VPT2- Task 1- B.Robinson.docx - Data Driven Decision Making...

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Data Driven Decision Making Template Student name: B. Robinson ID number: Date: 5/16/2019 PROMPT RESPONSE B. Describe a real-world business situation that could be addressed by collecting and analyzing a set of data. Four district managers with stores in a major metropolitan area are having trouble with turnover rates being too high. Management is looking for an effective way to reduce turn over in these areas. They have received suggestions from each district manager but don’t have proof that any of the suggestions will work. Over the course of one year, each district manager implemented their own strategies to bring the numbers down. Management wants to assess whose method was more effective by first looking at the turn rate differences. B1. Summarize one question or decision relevant to the real-world business situation you will answer by collecting and analyzing a set of data. Is there a significant difference in the average turnover rate between four metropolitan retail districts?
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  • Spring '16
  • Statistics, Statistical significance, Metropolitan borough

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