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Mgmt600 1002 A 03 P2 T2 Ip Carl Wills.Docx

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Comparison Study of Demographical Data

Mgmt600 1002 A 03 P2 T2 Ip Carl Wills.Docx

  1. 1. Comparison Study of Demographical Data<br />Carl Wills<br />MGMT600-1002A-03<br />Phase 2 Task 2 Individual Project<br />Professor Claude Superville<br />Colorado Technical University Online<br />April 23, 2010<br />
  2. 2. The overall Comparisons and Differences<br />Comparison <br />Nationally and 60614 zip code:<br />Qualitative and quantitative data.<br />Data comparison between 1980 to 1990 and 1990 to 2000.<br />Differences<br />Nationally:<br />Large sample size.<br />Zip code 60614:<br />Small sample size in comparison.<br />Data Surprises<br />Data nationally in comparison to 60614 have commonality in percentage relationship (i.e., workers age 16+ or difference ranging about 1.5% in any variable). <br />Striking differences in high level income between 60614 and the national average (i.e., $200,000 range). <br />2<br />Comparison Study<br />
  3. 3. Major Findings: 2000 Education Attainment <br />3<br />Comparison Study<br />
  4. 4. Major Findings: 2000 Marital Status<br />4<br />Comparison Study<br />
  5. 5. Major Findings: 2000 Household Income Report<br />5<br />Comparison Study<br />
  6. 6. Comparison Data: Questions to consider<br />Margin of error:<br />Example – plus or minus 10, which could change each subject within a variable by either decreasing or increasing its value.<br />The ability to make informed decisions based on old data comparisons.<br />The practicality of using total population demographical sample as opposed to comparing demographical data by region or state.<br />6<br />Comparison Study<br />
  7. 7. References<br />Bowerman, B. O’Connell, R. Orris, J. Murphree, E. (2010). Essentials of business statistics(3rd ed.). McGraw-Hill Irwin.<br />Colorado Technical University Online. (2010). Applied managerial decision-making: Phase two task list. Retrieved April 10, 2010, from https://campus.ctuonline.edu/classroom/AssignmentList.aspx?Class=22<br />Coulter, M. (2008). Strategic management in action (4th ed.). Pearson. Prentice Hall. Upper Saddle River, New Jersey<br />Summary Reports. (n.d.). Retrieved April 16, 2009, from Colorado Technical University Online phase two task list: http://www.marketingpower.com/content753.php<br />Triola, M. (2008). Elementary statistics (10th ed.). Pearson. Addison Wesley<br />7<br />Comparison Study<br />

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