14. Which of the following is the most fundamental and widely used technique? Line charts are explained. This is one of the most fundamental and often utilized procedures.
A line chart shows how values for two variables are related. In this case, the x-axis variable is time and the y-axis variable is price.
16. Which of the following statements about line charts is true? They can show changes over time. They are useful for showing trends in data. They can be effective for displaying data that follows a normal distribution.
18. Which tool of the above list can also be used to create a bar chart? A pie chart.
19. Which tool of the above list can also be used to create a scatterplot? A bubble chart.
20. Which tool of the above list cannot be used to create a histogram? A histogram can be created with the Statistical function in Excel.
Traditional approaches are those that have been employed by business organizations for a long time and are still in use. One of these strategies is personal observation. The term "observation" refers to looking around to learn what others are doing and why they are doing it that way. Observation can be done formally through interviews or just by listening carefully.
Another traditional technique is trial and error. This means trying out different ways of doing things until something works. There is usually not much theory behind this method; instead, people just try things and see what happens.
Finally, there is research. Research involves studying how other people have solved problems before coming up with your own solution. You would use research papers, books, conferences, and social media to do your research.
These are just some of the many traditional management strategies available. There are also non-traditional strategies such as strategic planning, focus groups, and benchmarking. We will discuss several more below.
What are the advantages of traditional methods? They are easy to apply so most managers use them. Also, they have been proven to work so they must be effective. Finally, they require very little time so busy managers tend to use them.
Traditional tactics are fours that businesses have utilized for a long time. Personal observation is one of them. Statistical reports, for example.
An observational procedure, scribbling down notes, microanalysis, the use of questions, continual comparison, and writing and drawing are all presented as methodological techniques. Each instrument has a distinct purpose in data collection and analysis, and they all function in tandem. For example, questions can be used to gain more information about a subject's opinion, while drawings provide a record of that information for later reference.
Observational procedures include direct observation, which involves watching someone or something in order to gather information about their behavior or activities; indirect observation, which uses clues such as documents, photographs, and tapes to learn about behaviors or events that may not be apparent to the observer; and structured interviews, which are guided discussions between two or more participants on a specific topic. Observations can also involve sensory perception: for example, listening devices are used by investigators to learn what people say in private conversations.
Microanalysis is the detailed study of small but relevant portions of texts or other forms of evidence. In investigative journalism, microanalysis is used to uncover hidden meanings in statements by public figures or information revealed during an investigation. Microanalysts look for subtle changes in word choice or syntax that would otherwise go unnoticed by readers at large.
Analysis, synthesis, induction, deduction, comparing, specifying, and analogy are the most significant. A particular topic of study may employ its own (unique) research approach. Such a method is referred to as a "particular method," which implies that it is unique and exclusively employed in the specified field of research. For example, psychoanalysis is a particular method for studying the mind.
In science, the term "method" refers to any systematic or rigorous way of doing something. The three most common methods in scientific studies are experimental testing, quantitative analysis, and qualitative investigation. Other methods include case studies, literature reviews, narrative reports, and surveys. The choice of method depends on the nature of the problem being investigated and the type of information required by the researcher.
Experimental testing is the most common method used in science. In experiments, certain variables are altered or removed from a situation (i.e., a test tube), and then the outcome (i.e., change in color of the solution) is observed and recorded. This procedure is repeated for different combinations of variables to determine how each factor affects the result. Because experiments can be done quickly and easily, they are often used first to identify problems before more time-consuming and invasive procedures are undertaken.
In statistics, the term "method" refers to any procedure or instrument used to collect data for statistical analysis.
Approaches of many kinds
The Triangulation Design, Embedded Design, Explanatory Design, and Exploratory Design are the four basic forms of mixed methods designs. They are useful for integrating quantitative and qualitative data in a single study or multiple studies.
In the Triangulation Design, different methods are used to examine the same topic or concept from different perspectives. For example, one study might use interviews and focus groups to explore participants' views on a topic while another study uses survey questions to measure these same views. By combining the results from both studies, important insights can be gained about how people feel about an issue without being limited to only looking at their experiences.
In the Embedded Design, certain aspects of a study are incorporated into other parts of the research process. For example, one study may be conducted as a longitudinal design where information is collected over time from the same group of participants. This type of study allows us to observe how individuals' responses change over time while also providing valuable information about how their lives have changed since beginning the study.
Exploratory Designs are used when there is no clear way to combine data from two or more studies.