Highlights
Graduate Learning Outcome (GLO)
GLO1: Discipline-specific knowledge and capabilities - appropriate to the level of study related to a discipline or profession.
GLO3: Digital Literacy - Using technologies to find, use and disseminate information
GLO5: Problem Solving - creating solutions to authentic (real world and ill-defined) problems.
Unit Learning Outcome (ULO)
ULO 1: Apply quantitative reasoning skills to solve complex problems.
ULO 2: Use contemporary data analysis and visualisation tools and recognise the limits of such tools.
Case Study
You are Natalia Navarska, a data analyst in the Research and Analysis group at Financial Review Magazine. Your primary role is to evaluate new products and services. You are often required to report outcomes of your analysis to senior editors at the Magazine who have little or no knowledge of data analysis.
Of specific interest to Financial Review magazine are the increasing numbers of companies that offer brokerage services for car insurance and potentially what this means for consumers. An insurance broker is an independent insurance agent who works with many insurance companies to find the very best available policies for his or her customers. Most of these brokers are advertising that they can save vehicle owners hundreds of dollars each year on insurance premiums.
Just recently, your research and analysis group secured a dataset from the Insurance Brokers Association (IBA), which is a random sample of 400 customers who obtained the services of car insurance brokers. You have performed an exploratory analysis and have emailed the results (see pages 6-7) to Edmond Kendrick, one of the senior editors of Financial Review Magazine.
Guidelines for Data Analysis
Read the case study and questions asked by Edmond carefully. Then spend some time reviewing the data to get a sense of the context. The analysis required for this assignment involves material covered in Module 1, with the corresponding tutorials being a useful guide.
Guidelines for your Business Report
Once you have completed your data analysis, you need to summarise the key findings for each question and write a response to Edmond in a report format. Your business report consists of four sections: Introduction, Main Body, Conclusion, and Appendices.
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