Exam (elaborations)

IOP2601 ASSESSMENT 4 SEM 1 OF 2024 EXPECTED SOLUTIONS

0 purchase

Course
IOP2601 (IOP2601)

Institution
University Of South Africa (Unisa)

THIS DOCUMENT CONTAINS EXPECTED SOLUTIONS FORIOP2601 ASSESSMENT 4 SEM 1 OF 2024 SOLUTIONS. USE IT AS A GUIDE TO HELP YOU SCORE ABOVE 75%

[Show more]

Preview 2 out of 13 pages

View example

Uploaded on May 29, 2024
Number of pages 13
Written in 2023/2024
Type Exam (elaborations)
Contains Questions & answers

iop2601 assessment 4

oscardiura Member since 3 year 5750 documents sold

315

122

153

129

OSCAR THE TUTOR
0737560989
Question 1 FORFAC,ECS,MAC,DSC,TAX,FIN,INV,QMI,STA,B
NU,MN
B,MNG tutoring
a) What is research, and why is it important? (2)

Answer: Research is a systematic process of inquiry aimed at uncovering new knowledge or
validating existing knowledge. It involves collecting, analyzing, and interpreting data to answer
specific questions or test hypotheses. Research is crucial for several reasons:

 Understanding the world around us: Research helps us gain insights into natural
phenomena, human behavior, and societal trends.
 Solving problems: Through research, we can develop effective solutions to challenges in
various fields, from medicine to engineering to social policy.
 Making informed decisions: Research provides data and evidence for informed
decision-making, both in personal and professional contexts.
 Advancing knowledge: Research continually expands the boundaries of human
understanding and fosters innovation.

(b) How does research differ from common misconceptions? (2)

Answer: Research often gets confused with mere information gathering. Here's the key
difference:

 Information gathering: Passively acquiring existing knowledge without a specific
purpose or critical analysis.
 Research: Actively seeking new knowledge or verifying existing knowledge through a
structured approach.

Research is more rigorous, often involving hypothesis development, data collection methods,
analysis, and interpretation. It seeks to answer specific questions and contribute to a broader
understanding within a field.

(c) How does research apply to Industrial Psychology? Provide an example. (2)

Answer: Industrial Psychology utilizes research to improve workplace well-being, productivity,
and employee satisfaction. Here's an example:

 Research Question: Does implementing a flexible work schedule lead to increased
employee engagement?
 Method: Researchers might conduct a survey of employees under a fixed schedule and a
flexible schedule to compare engagement levels and other relevant factors.
 Findings and Impact: Based on the results, organizations can decide whether to adopt
flexible work schedules to enhance employee engagement.

(d) How does translating data into numbers benefit decision-making processes? (2)

, Answer: Converting data into quantitative measures (numbers) offers several benefits:

 Objectivity: Numbers reduce bias and provide a standardized basis for comparison.
 Clarity: Numbers simplify complex relationships and patterns within the data.
 Accuracy: Numbers facilitate precise calculations and comparisons, improving decision-
making accuracy.
 Communication: Numbers enhance communication, allowing clear sharing of findings
and enabling collaboration.

By translating data into numbers, we gain a clearer picture, facilitate better analysis, and
ultimately make more informed decisions.

(e) Indicate whether the following statement is true or false. Also provide an explanation.
“The standard deviation is the square root of the variance and is denoted by the symbol σ.
(2)

Answer: True. The statement is accurate.

 Standard deviation (SD): Measures how spread out data is relative to the mean
(average). A higher SD indicates greater variability.
 Variance: The average of the squared deviations from the mean. It represents the average
squared distance from the mean.
 Symbol (σ): The lowercase Greek letter sigma (σ) is widely used to denote standard
deviation in populations (groups representing all potential data points)

OSCAR THE TUTOR
0737560989
FORFAC,ECS,MAC,DSC,TAX,FIN,INV,QMI,STA,BNU,M
N
B,MNG tutoring

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller oscardiura. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R100,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

69484 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 15 years now

Start selling

Exam (elaborations)

IOP2601 ASSESSMENT 4 SEM 1 OF 2024 EXPECTED SOLUTIONS

Document information

Subjects

Written for

Seller

Reviews received

Content preview