Carry out Quantitative Analysis
**BELOW I PROVIDED ALL INSTRUCTIONS TO COMPLETE THIS PROJECT. PLEASE READ THE BELOW INFORMATION, AND THE REFERENCE DOCUMENTS PROVIDED IN THE ATTACHEMENTS FOR COMPLETION OF EACH STEP. THE RUBRIC IS LOCATED BELOW **
SHOULD THERE BE ANY QUESTIONS PLEASE LET ME KNOW, THANKS.
RUBRIC:
When you submit your project, your work will be evaluated using the competencies listed below. You can use the list below to self-check your work before submission.
1.1: Organize document or presentation clearly in a manner that promotes understanding and meets the requirements of the assignment.
1.2: Develop coherent paragraphs or points so that each is internally unified and so that each functions as part of the whole document or presentation.
1.4: Tailor communications to the audience.
1.5: Use sentence structure appropriate to the task, message and audience.
1.6: Follow conventions of Standard Written English.
3.1: Identify numerical or mathematical information that is relevant in a problem or situation.
3.2: Employ mathematical or statistical operations and data analysis techniques to arrive at a correct or optimal solution.
3.3: Analyze mathematical or statistical information, or the results of quantitative inquiry and manipulation of data.
3.4: Employ software applications and analytic tools to analyze, visualize, and present data to inform decision-making.
————–BEGINNING OF THE PROJECT INSTRUCTIONS BY STEP NUMBERS——
STEP 1: START HERE
Transcript and video: https://youtu.be/KG1gcyY4XPg
“Conduct Quantitative Analysis: Management Start Here Video Transcript [MUSIC PLAYING] Your manager, Pat Williams, invites you to meet again to discuss another project. It turns out that Cybertech’s competitors have been closing in on market share. Pat asks you to analyze data about the company’s workforce and to prepare an analysis of its current composition. The report is due in two weeks. Your quantitative analysis will be used to advise the company’s management on the cost of doing business, and how to achieve success and income revenues, as well as make recommendations on the allocation of salaries across the company. Pat explains more about the requirements. Pat asks that your report must consider personnel by organizational roles, salaries, length of service, level of education, age, race, gender, marital status, and region. Pat explains that your analysis will be reviewed to determine how the company’s employee demographics compare with industry peers and competitors. You learn that you will present your report to leadership at their quarterly strategic planning meeting. You know that you’ll need to use your statistical skills and technical skills to identify and manipulate the data. You’ll also need to draw relevant conclusions based on quantitative reasoning. First, sketch out a plan to review your skills in math, statistics, and Excel. Second, you’ll need to work through the data to produce supporting charts and graphs. Third, you’ll need to complete the analysis well before the due date. Time to get busy. “
This project will help you advise your company’s management on the cost of doing business, how to achieve success in income revenues, and make recommendations on the allocation of salaries across the company. Management will be able to use your analysis to fairly adjust salary anomalies, and also show profitability which might be used for further investments, hiring additional staff, or even employee incentive pay.
You will use mathematical operations and data analysis to solve problems and inform decision making. Your final assignment will be the creation of a comprehensive Excel workbook with supporting charts and graphs and a short analysis of the data.
Quantitative reasoning uses a process similar to the qualitative research process in that you will first identify an issue or problem and then use mathematical formulas or an analytic tool to derive a solution. You will construct graphs, charts, and tables to display data and inform analysis and interpretation. You will evaluate the results of the information, draw analyses and validate them by applying them to the issue or problem.
There are 10 steps that will lead you through this project. Begin by watching the video above, which introduces the project as it might occur in the workplace.
Step 2: Set Up Your Spreadsheet
First download the Excel template (PROVIDED IN ATTACHMENT) and use it to set up your spreadsheet. (PROVIDED IN ATTACHMENT). This step has you set up your basic view in preparation for the use of several tools.
After you’ve formatted and set up your basic view and saved it with your name, you’re ready to move to the next step and add data.
Step 3: Add Data
With your spreadsheet set up and saved with your last name, you’re ready to add data. (EXAMPLE PROVIDED in ATTACHMENT). In Section 1 on the Data page, complete each column of the spreadsheet to arrive at the desired calculations.
When you’re ready, move on to the next step, where you will use functions to summarize the data.
Step 4: Use Functions to Summarize the Data
With your data built, you are now ready to start using some tools to summarize the data, (EXAMPLE PROVIDED in ATTACHMENT). using Countif and the Sum function to do the math. In this step, you’ll begin to see patterns in the data and the story of the workforce.
With this step complete, you’re ready to begin your analysis.
Step 5: Analyze the Workforce
You’ve summarized the data. Next, you will employ descriptive or summary statistics to analyze the workforce. (EXAMPLE PROVIDED in ATTACHMENT). Your summary tables described “how many.” Now you will calculate mean, median, and mode for the categories of data, and derive the deviation, variance, and dispersion, and distribution. (EXAMPLE PROVIDED in ATTACHMENT). This is where it gets interesting!
You will be working in section 3 of the Data tab in the spreadsheet to complete the descriptive statistics for the five categories (Salary, Hourly Rate, Years of Service, Education, and Age). Using Excel formulas, complete the table.
After you have used Excel formulas to find this information, you will next use the Toolpak to find your summary statistics.
Step 6: Use the Analysis Toolpak
With your data set built, you will now use the Analysis Toolpak to do those same functions. This is a handy feature to know. Remember that there may be some minor differences in the answers depending on the version. (EXAMPLE PROVIDED in ATTACHMENT).
You should now have Tab 2 complete: Excel Summary Stats. Next, you’ll create charts and a histogram for Tabs 3 and 4.
Step 7: Create Charts and a Histogram
Where would we be without the ability to view data in charts? It is sometimes easier to grasp context of data if we can see it captured in an image. In this step, you will work with data to create charts, adding a tab for charts, and another for a histogram.
In this step, you will build Tab 3: Graphs—Charts and Tab 4: Histogram. After you complete these tabs, you’ll be ready to sort the data.
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Step 8: Copy and Sort the Data
You’ve accomplished a lot with your data set, summary stats, charts, and histograms. Another skill you’ll need to be able to do is sort data in an Excel worksheet for reporting purposes. You’ll copy the data so that you can learn how to sort it. This is a good skill that applies to any Excel application.
In this step, you will create Tab 5: Sorted Data. When you’re finished, you’ll be ready to conduct your quantitative analysis.
See below for example of sorted spreadsheet.
Step 9: Conduct Quantitative Analysis
In this step, your hard work bears fruit. What does it all mean? Think back to your boss’s reasons for tasking you with this project. Bring your powers of analysis to bear to determine what the data may be telling you. Apply your quantitative reasoning skillst (EXAMPLE PROVIDED in ATTACHMENT) to answer five questions that demonstrate your interpretation of the data. The questions are located on the QR Questions_Responses tab in your workbook.
After you have answered the five questions, please finish the project by writing a short essay. Your short essay will include:
a one-paragraph narrative summary of your findings, describing patterns of interest
an explanation of the potential relevance of such patterns
a description of how you would investigate further to determine if your results could be perceived as good or bad for the company.
Prepare your responses in your workbook on the QR Questions_Responses tab.
Good job! In the next step, you’ll submit your workbook and analysis.
Step 10: Submit Your Completed Workbook and Analysis
You’re now ready to submit your workbook and analysis for review and feedback. Review the requirements for the final deliverable to be sure you have:
Excel Workbook with Six Tabs
Tab 1: Data – completed data sheet (Steps 1–6 above)
Tab 2: Excel Summary Stats (Step 6)
Tab 3: Graphs – Charts (Step 7)
Tab 4: Histogram (Step 7)
Tab 5: Sorted Data (Step 8)
Quantitative Analysis (Step 9; see detail below and move to first position upon completion.)
Quantitative Analysis: Answers to Questions and Short Essay
Prepare your response in this workbook. Create a tab for Quantitative Analysis, create a text box, and paste your answers to the questions in it. Move the Quantitative Analysis tab to the first tab position.
Your final workbook tabs:
Quantitative Analysis
Data
Excel Summary Stats
Graphs–Charts
Histogram
Sorted Data
Format to Be Printed
Format this workbook so that all the spreadsheets can be printed.
Project does not have any attached files
