C2-M2 - Mathematical Thinking
Mathematical Thinking in Data Analysis
Definition of Mathematical Thinking
A logical approach to problem-solving.
Involves breaking down problems step by step to identify data patterns.
Useful for choosing appropriate analytical tools based on problem specifics.
Types of Data
Small Data:
Defined as specific metrics over short time periods.
Example: Daily water intake.
Best for day-to-day decision making.
Tools: Spreadsheets for organizing and analyzing data.
Big Data:
Involves larger and less specific datasets, covering extended periods.
Requires breakdown for effective analysis.
Useful for large-scale problems and significant business decisions.
Tools: SQL for handling large datasets.
Case Study: Bed Optimization in a Hospital
Problem Description:
Hospitals may experience over or underutilization of beds.
Goal: Optimize bed usage while minimizing waste of resources.
Using Mathematical Thinking:
Step-by-Step Breakdown:
Identify key metrics (e.g., number of beds open and used over time).
Calculate Bed Occupancy Rate:
Formula: Bed Occupancy Rate = (Total Inpatient Days) / (Total Available Beds).
Identifying Patterns:
Analyze relationships between key variables to find actionable insights.
Choosing the Right Tool:
Due to the extensive patient data over time, SQL is the logical choice for analysis.
Finding a Solution:
Discovering consistently unused beds leads to action:
Decision to reduce the number of beds saves space and resources.
Resources can be reallocated for necessary supplies like protective equipment.
Summary of Key Concepts Learned
Importance of data empowerment in decision-making.
Difference between quantitative (numerical) and qualitative (descriptive) analysis.
Utilizing reports and dashboards for efficient data visualization.
Defining and understanding metrics in data analysis.
Applying mathematical approaches to enhance problem-solving.
Coming Up Next
Introduction to spreadsheet basics in data analysis.
Application of learned concepts and introduction of new analytical tools.