INTRODUCTION TO QUALITATIVE AND QUANTITATIVE RESEARCH METHODS There are generally two kinds of research: qualitative and quantitative. For any research project the researcher needs to be clear about which type of research will provide the information required. The role of qualitative research is to tell you why; quantitative research tells you how many. The methods are quite different. Definition of Quantitative research? "There ’s no such thing as qualitative data. Everything is either 1
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Final Assignment Take-Home Exam – Example Solutions QUANTITATIVE ANALYSIS AND BUSINESS DECISION MAKING Question 1 – 5 Points Leila took a standardized test and was told that her score was in the 89th percentile. Explain clearly and in only one sentence what this means. Notes: Percentiles are a way of describing the position of a particular score within a set of scores As per the question‚ I was looking for one simple sentence to explain the meaning of the statement Ideal Answer: If Leila’s
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CONSTRAINTS FORMULA WOOD 9X1 + 3x2 ≤ 2250 CUSHIONS X2 ≤ 500 CHAIRS TO TABLE MIN 4x2:x1 -4x1+x2≤0 CHAIRS TO TABLE MAX 6x2:x1 -6x1+x2≥ 0 PRODUCTION HOURS X1 + .6x2 ≤375 Given X1 ‚ x2 ≥ 0 See SELF QUIZ 1 for more info Step 1 – Define Decision Variables Step 2 – Overall objective Maximized or Minimized Step 3 – Set of Constraints Figure 1 - SAMPLE Another Example from HW/Quiz Golden Electronics manufactures several products‚ including 45-inch GE45 and 60-inch GE60 television. It makes a profit of $50
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ASSIGNMENT QUESTION: ‘‘A Trend in Contemporary Time is the Increasing Need to Comprehend Basic Quantitative Methodology and its Language as a Tool for Decision Analysis’’ Prof J.A. Fabayo. Do You Agree? ANSWER: Background A person managing a production unit for instance‚ a factory‚ a farm or even a kitchen has to coordinate men‚ machines and money against several constraints like time‚ cost and space in order to achieve the organization’s objectives in an efficient and effective manner
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QUALITATIVE‚ QUANTITATIVE & MIXED METHODS RESEARCH WEEK 6 Competitive Intelligence BPP BUSINESS SCHOOL BPP BPP BUSINESS SCHOOL SCHOOL OF BUSINESS Week 1 - The Role of Research in the Organisation Week 2 - Conducting Literature Reviews and Referencing Week 3 - An Introduction to Inductive and Deductive Research Week 4 - Research Design Week 5 - Research Questions and Hypotheses Week 6 - Qualitative‚ Quantitative and Mixed Methods Research Week 7 - Individual and Group Interviewing
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is a female who did NOT attend college? = 0.80 * 0.30 = 0.24 (24%) 2. What is the probability that the person selected is a female who did attend college? = 0.80 * 0.70 = 0.56 (56%) 3. What is the probability that the person selected is a male who did NOT attend college? = 0.10 * 0.40 = 0.04 (4%) 4. What is the probability that the person selected is a male who did NOT attend college? = 0.10 * 0.40 = 0.04 (4%) Exercise 2 A group of employees of Unique Services will be surveyed about a new
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Quantitative Chemical Analysis Lab Chemistry 223 Dr. Dean Olson Fall Semester 2013 Friday‚ August 30 Who Am I? B. Chem. – U. of Minnesota‚ Minneapolis M.S. – U. of North Carolina‚ Chapel Hill Environmental Chemistry; Copper kinetics in estuaries Later work: Calcium and magnesium binding to blood coagulation proteins Ph.D. – U. of Illinois; Oscillatory enzyme kinetics NMR Lab Director; see web page ( http://scs.illinois.edu/nmr/ ) 11 magnets‚ 350 users‚ 4 locations
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Quantitative Analysis of Soda Ash by Double Indicator Method Results and Discussion The experiment focuses in the use of double indicator titration in quantitative analysis of soda ash sample. Titration refers to the process of measuring the volume of titrant required to reach the equivalnece point. This method of analysis‚ is based on the chemical reaction aA + bB → products (1) where a is the molecules of the unknown substances to be analyzed or the analyte. Analyte reacts with b molecules
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Introduction The study of Research Methods has become both a more important and significant part of sport in recent years and there has been a rapid growth in interest in the theoretical side of Sport and Exercise. In this assignment I will be talking about the key issues in Research Methods for Sport and Exercise Sciences and focusing on two aspects in particular – Qualitative and Quantitative research. I will be giving examples and opinions of these methods and pointing out advantages and disadvantages
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Quantitative Methods in Business – Linear Programming 1- Statement of the Problem: Middle East for investment offers a bundle of investment options in many types of securities. Mr. Brown‚ an investor‚ would like to invest $ 5 million in various securities. He wishes to maximize his yearly profit over the next year. The investment company offered him a portfolio including Bonds‚ Stocks‚ Gold and Land. The expected return is 6% for Bonds‚ 14% for Stocks‚ 10% for Gold and 5% for Land. For diversification
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