QUANTITATIVE DATA

Quantitative Data

Quantitative Data

Solving organizational problems effectively requires an appropriate mindset--viewing problems as opportunities or challenges and looking for solutions as opposed to placing blame, as well as developing skills in problem solving--a disciplined approach to defining the problem and identifying and implementing appropriate solutions (Suzanne, Karen and Beth, 2002).

Quantitative risk analysis is an approach that employs two fundamental elements; the probability of an event and the loss that might happen should it occur. The quantitative approach considers the range of possible values for key variables, and the probability with which they may occur. Simultaneous and random variation within these ...