Business Decision Making Assignment Example | Topics and Well Written Essays - 1000 words

backing Decision Making - Assignment ExampleThis involves internal and external assessment. The next put to work involves setting goals and selecting opportunities. The process involve getting specific to the intended purpose of the information collection process. The next process in planning is the approach and data to be use. This utilizes size of data to be collected. The next process pass on be collecting the required data.The sampling frame desirable for the study is that which will involve realization and measure of every single item in the population of interest. The sampling frame will take on identification of every single element and include any in the sample. The order of sampling used in the process will be systematic random sampling. The method is chosen as it will be able to cover each(prenominal) aspects in the chosen population.This is the value that occupies the middle position when all data obtained are arranged in ascending order or descending order. The ma in prejudice in the use of median is that it is non affected by very big or undersized values. The disadvantage of the method is that it takes a long time to compute when dealing with overlarge sets of data (Fitzgerald, 2002). It does not also use all data available in a sample.Mode is the data occurring approximately frequently in the data. The advantage of the method is that it is the only measure that can be used for data measure in the normal scale. The disadvantage of the method is that is not used in statistical analytic thinking as it is not algebraic defined.Mean is the average number of a data set. The data method has the advantage of using all the data to find the answer. The advantage of using the method is that very large or small numbers are able to distort the answer obtained.Management information is chief(prenominal) in organizations as it is used in all the stages of an organization, planning, directing and controlling organizations. In strategic solicitude stage, management information systems are used in