QNT/351 Analyzing and Interpreting Data

This solved assignment explores statistical techniques for data analysis and interpretation in business applications.

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Analyzing and Interpreting DataQNT / 351NameDateInstructor NameAnalyze the results of the BIMS exit interview and employee survey, focusing on the impact oftraining, pay satisfaction, supervisor treatment, communication, and job security on employeeturnover. Include recommendations for improving employee retention. (1,500-2,000 words)

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Analyzing and Interpreting DataBIMS asked Learning Team A to review the information from the survey’s and act asconsultants and review the second set of data. Confusing wording and entry errors collectedfrom the initial survey did not report conclusive results for the management team of BIMS. Thestudy population for the second set of data was changed after careful review and now surveys theemployees who voluntarily left BIMS. The BIMS survey team introduced an exit interview tohelp senior management gain a better understanding of what causes employee dissatisfaction,how dissatisfied they are before they depart and hopefully to create a model that can predictemployee resignation.Analysis of Selected Exit Interview and Employee Survey QuestionsQuestion one in the analysis in the exit interview asks employees how well trained theyare for their work. The question disclosed a mean of 2.82, a median of three, mode of two, and asample standard deviation of 1.21 with a sample variance of 1.47. That same question whenasked in the initial employee survey had disclosed a mean of 2.88, a mean of three, mode of two,and a sample standard deviation is 1.40 with a sample variance of 1.97. The information showsthat most of the responders answered the question with a response of slightly negative. The datashows that the employees that left BIMS more often believe they did not receive acceptabletraining for the work they were performing.The exit interview and employee survey surveyed former employees about their opinionof whether their pay was fair compared to the work they performed. Information collected fromcurrent employees showed a mean of 2.06, a median, mode of two, and a sample standard
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