Identify and describe a real-world business situation that could be addressed by collecting and analyzing a set of data. Use real data to perform a data analysis leading to an actionable recommendation/solution. You are encouraged to select an issue in business law or public area.
- 1. Summarize one question or decision relevant to the real-world business situation that you will answer by collecting and analyzing a set of data.
- 2. Explain why the situation or question would benefit from a data analysis.
- 3. Describe the relevant data you collected (include a link to its location in the references page).
- 4. Create an appropriate graphical display (e.g., bar chart, scatter plot, line chart, or histogram) of the data you collected.
- 5. Describe the data analysis technique that you used to analyze the data.
- 6. Include the output and any calculations of the analysis you performed.
- 7. Justify why you chose this analysis technique.
- 8. Discuss the results of your data analysis.
- 9. Discuss the limitation(s) of your data analysis.
Sample Solution
