Assignment Brief 1 (RQF)

Higher National Certificate/Diploma in Business

Student Name/ID Number:

Unit Number and Title: Unit 42 - Statistics for Management
Academic Year: 2021-2022
Unit Assessor:
Assignment Title: ASSIGNMENT 1 – Statistical Methods
Issue Date:
Submission Date:
Internal Verifier Name:
Date:

Submission Format:

Format:

● This assignment is an Individual report.

● You must use font Times New Roman, size 12, set number of the pages and line spacing at 1.5
lines. Margins must be: left: 2.5 cm; right: 2 cm; top: 2 cm and bottom: 2 cm.

● You should use in-text references and a list of all cited sources at the end of the essay by applying
the Harvard referencing style.

● The recommended word limit is 1800-2000 words (+/-10%), excluding the tables, graphs,
diagrams, appendixes and references. You will not be penalized for exceeding the total word limit.

● The cover page of the report has to be the Assignment front sheet 1 (to be attached with this
assignment brief).

Submission

● Students are compulsory to submit the assignment in due date and in a way requested by the
Tutor.
● The form of submission will be a soft copy posted on http://cms.greenwich.edu.vn/.
● Remember to convert the word file into PDF file before the submission on CMS.

Note:

● The individual Assignment must be your own work, and not copied by or from another student.

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 ● If you use ideas, quotes or data (such as diagrams) from books, journals or other sources, you
must reference your sources, using the Harvard style.
● Make sure that you understand and follow the guidelines to avoid plagiarism. Failure to comply
this requirement will result in a failed assignment.

Unit Learning Outcomes:

LO1 Evaluate business and economic data/information obtained from published sources

LO2 Analyse and evaluate raw business data using a number of statistical methods

Assignment Brief and Guidance:

* This assignment guidance can be customized by the tutor to meet specific needs

Assignment scenario
You are a Research Analyst of SSI Securities Corporation. Your corporation is planning to make
business reports of some Vietnamese companies/industries by applying several statistical methods.

Precisely, you are required to demonstrate your understanding by evaluating and analysing the business
data (financial information, stock market) or microeconomics or macroeconomic recent problems,
future trends/ intentions, etc. regarding your research topic. All the variables could be nominal or
ordinal, interval, or ratio, number or text. Besides, you have to make sure that your dataset characterised
by the rules: Composing of at least 6 variables, 1 categorical variable and 50 observations to do the
research.

Structure of the Report

Introduction

1. Background and the reasons why you choose the topic

2. Objectives, scope, and meaning of the study

3. Methodology

4. Structure of the report

Main contents

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1. Evaluate the nature and process of business and economic data/information from a range of different
published sources

a. Define data, information and knowledge.

b. From published sources and theoretical frameworks of the primary research, you should show
how data can be turned into information and information into knowledge.
c. Describe in detail the way of collecting database and transformation process of data into
information and knowledge.

2. Evaluate data from a variety of sources using different methods of analysis

a. Interpreting data from a variety of sources using different methods of analysis: descriptive,
exploratory and confirmatory.
b. Demonstrating the pros and cons of each method about your above interpretation.
c. Critically evaluating the differences in application among descriptive, exploratory and
confirmatory analysis techniques of business and economic data in general.

3. For your dataset:

a. State one research question in which your dataset plays a role of a sample. Then identify the
population for this research question. What is the sampling strategy for your dataset?
b. Apply statistical tools to (i) display mean, mode, median, range and standard deviation of one
variable by a table; (ii) describe one categorical (qualitative) variable by a table/figure. Make
sure that you interpret the business meaning for each above table/figure.
c. Show the relationship between two variables by a scatter plot. Calculate the correlation between
these two variables. Explain the business meaning of this relationship.
d. Which parts in this question are applications of descriptive statistics, inferential statistics and
measuring association? Explain.

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Learning Outcomes and Assessment Criteria (Assignment 1):
Learning Outcome Pass Merit Distinction
P1 Evaluate the nature
and process of
business and
economic M1 Critically evaluate
LO1 Evaluate data/information from the methods of
business and a range of different analysis used to
economic published sources. present business and D1 Critically evaluate
data/information economic the differences in
obtained from P2 Evaluate data from data/information from application between
published sources a variety of sources, a range of different methods of
using different published sources. descriptive,
methods of analysis exploratory and
confirmatory analysis
of business and
P3 Analyse and M2 Evaluate the economic data.
evaluate qualitative differences in
LO2 Analyse and
and quantitative raw application between
evaluate raw business
business data from a descriptive statistics,
data using a number
range of examples, inferential statistics
of statistical methods
using appropriate and measuring
statistical methods. association.