Case Study:
· Describe the business problem to be solved through the research.
· Discuss the significance, scope, magnitude, and feasibility of finding a solution to the issue, opportunity, or problem.
· Explain the research question, hypothesis, and variables.
1. Describe the business problem to be solved through the research.
2. Wal-Mart has a problem with theft and losing product. To many police calls are being made for people stealing from their stores
3. Discuss the significance, scope, magnitude, and feasibility of finding a solution to the Issue, opportunity, or problem.
Wal-Mart need to stop this problem if theft can keep happening in their stores it will cost them millions of dollars in product. Making to many police calls can keep police officers from handling more important task that they should be taking care of. Fixing this problem is feasible if Wal-Mart can come up with a solid plan to cut theft and police calls
Explain the research question, hypothesis, and variables.
Question: How can Wal-Mart cut down on theft and police calls made to local authorities?
Hypothesis: Implementing greeters, receipt scanners, and a forgiveness program for those caught stealing less than $25 of product will cut theft and police calls by 75%
Independent Variables: Implementing greeters, receipt scanners, and a forgiveness program.
Dependent Variables: The amount of theft that occurs and phone calls to police for theft.