LO1 Evaluate business and economic data/information obtained from published sources
Unit Number & Unit Title Unit 31: Statistics for Management
Learning Outcomes
Pass Merit Distinction
Task No.
Evidence
LO1 Evaluate business and economic data/information obtained from published sources
P1 Evaluate the nature and process of business and economic data/information from a range of different published sources.
P2 Evaluate data from a variety of sources using different methods of analysis.
M1 Critically evaluate the methods of analysis used to present business and economic data/information from a range of different published sources.
LO1 & 2
D1 Critically evaluate the differences in application between methods of descriptive, exploratory and confirmatory analysis of business and economic data.
Task 1
Individual PPT presentation
LO2 Analyse and evaluate raw business data using a number of statistical methods
P3 Analyse and evaluate qualitative and quantitative raw business data from a range of examples using appropriate statistical methods.
M2 Evaluate the differences in application between descriptive statistics, inferential statistics and measuring association.
Task 1 Individual PPT presentation
LO3 Apply statistical methods in business planning
P4 Apply a range of statistical methods used in business planning for quality, inventory and capacity management.
M3 Evaluate and justify the use of appropriate statistical methods supported by specific organisational examples
D2 Make valid recommendations and judgements for improving business planning through the application of statistical methods.
Task 2 Examination
LO4 Communicate findings using appropriate charts/tables
P5 Using appropriate charts/tables communicate findings for a number of given variables.
M4 Justify the rationale for choosing the method of communication.
D3 Critically evaluate the use of different types of charts and tables for communicating given variables.
Task 1 Individual PPT presentation
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