Assignment Brief- Unit 31- Sfm (1)
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
PEARSON BTEC HND IN BUSINESS
ASSIGNMENT BRIEF
UNIT 31: STATISTICS FOR MANAGEMENT
Assignment Brief
SFM Unit 31
Page 1
BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management QUALIFICATION: PEARSON BTEC HND IN BUSINESS Unit 31: Statistics for Management Unit code: R/508/570 Unit type: Optional Unit level: 5 Credit value: 15 TQT: 150 Assignment Titles: Effectiveness of Statistics for Management Assessor / Tutor: Anas Malik Assignment Approval Date: 02/09/2019 Draft Submission Date: 02/10/2019 Final Submission Date: 07/10/2019
Internal Verifier: Asma Zahoor Date Issued to Learners: 09/09/2019
Aims & Objectives of the Assignment Introduction The aim of this unit is to provide students with an understanding of how management information and decision-making are enhanced by the application of statistical methods. Students will learn about a range of statistical techniques and how they can inform management thinking. While studying the unit they will develop their numerical abilities and increase their confidence in handling data in order to create information and knowledge.
Learning Outcomes By the end of this unit a student will be able to: 1. Evaluate business and economic data/information obtained from published sources. 2. Analyse and evaluate raw business data using a number of statistical methods. 3. Apply statistical methods in business planning. 4. Communicate findings using appropriate charts/tables.
Assignment Brief
SFM Unit 31
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Essential Unit Contents LO1 Evaluate business and economic data/information obtained from published sources Interpretation of business and economic data: • The nature of data and information, and how data can be turned into information and information into knowledge. • Interpreting data from a variety of sources using different methods of analysis: descriptive, exploratory and confirmatory.
LO2 Analyse and evaluate raw business data using a number of statistical methods Statistical methods that are used to analyse and evaluate data: • Differences between qualitative and quantitative raw data analysis. Descriptive statistics: • Measures of central tendency (e.g. mean, median). • Measures of variability (e.g. range, standard deviation). • Application to business data (e.g. finding average earnings, measuring variability in business processes such as queuing times and customer arrival rates). Inferential statistics: • The difference between sample and population. • Different sampling techniques and methods. Measuring association: • Use of scatter plots, correlation and regression analysis, simple forecasting. • Business applications such as the association between output and cost, advertising and sales. • Evaluating use of software such as Excel and SPSS to perform raw data analysis. • Applying the appropriate methods and tools for evaluation of raw data.
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Essential Unit Contents LO3 Apply statistical methods in business planning Statistical methods for business planning: •
Applying statistical methods to a number of areas of business planning and operations management, including inventory management and capacity management.
Measures of variability: •
•
The issue of variability in business processes (e.g. arrival rates of customers and time taken to deal with customers), and how this leads to a trade-off between waiting time and process utilisation. Statistical process control in quality management.
Measures of probability: • Probability distributions and application to business operations and processes. • Normal distribution (e.g. weights and measures regulations and statistical process control), • Poisson distribution (e.g. customer arrival rates) and binomial distribution (e.g. inspection sampling). • Inference (e.g. margins of error and confidence limits).
LO4 Communicate findings using appropriate charts/tables Different variables: • Choosing the most effective way of communicating the results of your analysis and variables. • Nominal, ordinal and interval/ratio levels. Different types of charts/tables and diagrams: • The use of frequency tables, simple tables, pie charts, histograms, frequency curves and normal curve. • Advantages and disadvantages of different types of methods. • Presentation of information using tables and charts. • Software for producing charts/tables (e.g. Excel).
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Vocational Scenario Your Role: Junior Consultant in a consultancy firm Statistics for management is a specialty area of statistics which are applied in the business setting and helps management in effectively running their businesses and get the most out of their input. It can be used for quality assurance, financial analysis, production and operations, and many other business areas. Just as in general statistics, there are two categories: descriptive and inferential. Descriptive statistics are used to describe the total group of numbers. Inferential statistics infers relationships from the population of numbers. Staying at the top of the market place is not an easy tasks, the organisations need to constantly watch over the actions of the competitors by collecting the industry data and market research, analysing them and devising the strategy accordingly. McDonald's has built its success around a formula of providing a range of standardised high quality products quickly and cheaply. The McDonald's concept was originally developed in the USA, but is truly global with over 25,000 restaurants in more than 114 countries. McDonald's is developing new concepts and products that provide a more personal experience while still giving excellent value for money and all is due to the analysis conducted through the collection and analysis of market and competitors data. .
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
Task 1: Covers Learning Outcome 1 LO1: Evaluate business and economic data/information obtained from published sources. You are working as a “Business Data Analyst” in a consultancy firm and one of your clients is McDonalds or any organisation of your choice. You have been tasked with providing a report on the value and importance of statistical management. The report should cover the following: 1. An introduction to statistics, e.g. what they are, what are the key characteristics and what are the benefits of statistical data for meeting business objectives. 2. The sources and types of data and information businesses can access. 3. The value of employing statistical methods when meeting business objectives and achieving competitive advantage. 4. An analysis of deductive and inductive approaches and what the implications are for business intelligence. 5. Provide examples of analysis of given sample sets of data that could be used by the organisation. 6. Evaluate the suitability of one type of data analysis vs another. 7. Critically evaluate between different methods of data analysis
Submission Format: The submission is in the form of an individual written report. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,500–2,000 words, although you will not be penalised for exceeding the total word limit.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Grading Criteria Pass
Merit
Distinction
LO1: Evaluate business and economic data/information obtained from published sources P1: Evaluate the nature and process of business and economic data/information from a range of different published sources.
M1: Critically evaluate the methods of analysis used to present business and economic data/information from a range of different published sources.
P2: Evaluate data from a variety of sources using different methods of analysis. .
LO1 D1: Critically evaluate the differences in application between methods of descriptive, exploratory and confirmatory analysis of business and economic data.
Task 2: Covers Learning Outcomes 2 & 4 LO2 Analyse and evaluate raw business data using a number of statistical methods. LO4: Communicate findings using appropriate charts/tables. In your position as a “Business Data Analyst”, your second task is producing an analysis of raw data of McDonalds or any organisation of your choice and communicating findings appropriately. 1. Evaluate & critically evaluate the differences between descriptive and inferential data. 2. Using sets of data you are to calculate a range of descriptive and inferential statistics. Applying and justifying the use of different methods, e.g. T-Test, ANOVA testing, chi–square testing. You can take the data of McDonald or your chosen organisation. 3. Present your findings in the appropriate format using a range of graphs and charts to communicate data analysis. You need to justify the rationale for using the particular presentation tools and critically evaluate them by highlighting their pros and cons. This is to be presented as a PowerPoint presentation with supported documentation of your relevant calculations.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Submission Format: The submission is in the form of a PowerPoint presentation of data analysis and findings. This should be presented in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,000–1,500 words, although you will not be penalised for exceeding the total word limit. The submission should also include the background data in Excel spread sheets used for the relevant calculations.
Grading Criteria Pass
Merit
Distinction
LO2: Analyse and evaluate raw business data using a number of statistical methods. P3: Analyse and evaluate qualitative and quantitative raw business data from a range of examples using appropriate statistical methods. .
M2: Evaluate the differences in application between descriptive statistics, inferential statistics and measuring association.
D1: Critically evaluate the differences in application between methods of descriptive, exploratory and confirmatory analysis of business and economic data.
LO4: Communicate findings using appropriate charts/tables P5: Using appropriate M4: Justify the rationale for D3: Critically evaluate the use charts/tables communicate choosing the method of of different types of charts and findings for a number of given communication. tables for communicating variables. given variables.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Task 3: Covers Learning Outcome 3 LO3: Apply statistical methods in business planning. Your final task as a “Business Data Analyst” is to present the validity of statistical process control in McDonalds or any organisation of your choice. You are to produce a flow chart that plots the measures of variability and probability for the supply chain management of McDonalds or your chosen organisation’s products/services. This is to be presented in the form of two academic posters: • •
One poster for the flow chart which covers all the steps of the process and The second one to explore the use of statistical process control and appropriate techniques in application to operations, e.g. inventory, flowtime, quality, capacity.
You should justify the rationale of using this particular technique and also make recommendations on how statistical process control can improve business. Your posters are to be presented at McDonald’s or your chosen organisation’s leadership team meeting and presented in 10 minutes to the Senior Manager.
Submission Format: The submission is in the form of an academic poster presentation. Posters should be written in a concise, formal business style using single spacing and font size 9. You are required to make use of headings, sections and images as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 500–1,000 words, although you will not be penalised for exceeding the total word limit.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Grading Criteria Pass
Merit
Distinction
LO3: Apply statistical methods in business planning. P4: Apply a range of statistical methods used in business planning for quality, inventory and capacity management.
M3: Evaluate and justify the use of appropriate statistical methods supported by specific organisational examples.
D2: Make valid recommendations and judgements for improving business planning through the application of statistical methods.
Before you get started please read the following information very carefully. Assignment Content The assignment brief includes headings relevant to the unit outcomes, read and follow the tasks listed under each heading and this will make certain that you cover all the outcomes and assessment criteria to achieve the unit. Assessment and Grading Read the assessment grading criteria before attempting the assignment tasks, as it contains important information about how you should approach your assignment and how grading is applied in order for you to achieve a pass, merit or distinction. Assignment Submission All assignments must be submitted by the agreed date, via MOODLE. Assignments submitted late, but with permission, will be marked as a pass only. Assignments submitted late, without permission, will not be marked until the end of the year, or the next time the unit is scheduled. Please ensure that your assignment is attached to the assignment submission receipt and that you read and sign the statement confirming authenticity. Check that all relevant fields are completed fully before submission. Assignment Feedback Once the assessor has marked your assignment, you will receive written feedback, either confirming that you have met the required standard and grade awarded, or that you have not yet
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management met the standard and what you need to do to make the necessary improvements. Please note that achieved and confirmation of grades is provisional until signed off by the Internal Verifier. Student Guide to Writing an Assignment This is an assignment guide to help support you while completing your BTEC Assignments. It includes: • •
Assignment writing guidance Referencing guidance
Bibliography / References Please list down “works cited” within the framework of enumerative bibliography – a list of references to key articles and texts. Verify each reference carefully; the references must correspond to the citations in the text. The list of references should start on a new page and be listed alphabetically by the name of the author(s) and then by year, chronologically. Only the first author’s name is inverted. The name of each author and the title of the citation should be exactly as it appears in the original work. More Information can be found in the College MOODLE in the General Information about the Harvard Referencing. General Assessment and Grading Criteria (Tutor guidance will be given) The grading of Pearson BTEC Higher National Qualifications is at the unit and the qualification level. Each successfully completed unit will be graded as a pass, merit or distinction. Assignment Notes Students should also comply with the following instructions on handing in their assignment work:
• • • • • • •
Work should be comprehensively referenced Sources must be acknowledged fully by reference books, journals used and URL visited along with dates of visitation. Use the Harvard Referencing System (see attached details) All work should be word-processed, font size of 12 and font style of Times New Roman or Arial. Subtitles of the assignment should be in the font size of 14 Pages should be numbered in bottom right hand corner Spell check the document and read thoroughly for grammatical errors 1.5-line spacing is preferable Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
• •
Reference at the end of the assignment All paragraphs containing text should be aligned in justified mode.
Plagiarism and collusion
• • •
Any act of plagiarism and collusion will be seriously dealt with according to the EIC regulations. In this context the definition and scope of plagiarism are presented below: ―Using the work of others without acknowledging the source of information or inspiration. Even if the words are changed or sentences are put in a different order, the result is still plagiarism‖ (Cortell 2003). Collusion is described as the submission of work produced as a result of the collaboration between two or more parties. Additionally, collaboration entails the sharing of one person‘s work with others who submit either all or part of their coursework ―as their own‖.
Recommended Resources
• • • •
ANDERSON, D. et al (2010). Statistics for Business and Economics. 2nd Ed. Cengage Learning. MORRIS, C. (2012) Quantitative Approaches in Business Studies. 8th Ed. Harlow: Pearson Prentice Hall. DAVIS, D. and PECAR, B. (2013) Business Statistics Using Excel. 2nd Ed. Oxford: Oxford University Press. SLACK, N. and BRANDON-JONES, A. (2008) Quantitative Analysis in Operations Management. Harlow: Pearson Prentice Hall.
Harvard Referencing System We expect students to use the alphabetical or name-date method known as the HARVARD system. There are two parts in this system:
Citation within text or body of the report: In this the author's surname and year of publication are cited in the text, e.g. (Bond, 2004).
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Reference List: A reference list (of these citations) is included at the end of the assignment, in alphabetical order by author. The reference list also includes additional details such as the title and publisher. A bibliography lists relevant items that you have used in the preparation of the assignment but not cited in your text. A bibliography should also be in the Harvard style and the inclusion of such a list shows that you have read widely beyond the items you have cited. Examples of citation within text or body of the report: A. B. C. D.
Cormack (1994, p.32-33) states that................ ............ This view has been supported in the work of Cormack (1994, p.32-33). Jones (1946) and Smith (1948) have both shown…… Corporate Author: 1st citation: Royal College of Nursing (RCN), 2007 2nd citation: RCN, 2007
Examples of listings in reference list: 1. Books with one author: Redman, P., 2006. Good essay writing: a social sciences guide. 3rd ed. London: Open University in assoc. with Sage. 2. Books with two, three or four authors The required elements for a reference are: Authors, Initials., Year. Title of book. Edition. Place: Publisher
•
Kirk, J. & Munday, R.J., 1988. Narrative analysis. 3rd ed. Bloomington: Indiana University Press. 3. Books with more than four authors
For books where there are more than four authors, use the first author only with surname and initials followed by ―et al‖. The required elements for a reference are: Author, Initials., Year. Title of book. Edition. (only include this if not the first edition) Place: Publisher
•
Grace, B. et al., 1988. A history of the world. Princeton, NJ: Princeton University Press.
4. E-books For e-books the required elements for a reference are: Author, Year, title of book. [type of medium] Place of publication: Publisher Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
• •
Fishman, R., 2005. The rise and fall of suburbia. [e-book]. Chester: Castle Press. If available at website: Fishman, R., 2005. The rise and fall of suburbia. [e-book]. Chester: Castle Press. Available at: libweb.anglia.ac.uk / E-books [accessed 5 June 2005].
5. Journal articles Author, Initials., Year. Title of article. Full Title of Journal, Volume number (Issue/Part number), Page numbers.
•
Perry, C., 2001. What health care assistants know about clean hands. Nursing Times, 97(22), p.63-64.
6. Newspaper articles Author, Initials., Year. Title of article. Full Title of Newspaper Day and month before page numbers of article.
•
Slapper, G., 2005. Corporate manslaughter: new issues for lawyers. The Times, 3 Sep. p.4-5.
7. Journal articles from an electronic source •
Boughton, J.M., 2002. The Bretton Woods proposal: an in-depth look. Political Science Quarterly, [online]. 42 (6), Available at: http://www.pol.upenn/articles (Blackwell Science Synergy) [accessed 12 June 2005]. 8. Internet
•
National electronic Library for Health. 2003. Can walking make you slimmer and healthier? (Hitting the headlines article) [Online]. (Updated 16 Jan 2005) Available at: http://www.nhs.uk.hth.walking [accessed 10 April 2005]. The title of a web page is normally the main heading on the page. 9. E-version of annual reports
•
Marks & Spencer, 2004. Annual report 2003-2004. [Online]. Available at: http://wwwmarks-and-spencer.co.uk/corporate/annual2003/ [accessed 4 June 2005].
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Learner Assessment Submission and Declaration When submitting evidence for assessment, you must sign a declaration confirming that the work is your own. Learner name:
Assessor name: Submission date:
Issue date:
Submitted on:
Programme:
BTEC Level 5 Higher National Diploma in Business
Unit:
Unit 31 – Statistics for Management
Assignment number and Assignment Title: Effectiveness of Statistics for Management title: Plagiarism Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing practices. As a university level student, you are expected to use appropriate references throughout and keep carefully detailed notes of all your sources of materials for material you have used in your work, including any material downloaded from the Internet. Please consult the relevant unit lecturer or your course tutor if you need any further advice. Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that making a false declaration is a form of malpractice.
Learner signature:
Date:
Assignment Brief
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PEARSON BTEC HND IN BUSINESS
ASSIGNMENT BRIEF
UNIT 31: STATISTICS FOR MANAGEMENT
Assignment Brief
SFM Unit 31
Page 1
BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management QUALIFICATION: PEARSON BTEC HND IN BUSINESS Unit 31: Statistics for Management Unit code: R/508/570 Unit type: Optional Unit level: 5 Credit value: 15 TQT: 150 Assignment Titles: Effectiveness of Statistics for Management Assessor / Tutor: Anas Malik Assignment Approval Date: 02/09/2019 Draft Submission Date: 02/10/2019 Final Submission Date: 07/10/2019
Internal Verifier: Asma Zahoor Date Issued to Learners: 09/09/2019
Aims & Objectives of the Assignment Introduction The aim of this unit is to provide students with an understanding of how management information and decision-making are enhanced by the application of statistical methods. Students will learn about a range of statistical techniques and how they can inform management thinking. While studying the unit they will develop their numerical abilities and increase their confidence in handling data in order to create information and knowledge.
Learning Outcomes By the end of this unit a student will be able to: 1. Evaluate business and economic data/information obtained from published sources. 2. Analyse and evaluate raw business data using a number of statistical methods. 3. Apply statistical methods in business planning. 4. Communicate findings using appropriate charts/tables.
Assignment Brief
SFM Unit 31
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Essential Unit Contents LO1 Evaluate business and economic data/information obtained from published sources Interpretation of business and economic data: • The nature of data and information, and how data can be turned into information and information into knowledge. • Interpreting data from a variety of sources using different methods of analysis: descriptive, exploratory and confirmatory.
LO2 Analyse and evaluate raw business data using a number of statistical methods Statistical methods that are used to analyse and evaluate data: • Differences between qualitative and quantitative raw data analysis. Descriptive statistics: • Measures of central tendency (e.g. mean, median). • Measures of variability (e.g. range, standard deviation). • Application to business data (e.g. finding average earnings, measuring variability in business processes such as queuing times and customer arrival rates). Inferential statistics: • The difference between sample and population. • Different sampling techniques and methods. Measuring association: • Use of scatter plots, correlation and regression analysis, simple forecasting. • Business applications such as the association between output and cost, advertising and sales. • Evaluating use of software such as Excel and SPSS to perform raw data analysis. • Applying the appropriate methods and tools for evaluation of raw data.
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Essential Unit Contents LO3 Apply statistical methods in business planning Statistical methods for business planning: •
Applying statistical methods to a number of areas of business planning and operations management, including inventory management and capacity management.
Measures of variability: •
•
The issue of variability in business processes (e.g. arrival rates of customers and time taken to deal with customers), and how this leads to a trade-off between waiting time and process utilisation. Statistical process control in quality management.
Measures of probability: • Probability distributions and application to business operations and processes. • Normal distribution (e.g. weights and measures regulations and statistical process control), • Poisson distribution (e.g. customer arrival rates) and binomial distribution (e.g. inspection sampling). • Inference (e.g. margins of error and confidence limits).
LO4 Communicate findings using appropriate charts/tables Different variables: • Choosing the most effective way of communicating the results of your analysis and variables. • Nominal, ordinal and interval/ratio levels. Different types of charts/tables and diagrams: • The use of frequency tables, simple tables, pie charts, histograms, frequency curves and normal curve. • Advantages and disadvantages of different types of methods. • Presentation of information using tables and charts. • Software for producing charts/tables (e.g. Excel).
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Vocational Scenario Your Role: Junior Consultant in a consultancy firm Statistics for management is a specialty area of statistics which are applied in the business setting and helps management in effectively running their businesses and get the most out of their input. It can be used for quality assurance, financial analysis, production and operations, and many other business areas. Just as in general statistics, there are two categories: descriptive and inferential. Descriptive statistics are used to describe the total group of numbers. Inferential statistics infers relationships from the population of numbers. Staying at the top of the market place is not an easy tasks, the organisations need to constantly watch over the actions of the competitors by collecting the industry data and market research, analysing them and devising the strategy accordingly. McDonald's has built its success around a formula of providing a range of standardised high quality products quickly and cheaply. The McDonald's concept was originally developed in the USA, but is truly global with over 25,000 restaurants in more than 114 countries. McDonald's is developing new concepts and products that provide a more personal experience while still giving excellent value for money and all is due to the analysis conducted through the collection and analysis of market and competitors data. .
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
Task 1: Covers Learning Outcome 1 LO1: Evaluate business and economic data/information obtained from published sources. You are working as a “Business Data Analyst” in a consultancy firm and one of your clients is McDonalds or any organisation of your choice. You have been tasked with providing a report on the value and importance of statistical management. The report should cover the following: 1. An introduction to statistics, e.g. what they are, what are the key characteristics and what are the benefits of statistical data for meeting business objectives. 2. The sources and types of data and information businesses can access. 3. The value of employing statistical methods when meeting business objectives and achieving competitive advantage. 4. An analysis of deductive and inductive approaches and what the implications are for business intelligence. 5. Provide examples of analysis of given sample sets of data that could be used by the organisation. 6. Evaluate the suitability of one type of data analysis vs another. 7. Critically evaluate between different methods of data analysis
Submission Format: The submission is in the form of an individual written report. This should be written in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,500–2,000 words, although you will not be penalised for exceeding the total word limit.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Grading Criteria Pass
Merit
Distinction
LO1: Evaluate business and economic data/information obtained from published sources P1: Evaluate the nature and process of business and economic data/information from a range of different published sources.
M1: Critically evaluate the methods of analysis used to present business and economic data/information from a range of different published sources.
P2: Evaluate data from a variety of sources using different methods of analysis. .
LO1 D1: Critically evaluate the differences in application between methods of descriptive, exploratory and confirmatory analysis of business and economic data.
Task 2: Covers Learning Outcomes 2 & 4 LO2 Analyse and evaluate raw business data using a number of statistical methods. LO4: Communicate findings using appropriate charts/tables. In your position as a “Business Data Analyst”, your second task is producing an analysis of raw data of McDonalds or any organisation of your choice and communicating findings appropriately. 1. Evaluate & critically evaluate the differences between descriptive and inferential data. 2. Using sets of data you are to calculate a range of descriptive and inferential statistics. Applying and justifying the use of different methods, e.g. T-Test, ANOVA testing, chi–square testing. You can take the data of McDonald or your chosen organisation. 3. Present your findings in the appropriate format using a range of graphs and charts to communicate data analysis. You need to justify the rationale for using the particular presentation tools and critically evaluate them by highlighting their pros and cons. This is to be presented as a PowerPoint presentation with supported documentation of your relevant calculations.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Submission Format: The submission is in the form of a PowerPoint presentation of data analysis and findings. This should be presented in a concise, formal business style using single spacing and font size 12. You are required to make use of headings, paragraphs and subsections as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 1,000–1,500 words, although you will not be penalised for exceeding the total word limit. The submission should also include the background data in Excel spread sheets used for the relevant calculations.
Grading Criteria Pass
Merit
Distinction
LO2: Analyse and evaluate raw business data using a number of statistical methods. P3: Analyse and evaluate qualitative and quantitative raw business data from a range of examples using appropriate statistical methods. .
M2: Evaluate the differences in application between descriptive statistics, inferential statistics and measuring association.
D1: Critically evaluate the differences in application between methods of descriptive, exploratory and confirmatory analysis of business and economic data.
LO4: Communicate findings using appropriate charts/tables P5: Using appropriate M4: Justify the rationale for D3: Critically evaluate the use charts/tables communicate choosing the method of of different types of charts and findings for a number of given communication. tables for communicating variables. given variables.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Task 3: Covers Learning Outcome 3 LO3: Apply statistical methods in business planning. Your final task as a “Business Data Analyst” is to present the validity of statistical process control in McDonalds or any organisation of your choice. You are to produce a flow chart that plots the measures of variability and probability for the supply chain management of McDonalds or your chosen organisation’s products/services. This is to be presented in the form of two academic posters: • •
One poster for the flow chart which covers all the steps of the process and The second one to explore the use of statistical process control and appropriate techniques in application to operations, e.g. inventory, flowtime, quality, capacity.
You should justify the rationale of using this particular technique and also make recommendations on how statistical process control can improve business. Your posters are to be presented at McDonald’s or your chosen organisation’s leadership team meeting and presented in 10 minutes to the Senior Manager.
Submission Format: The submission is in the form of an academic poster presentation. Posters should be written in a concise, formal business style using single spacing and font size 9. You are required to make use of headings, sections and images as appropriate and all work must be supported with research and referenced using the Harvard referencing system. Please also provide a bibliography using the Harvard referencing system. The recommended word limit is 500–1,000 words, although you will not be penalised for exceeding the total word limit.
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Grading Criteria Pass
Merit
Distinction
LO3: Apply statistical methods in business planning. P4: Apply a range of statistical methods used in business planning for quality, inventory and capacity management.
M3: Evaluate and justify the use of appropriate statistical methods supported by specific organisational examples.
D2: Make valid recommendations and judgements for improving business planning through the application of statistical methods.
Before you get started please read the following information very carefully. Assignment Content The assignment brief includes headings relevant to the unit outcomes, read and follow the tasks listed under each heading and this will make certain that you cover all the outcomes and assessment criteria to achieve the unit. Assessment and Grading Read the assessment grading criteria before attempting the assignment tasks, as it contains important information about how you should approach your assignment and how grading is applied in order for you to achieve a pass, merit or distinction. Assignment Submission All assignments must be submitted by the agreed date, via MOODLE. Assignments submitted late, but with permission, will be marked as a pass only. Assignments submitted late, without permission, will not be marked until the end of the year, or the next time the unit is scheduled. Please ensure that your assignment is attached to the assignment submission receipt and that you read and sign the statement confirming authenticity. Check that all relevant fields are completed fully before submission. Assignment Feedback Once the assessor has marked your assignment, you will receive written feedback, either confirming that you have met the required standard and grade awarded, or that you have not yet
Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management met the standard and what you need to do to make the necessary improvements. Please note that achieved and confirmation of grades is provisional until signed off by the Internal Verifier. Student Guide to Writing an Assignment This is an assignment guide to help support you while completing your BTEC Assignments. It includes: • •
Assignment writing guidance Referencing guidance
Bibliography / References Please list down “works cited” within the framework of enumerative bibliography – a list of references to key articles and texts. Verify each reference carefully; the references must correspond to the citations in the text. The list of references should start on a new page and be listed alphabetically by the name of the author(s) and then by year, chronologically. Only the first author’s name is inverted. The name of each author and the title of the citation should be exactly as it appears in the original work. More Information can be found in the College MOODLE in the General Information about the Harvard Referencing. General Assessment and Grading Criteria (Tutor guidance will be given) The grading of Pearson BTEC Higher National Qualifications is at the unit and the qualification level. Each successfully completed unit will be graded as a pass, merit or distinction. Assignment Notes Students should also comply with the following instructions on handing in their assignment work:
• • • • • • •
Work should be comprehensively referenced Sources must be acknowledged fully by reference books, journals used and URL visited along with dates of visitation. Use the Harvard Referencing System (see attached details) All work should be word-processed, font size of 12 and font style of Times New Roman or Arial. Subtitles of the assignment should be in the font size of 14 Pages should be numbered in bottom right hand corner Spell check the document and read thoroughly for grammatical errors 1.5-line spacing is preferable Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
• •
Reference at the end of the assignment All paragraphs containing text should be aligned in justified mode.
Plagiarism and collusion
• • •
Any act of plagiarism and collusion will be seriously dealt with according to the EIC regulations. In this context the definition and scope of plagiarism are presented below: ―Using the work of others without acknowledging the source of information or inspiration. Even if the words are changed or sentences are put in a different order, the result is still plagiarism‖ (Cortell 2003). Collusion is described as the submission of work produced as a result of the collaboration between two or more parties. Additionally, collaboration entails the sharing of one person‘s work with others who submit either all or part of their coursework ―as their own‖.
Recommended Resources
• • • •
ANDERSON, D. et al (2010). Statistics for Business and Economics. 2nd Ed. Cengage Learning. MORRIS, C. (2012) Quantitative Approaches in Business Studies. 8th Ed. Harlow: Pearson Prentice Hall. DAVIS, D. and PECAR, B. (2013) Business Statistics Using Excel. 2nd Ed. Oxford: Oxford University Press. SLACK, N. and BRANDON-JONES, A. (2008) Quantitative Analysis in Operations Management. Harlow: Pearson Prentice Hall.
Harvard Referencing System We expect students to use the alphabetical or name-date method known as the HARVARD system. There are two parts in this system:
Citation within text or body of the report: In this the author's surname and year of publication are cited in the text, e.g. (Bond, 2004).
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Reference List: A reference list (of these citations) is included at the end of the assignment, in alphabetical order by author. The reference list also includes additional details such as the title and publisher. A bibliography lists relevant items that you have used in the preparation of the assignment but not cited in your text. A bibliography should also be in the Harvard style and the inclusion of such a list shows that you have read widely beyond the items you have cited. Examples of citation within text or body of the report: A. B. C. D.
Cormack (1994, p.32-33) states that................ ............ This view has been supported in the work of Cormack (1994, p.32-33). Jones (1946) and Smith (1948) have both shown…… Corporate Author: 1st citation: Royal College of Nursing (RCN), 2007 2nd citation: RCN, 2007
Examples of listings in reference list: 1. Books with one author: Redman, P., 2006. Good essay writing: a social sciences guide. 3rd ed. London: Open University in assoc. with Sage. 2. Books with two, three or four authors The required elements for a reference are: Authors, Initials., Year. Title of book. Edition. Place: Publisher
•
Kirk, J. & Munday, R.J., 1988. Narrative analysis. 3rd ed. Bloomington: Indiana University Press. 3. Books with more than four authors
For books where there are more than four authors, use the first author only with surname and initials followed by ―et al‖. The required elements for a reference are: Author, Initials., Year. Title of book. Edition. (only include this if not the first edition) Place: Publisher
•
Grace, B. et al., 1988. A history of the world. Princeton, NJ: Princeton University Press.
4. E-books For e-books the required elements for a reference are: Author, Year, title of book. [type of medium] Place of publication: Publisher Assignment Brief
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management
• •
Fishman, R., 2005. The rise and fall of suburbia. [e-book]. Chester: Castle Press. If available at website: Fishman, R., 2005. The rise and fall of suburbia. [e-book]. Chester: Castle Press. Available at: libweb.anglia.ac.uk / E-books [accessed 5 June 2005].
5. Journal articles Author, Initials., Year. Title of article. Full Title of Journal, Volume number (Issue/Part number), Page numbers.
•
Perry, C., 2001. What health care assistants know about clean hands. Nursing Times, 97(22), p.63-64.
6. Newspaper articles Author, Initials., Year. Title of article. Full Title of Newspaper Day and month before page numbers of article.
•
Slapper, G., 2005. Corporate manslaughter: new issues for lawyers. The Times, 3 Sep. p.4-5.
7. Journal articles from an electronic source •
Boughton, J.M., 2002. The Bretton Woods proposal: an in-depth look. Political Science Quarterly, [online]. 42 (6), Available at: http://www.pol.upenn/articles (Blackwell Science Synergy) [accessed 12 June 2005]. 8. Internet
•
National electronic Library for Health. 2003. Can walking make you slimmer and healthier? (Hitting the headlines article) [Online]. (Updated 16 Jan 2005) Available at: http://www.nhs.uk.hth.walking [accessed 10 April 2005]. The title of a web page is normally the main heading on the page. 9. E-version of annual reports
•
Marks & Spencer, 2004. Annual report 2003-2004. [Online]. Available at: http://wwwmarks-and-spencer.co.uk/corporate/annual2003/ [accessed 4 June 2005].
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BTEC Level 5 Higher National Diploma in Business Unit 31 – Statistics for Management Learner Assessment Submission and Declaration When submitting evidence for assessment, you must sign a declaration confirming that the work is your own. Learner name:
Assessor name: Submission date:
Issue date:
Submitted on:
Programme:
BTEC Level 5 Higher National Diploma in Business
Unit:
Unit 31 – Statistics for Management
Assignment number and Assignment Title: Effectiveness of Statistics for Management title: Plagiarism Plagiarism is a particular form of cheating. Plagiarism must be avoided at all costs and students who break the rules, however innocently, may be penalised. It is your responsibility to ensure that you understand correct referencing practices. As a university level student, you are expected to use appropriate references throughout and keep carefully detailed notes of all your sources of materials for material you have used in your work, including any material downloaded from the Internet. Please consult the relevant unit lecturer or your course tutor if you need any further advice. Student declaration I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that making a false declaration is a form of malpractice.
Learner signature:
Date:
Assignment Brief
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