Business Decision Making Project, Part 2

1065 WordsSep 15, 20165 Pages
Business Decision Making Project, Part 2 The business problem at UnitedHealth Group is the high turnover of employees because of lack of recognition and management of manpower. In part one, it was determined that I use qualitative data. This methods chosen allows us to group the data into the necessary categories. I determined that the research variable is recognition and this would solve the issue of the high turnover rate. Identify the types of descriptive statistics that might be best for summarizing the data, if you were to collect a sample. "Descriptive statistics is the summary of important aspects of a data set" (Jaggia & Kelly, 2014). To use descriptive statistics, I would use frequency distribution. "Frequency distribution of qualitative data groups the data into categories then records the number of observations that fall into each category" (Jaggia & Kelly, 2014). If I use ordinal data, it will allow us to categorize and rank the data. The data will then enable us to determine if recognition will help the high turnover rate at UnitedHealth Group. Analyze the types of inferential statistics that might be best for analyzing the data, if you were to collect a sample. "Inferential statistics is drawing conclusions of large data sets called a population" (Jaggia & Kelly, 2014). To analyze inferential statistics, I use regression analysis. "Regression analysis is used to examine the relationship between two or more variables" (Jaggia & Kelly, 2014).

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