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APRIL BUNJE P1IPColorado Technical University

Business Decision Making

MGM330-0901A-06

January 9, 2009

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OVERVIEW OF EACH COMPANY’S ROLE

A Consulting Organization which assist companies in analyzing data

We use statistical tools to explain how business making decisions make profitable sense

Tools display’s data either qualitative lyor quantitatively. (Triola, 2008).

Creation of new credit card incentives for certain kinds of transactions

The decision of which types of transactions can be easily decided with a statistical tool

It will pin-point the most frequent transaction used by your target market

Information Experts PiggyBank’s ideas

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PIGGYBANK•Statistical tools provide measurements of data. Data can be compared on a broad generality or specific to the minute detail.

•Businesses like Piggy Bank who decides to use these statistical tools can specifically research information that is already made available through its sales department.

•Statistics in an interval form can provide categories that have a differences but no natural starting point. (Triola, p.9)

•Sales information which is collected from customers who make purchases can be tabulated and categorized into charts and tables to create a more visual appeal and understanding of each credit card transaction.

(The scatter graph is a fictional example of data).

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Grocery SalesDepart. Store Purch.Gasoline Purch.

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RESEARCH QUESTIONS

Does PiggyBank keep trend records of sales? Are the incentives going to be monetary,

products and services or discounts? How large of a sample of recorded sales does

PiggyBank want to involve in the data? What is the monetary budget being used for

this project? Would PiggyBank like our firm to conduct

research on how competitors are implementing similar incentive programs?

What are the current economic affects doing to credit card usage?

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REFERENCES

Triola, M. (2008). Elementary Statistics with Multimedia Study Guide. 10th e.d. Pearson Education: Boston, MA.