Question 1.
Discuss how different financial calculations and quantitative techniques could be used by managers within your chosen organization to make decisions relating to operational business activities. You are required to use example calculations to support your answer.
Question 2
Provide a brief outline of a routine business problem with your chosen organization. Recommend how algebraic methods could be used to formulate a solution. You are required to support your answer with a worked example.
Question 3
(a)Explain how the following types of business data might be used by your chosen organization:
•Primary data
•Secondary data
•Quantitative data
•Qualitative data
(b) Discuss the importance of 'sampling' the relevance of 'sampling error and 'bias'. You are required to support your answer with examples in the context of your chosen organization.
Question 4.
Analyse the use of any five of the following in relation to data analysis and interpretation, within your chosen organization:
•Charts
•Median
•Standard deviation
•Skewed distribution
•Scatter diagram.
•Spearman's rank correlation coefficient
