Examples of Unprocessed Data
Data is basically unprocessed
information and therefore cannot be generally used for decision making.
Therefore data is processed for decision making. Data processing may include
but not limited to the classification, sorting, applying different mathematical
processes and formula on data and presentation of data.
Example # 1
The data collected and provided to
you that total number of vehicle passing the bridges is 10,000 per day and tool
for the bridge crossing is $ 2, $ 4, and $ 6 for the cars, wagons and Trucks
respectively. The contract price of bridge toll collection is 8 million
Dollars. What should be the bid price?
In above information data is need to
be further processed for decision making because unless and until the number of
vehicles crossing the bridges is categories into cars , wagons and trucks, It
is not possible to make an appropriate decision about the bidding price.
if the data is processed and information is
generated like that the there are 2000 cars , 4000 wagons and 4000 trucks are
crossing the bridge ,then this information can be used for decision making.
Example # 2
There are two products A and B which
has the direct material cost $ 2 and $ 4, direct labor cost $ 4, $ 2 and direct
Expenses $ 5, $ 2. Set the selling price for the product.
The data presented above to the management
is not in the form to facilitate decision making, management need product price
for setting price and ideally the data must further be processed to facilitate
decision making. The following presentation of data is more relevant to for
decision making.
|
Product A
|
Product B
|
Direct
material
|
$ 2
|
$ 4
|
Direct Labor
|
$ 4
|
$ 2
|
Direct Expenses
|
$ 5
|
$ 2
|
|
$11
|
$8
|
Example # 3
Management was informed that during
the year revenue remained $ 205 million and the salaries expenses for the year
were $ 31, selling expenses $ 25, financial expenses $ 56, Administration
expenses $ 45. The management is required to assess the performance of the
organization.
The data presented above is need
further processing for performance evaluation and data is ideally be processed
and presented as follow.
Revenue
|
$ 205
|
Less :Expenses ($ 31+$25+$56+$45)
|
$ 157
|
Profit
|
$ 48
|
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