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HC1062 Decision Making Tutorial

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HC1062 Decision making and problem solving

Final Tutorial Assignment Questions Due: 11:59pm 13th  October 2020

Weighting:  50%

Total Marks: 50 marks

Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this HC1062 unit

Unit Learning Outcomes Assessed:

In your business career you will face many decisions. This subject examines the techniques available for undertaking research, analysing data, identifying alternatives, making choices and formulating recommendations.

Research that is well planned and well executed can improve the quality of business decisions. This subject will explore the alternatives available for undertaking research and equip students with the skills required to manage effective research projects.

Description:  Each  week  students  were  provided  with  three  tutorial  questions  of  varying degrees of difficulty.   These tutorial questions are available in the Tutorial Folder for each week  on  Blackboard.  The  Interactive  Tutorials  are  designed  to  assist  students  with  the process,  skills  and  knowledge  to  answer  the  provided  tutorial  questions.   Your  task  is  to answer  a  selection  of  tutorial  questions  for  weeks  2,  3,  4,  5,  8  and  11  and  submit  these answers in a single MS word document.

Requirements: Please note all questions are compulsory. Furthermore, it is important when you answer the questions, you do not just copy and paste the answers from other sources, but rather, try to paraphrase it and provide 2 – 5 references (in- text referencing) per question. Where the word limit is not specified, you are required to write in between 200-300 words.

The questions to be answered are;

Question 1 (Week 2 Tutorial)

Discuss in about 300 words the Hierarchy of the information- based business decision makers. Which level has the best chance of success and why? (7 marks)

Question 2 (Week 3 Tutorial)

The business research process involves a series of steps that systematically investigate a problem facing the organization.  Select one example of a business problem and in about 500 words, discuss the sequence of steps that can be followed to conduct the business research to help in decision making. (11 marks)

Question 3 (Week 4 Tutorial)

Case studies usually involve in-depth and detailed examination of a particular case and are widely  used  in  exploratory  investigations.  Describe  in  detail  the  three  major  types  of asymmetrical causal relationships. Provide relevant example for each type (7 marks)

Question 4 (Week 5 Tutorial)

The qualitative data collection takes many forms but interviewing and observing are among the  most  frequently  used.  Describe  in  detail  the  different  interview  formats  used  in  the gathering of qualitative data. Provide relevant examples of the scenarios where each format is more appropriate. (7 marks)

Question 5 (Week 8 Tutorial)

Differentiate  the following  set  of  terms  in  relation  to  evaluation  of  the measurement  tools. Provide relevant examples. (7 marks)

a)   Validity, Reliability, and Practicality b)   Content, Construct and Criterion

Question 6 (Week 11 Tutorial)

a) Select an appropriate graph to present the data in the table below. Briefly explain your graph highlighting the keys points between 2019 and 2020 (Hint: Use MS Excel to produce the selected graph).  (6 marks)

All arrivals to Australia in April 2019 and in April

2020

Country of citizenship                    Apr-19         Apr-20

New Zealand                                   163,130            1,180

India                                                   53,450               990

UK                                                     83,960               530

Philippines                                         23,070               360

China                                               132,360               320

Pakistan                                               4,780               280

Indonesia                                           17,870               270

Germany                                            17,900               220

Malaysia                                            36,670               220

USA                                                   63,270               200

Australian Bureau of

Source

Statistics

b) Briefly explain the meaning of the following terms. Provide at least one relevant example (5 marks)

•     Central limit theorem

•     Confidence interval

•     Confidence level

•     Interval estimate

•     Point estimate