Business Decision Making Project
Discuss among team members a business problem or opportunity at a company each works or choose one of the five data sets provided with Business Decision Making Project Part 1 assignment. Select a company at which a team member works or one of the data sets such as the Global Demographics, Global Financials, MLB (baseball), Real Estate or Wages. Ensure you can collect at least 30 data points for the project. Some questions to discuss might be: Why is this an important problem? What have other sources found out about this problem and what factors or variables should be considered. Be sure to adopt a premise for your research and have a well-defined research question. Identify a research variable or variables. Are the data qualitative or quantitative? What level are the data, Nominal, Ordinal, Interval or Ratio? How will the type and level of data affect your research process and data analysis? Here are the professor’s comments to my questions about the paper: Yes, you should research your topic with some outside sources otherwise how will you settle on a research question or discuss the issue? Second, a data point is a number, so what I am asking for is a topic where you can find at least 30 of these to use in your calculations. With your chosen data set each variable has at least 30 numbers in its column of data. Examples of the Variables are Population Life Expectancy, Literacy Rate, GDP/Capita, etc. Since the Team paper each week is based on what we have covered the week before, it is your opportunity to demonstrate it and cover this in a logical, valid way.