Program 
Diploma in Business 
Unit Number and Title 
Unit 6 Business Decision Making 
QFC Level 
Level 5 
This report is a business decision making report of BRIT college where this college wants to increase the number of students so a research is to be made to know the preferences of the students in the college as well as in order to increase the number of students college needs to increase the number of classrooms in the college so decision in regard to choosing the project will also help in better decision making.
Plan for collection of data to help BRIT college to achieve its goals
Collection of primary data 
The data that is to be collected for this research is the preference of business students in UK and overseas in regard to development programmes.

Collection of secondary data 
Secondary data is to be collected for this research is to gather more information about the BRIT college and other courses which this college offers as well as other facilities of the BRIT college.

Tools for collection of primary data 
Primary data will be collected through questionnaires to know the preferences of students.

Tools for collection of secondary data 
Internet, other publications in market in regard to the college. 
Time involved in collection primary data 
Primary data collection will take approx 20 days. 
Time involved in collection of secondary data 
Secondary data collection will take approx 10 days (Stanek, et.al, 2016). 
Time period for this research 
The research need to be completed within one month.

Methods of sampling frame 
Random sampling and stratified sampling are to be used for this research.

For this research I will distribute a questionnaire among approx 2030 people randomly as a sample to know their preferences about BRIT college (Kinsella, J. 2011).
Questionnaire prepared for this research is as follows.
What is your age?
What is your gender?
what is your status?
Are you working?
What is your previous qualification?
what is your nationality?
Why you want to study Business Decision Making?
Do you someone who is already studying at BRIT college
what is your mode of study?
What is the distance between your residence and college?
Graph showing the relationship between satisfaction and achievement
X 
Y 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Mean: Mean is a measure of central tendency which is calculated through adding all the numbers in a series and then dividing it with the sum of total numbers. It is also known as arithmetic mean (Sinova, et.al, 2014).
Calculation of mean 

Satisfaction (x) 
Achievement (f) 
∑fx 
40 
47 
1880 
28 
22 
616 
30 
36 
1080 
29 
32 
928 
27 
40 
1080 
39 
33 
1287 
25 
29 
725 
18 
16 
288 
35 
40 
1400 
45 
44 
1980 
339 
11264 

Mean= 
33.22713864 

Mean = ∑fx/∑f
=11264/339
=33.22
Result: As per the above table 33.22 is the mean which shows the average number of achievement
Median: Median is calculated with a view to identify the mid value of a series
Calculation of median 

Satisfaction (x) 
Achievement (f) 
cf 
40 
47 
47 
28 
22 
69 
30 
36 
105 
29 
32 
137 
27 
40 
177 
39 
33 
210 
25 
29 
239 
18 
16 
255 
35 
40 
295 
45 
44 
339 
Median 
34.5 
Result: The median which represents the mid value of the achievement is 34.5.
Mode: it is also a measure of central tendency which represents the highest value in the series (Cardinal, 2015).
Calculation of mode 

Satisfaction (x) 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Highest frequency in the above table is 47 so the mode for this table 40.
Result: Highest number of achievement is 47
The above calculated results shows the relationship between the satisfaction of the students and their achievement which represent their scores and the graph was prepared keeping in view an idea of 50 students of the college so that it makes it easy for us to calculate the mean mode and median for the results of 50 students.
The above calculated mean shows that 33.2 are the average marks of 50 students this shows that average students among 50 scores this marks. The median shows the middle value of the grades of the students that is 34.5 and the mode shows the highest frequency of the marks which the students are scoring and the result shows that 40 is the most often marks which students are scoring.
Standard deviation: Standard deviation is a value which shows the amount of variation of the data values. This shows the relationship among the data values (Manikandan, 2011).
Calculation of standard deviation


Satisfaction (x) 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Standard deviation 
8.085652588 
Result: Standard deviation for the above table is 8.09
Variance: Standard deviation is basically the square root of variance so variance can be calculated as whole square of standard deviation (Ko?acz. & Grzegorzewski, 2016).
Calculation of variance


Satisfaction (x) 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Variance 
65.37777778 
Result: Variance for the above table is 65.38
Quartile: Quartile is also known as the type of quartile. It defines the ranked set of data values as the mid value of the series is median and represented as Q2, the mid value of minimum number and median is known as Q1 and the mid value of median and maximum value is known as Q3.
Calculation of quartile


Satisfaction (x) 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Q1= 
27.25 
Percentile: Percentile is also known as centile which is used to indicate the value which is a given percentage of observations in a series (Abid, et.al, 2014).
Calculation of percentile


Satisfaction (x 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Percentile 
38 
Correlation: Correlation shows the mutual relationships of data values in a series.
Calculation of correlation


Satisfaction (x) 
Achievement (f) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
correlation coefficient 
0.783249089 
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Satisfaction (x) 
Achievement (y) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
Line Graph:
Satisfaction (x) 
Achievement (y) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
The result analysed from 50 students of 10 alumni regarding their satisfaction and achievement in BRIT college is represented in the form of charts above.
In this research trend line is prepared with a view to identify the trend in the responses of the students in regard to their satisfaction and achievement in BRIT college (Maurya, et. al, 2014).
Satisfaction (x) 
Achievement (y) 
40 
47 
28 
22 
30 
36 
29 
32 
27 
40 
39 
33 
25 
29 
18 
16 
35 
40 
45 
44 
To,
The CEO of BRIT College,
Date: ..................
Subject: Increase of enrolment of students
Respected Sir,
I am a student of your college and I have conducted a research on knowing the preferences of the old students as well as preference of the other students so that number of students in our college can be increased.
For this research data was collected from 50 students of 10 alumni so that to know their experience regarding the college as well as their satisfaction level regarding the environment, studiers and all other factors which can affect a student. This research was conducted with a view to identify the level of satisfaction among the students in relation to their achievements in the college so that the research can be concluded that BRIT college is providing better services to their students so that maximum students can enrol themselves in the courses of this college (Schneider, 2012).
Certain factors which I considered during this research were that most of the people do not have knowledge reading the courses of college as the college wants to increase the number of students in business programme so it is very essential for the college that people must be knowing about the courses of the college another thing which I analysed that people are not aware of thesebusiness programme and there is lack of awareness among the people that they do not know the area and scope of this course, people are not aware regarding the career scope of this course and increased employment and increased for the people who have completed this course. One more thing which is very important that people take these business programs very lightly so it is essential for them to understand the importance of these courses and engage themselves in such career oriented courses also the past record of the college shows the good performance of the college.
There are certain factors that can affect the success of the college some of them are like lack of good teachers like there are less teachers available for this business management programmes so this can be a challenge for the college to appoint good teachers for the college so that those teachers can devote their knowledge to the students as well as they can provide quality services to the students this will help the students in better career development (Ferrigno, 2014).
BRIT college is such on a great path to provide quality services to the students of the college as well as college is showing its initiatives to increase the students in the business programmes so that more students must get enrol in this programs for this college needs to advertise a little bit so that the students must be knowing about the courses of the college as well as college needs to attend workshops for the students to tell them the future scope of this business programme so that maximum students must enrol themselves in this course.
Thank you
Yours Sincerely
...............................
Decision making tools enables every organisation for better decision making as these tools allows them to analysis the situations accordingly so that they can evolve themselves in better decision making. There are various tools which are used by BRIT college to support decision making in the college which are as follows.
Transaction processing systems (TPS): Transaction processing system is information which is used for business transactions to increase the performance, consistency and reliability of data. This system helps the business for collection, modification and for retrieval of transaction data. This helps the business to use the information properly in better ways so that they can evolve better decision making in the college as these are used at the colleges at operational level that so that attendance sheets and tracking sheets are maintained. These systems helps in maintain record of attendance sheets of students as well as teachers so that college can track record of overall performance of the students as well as teachers of the college.
Management information systems (MIS): Management information system is helpful for the business at management level as this system helps the management to store information regard to management relating to HR database, Intranet, online marketing etc. In the college this management information system helps in storing the information and knowledge relating to the management so in the database so that all the activities of the people of management of the college can be kept at a single platform so that tracking can be done properly also this helps in identification of the performance of each and every person of management so these systems enables the college to better decision making based on the information stored in the software.
Executive information systems (EIS): This information system is helpful at strategic level of management so that they can make better strategies for the college as well as they helps the strategic management to take better decisions on the basis of strategies made by them. These EIS are helpful to manage the information to hold meeting with the stakeholders, to attend conferences and to manage information relating to the senior managers in a secured manner so that the information can be managed in proper ways and is managed properly and there is no risk involved with the information. This system helps in storing the information of various levels of an organisation for a longer time so that information can be accessed anytime as well as they are preserved so that they can be used by the management at anytime they want to use for better decision making.
Hence all these tools are very helpful for the management as well as they enables the management for better decision making.
Activity 
Activity 
Immediate predecessor 
Time 
A 
Foundation 
 
4 days 
B 
Framing 
Foundation (A) 
10 days 
C 
Plumbing 
Framing (B) 
9 days 
D 
Electrical 
Framing (B) 
6 days 
E 
Wall Board 
Plumbing and electrical ( C and D) 
8 days 
F 
Siding 
Framing (B) 
16 days 
H 
Paint Interior 
Wall board (E) 
5 days 
I 
Paint Exterior 
Siding (F) 
9 days 
J 
Fixtures 
Paint Exterior (I) 
6 days 
Critical path: Critical path is the longest path which is taken to achieve the project so the critical path for this project is as follows.
Critical path A+B+F+I+J=
Critical path 4+10+16+9+6= 45 days
So the critical path for this project is 45 days.
BRIT college is undertaking a project to build additional classrooms for the increased students as the increase number of students must be needing the classrooms where they can study so BRIT college needs to build more classrooms so that they can create enough space in the college for the new students to study and for this a project has been opted by the college for in regard to build additional classrooms so before adopting the project the viability of the projects will be checked on the basis of calculating NPV and IRR of the project and then recommendation will be made to describe that whether BRIT college should accept the project or reject the project so checking the financial viability of the project is as follows.
Year 
Project Cash flow (£) 
Investment 
550,000 
2016 
90,000 
2017 
110,000 
2018 
180,000 
2019 
205,000 
2020 
250,000 


NPV 
$16,345.39 
IRR 
13% 


Result: BRIT College should go for the project as the NPV of the project is positive and this shows that the project is viable for the BRIT college also the IRR is greater than cost of capital of the so the conclusion is that BRIT college should go for this project of increasing the number of classrooms.
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