Author Question: What are the benefits of a written data analysis plan? What will be an ideal ... (Read 41 times)

rlane42 · **on:** Jul 6, 2018

What are the benefits of a written data analysis plan?

What will be an ideal response?

Question 2

One type of ledger account form has a two-balance-column arrangement.
a. True
b. False
Indicate whether the statement is true or false

ryansturges · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

A written data analysis plan (document) is commonly developed that outlines specific tasks and expected time requirements. Recording the plan has several benefits:
. it forces the analyst to explicitly consider constraints;
. it helps the analyst to remain on task, avoiding any unnecessary efforts that consume valuable time and resources;
. it provides a standard against which to monitor the progress of the data analysis; and
. it facilitates a detailed description of the analysis, which is a necessary component for communicating results at the completion of the engagement.

Answer to Question 2

True