.be/Bp266LPKZ5MOver this two-week period, you will use mathematical operations and data analysis to solve problems and inform decision making. Your final assignment will be the creation of a comprehensive Excel workbook with supporting charts and graphs and a short analysis of the data.
This project will enable you to refresh and refine your skills in math and statistics before you tackle a real-world data set using Excel to analyze and display the data.
Quantitative reasoning uses a process similar to the qualitative research process in that you will first identify an issue or problem and then use mathematical formulas or an analytic tool to derive a solution. You will construct graphs, charts, and tables to display data and inform analysis and interpretation. You will evaluate the results of the information, draw analyses and validate them by applying them to the issue or problem.
This project will enable you to see the connection between data and how the use of quantitative analysis of that data informs solutions to practical problems with potential impact on your organization or industry.
There are 10 steps that lead you through this project. Each step should take about two hours to complete. Begin by watching the video above, which introduces the project as it might occur in the workplace, then continue with
Step 1: Refresh Your Math, Statistics and Excel Skills
When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.
Now that you’ve assessed and refreshed these important skills, you’re ready to begin. First download the Excel template course file and use it to set up your spreadsheet. This step has you set up your basic view in preparation for the use of several tools.
After you’ve formatted and set up your basic view and saved it with your name, you’re ready to move to the next step and add data.
With your spreadsheet set up and saved with your last name, you’re ready to add data. In Section 1 on the Data page, complete each column of the spreadsheet to arrive at the desired calculations.
When you’re ready, move on to the next step, where you will use functions to summarize the data.
With your data built, you are now ready to start using some tools to summarize the data, using Countif and the Sum function to do the math. In this step, you'll begin to see patterns in the data and the story of the workforce.
Take a breather here if you need it. You should strive to work through the first four steps this week. Check in with your instructor.
With this step complete, you’re ready to begin your analysis.
You’ve summarized the data, and next, you will employ descriptive or summary statistics to analyze the workforce. Your summary table described "how many." Now you will calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution. This is where it gets interesting!
Your data set in Tab 1 should now be built. Next, you’ll create Tab 2: Excel Summary Stats.
With your data set built, you will now use the Analysis Toolpak to do those same functions. This is a handy feature to know. Remember that there may be some minor differences in the answers depending on the version.
You should now have Tab 2 complete: Excel Summary Stats. Next, you’ll create charts and a histogram for Tabs 3 and 4.
Where would we be without the ability to view data in charts? It is sometimes easier to grasp context of data if we can see it captured in an image. In this step, you will work with data to create charts, adding a tab for charts, and another for a histogram.
In this step, you will build Tab 3: Graphs—Charts and Tab 4: Histogram. After you complete these tabs, you’ll be ready to sort the data.
You’ve accomplished a lot with your data set, summary stats, charts, and histograms. Another skill you’ll need to be able to do is sort data in an Excel worksheet for reporting purposes. You’ll copy and sort the data.. This is a good skill that applies to any Excel application.
In this step, you will create Tab 5: Sorted Data. When you’re finished, you’ll be ready to conduct your quantitative analysis.
See below for example of sorted spreadsheet.
In this step, your hard work bears fruit. What does it all mean? Think back to your boss's reasons for tasking you with this project. Bring your powers of analysis to bear to determine what the data may be telling you. Apply your quantitative reasoning skills by answering the questions provided in the resource and writing a short essay.
After you answer the questions, your short essay should include:
Prepare your response in this workbook. Create a tab for Quantitative Analysis, create a text box, and paste your answers to above questions and your essay in it. Move the tab to the first tab position.
Good job! In the next step, you’ll submit your workbook and analysis.
You’re now ready to submit your workbook and analysis. Review the requirements for the final deliverable to be sure you have:
Before you submit your assignment, review the competencies below, which your instructor will use to evaluate your work. A good practice would be to use each competency as a self-check to confirm you have incorporated all of them in your work.
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