Chapter 1: Data Analysis for Improved Decision Making 1
Introduction 1
Types of Problems: Disturbance vs. Opportunity 2
Mental Models and Effective Problem Solving: Verbal and/or Visual 2
Types of Variation: Common-Cause vs. Assignable Cause 4
Types of Data Business Professionals Use: Cross-Sectional vs. Time Series 8
Data Measurement Scales: Ratio, Interval, Ordinal, Nominal 10
Data Sources for Improved Decision Making: Have it, make it, buy it 12
Data Collection through Surveys:
Target Population: all people who will actuallyvote 13
Sampling Frame: all people with listed telephone numbers 13
Sampling Design 13
Nonrandom samples: Convenience samples, Jusgmental samples
Randomized Cluster Sampling
Stratified Random Sampling
Simple Random Sampling
Sample Size
depends strongly
on population variability and desired precicion and confidence
almost independent
of population size
Survey Design 14
Personal Interviews
Telephone Interviews
Mail and Email Questionnaires
Web Based surveys
Summary 16
Exercises 16
Appendices 21