How important is it to have accurate data?
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The research process is a well-structured methodology that aids the manager to make an educated business decision. The most important element of this process is the source of data used. The better the data, the better the result. Data must come from a sample that is random and large enough.
- What are the six stages in a research process?
- Which stage is the most difficult to complete? Why?
- Which stage is the most important? Why?
- How important is it to have accurate data?
Justify answers using examples and reasoning.
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- A company wants to launch a new product in the market and wants to conduct research to identify the target audience and their preferences. Outline the steps you would take to design a research study to gather relevant data for this purpose.As an undergraduate (level) researcher and doing research for the first time, will you prefer Qualitative Research or Quantitative Research? Elaborate briefly the reason behind your choice. If Qualitative, which particular Qualitative method/s will you prefer and why? If Quantitative, which particular statistical tests will you prefer to apply and why?What is the easiest statistical technique that you can possibly employ in a simple quantitative research?
- Differentiate Qualitative and Quantitative Research on the basis of following parameters: 1.Purpose 2.Data collection sources 3.Sampling Technique 4.Sample Size 5.Generalizability 6.Research approach 7.Question Format 8.Data Format 9.Analysis 10.InstrumentDescribe Qualitative Research in evidence based practice. What is the difference between qualitative and quantitative research? What are the advantages and limitations of using qualitative research designtrue or false There are 5 types of research based on objectives Qualitative type of research uses the scientific approach Mixed methods research uses triangulation approach
- Is this qualitative or quantitative research? A business owner wants to know if his company is performing well compared to his competitors.please solve What are the important parts (sections) in a Research Proposal? Write down Problem Statement and Research Methodology sections of a Research Proposal with an example from your area of interest.Why does research data need to be organized before it can be analyzed? What is the value of data editing (data cleaning) in marketing research?
- Does the following scenario fall into the category of Basic or applied research? Justify your answer. Mr. Paul Hodge, the owner of several restaurants is concerned about the wide differences in the profit margins of the various restaurants. He would like to try some incentive plans for increasing the efficiency levels of those restaurants that are lagging behind. But, before he introduces this, he would like to be sure that the idea will work. He asks a researcher to help him on this issue.Discuss what you have learned about good versus poor research topics. What does it mean that the topic be administrative in nature? Why is it important that the topic be specific rather than broad and general?What are steps in validating different tools or instruments in a research? Why it is important to do so?