1 DPBS1110 Evidence-Based Problem Solving Assessment 2b: Assessment Guide and Marking Rubric You have been asked to do further investigation and provide a recommendation to NSW government. In particular, you have been asked to provide a recommendation on whether the NSW government need to interfere to address the housing stress problem and ease the pressure of the rising interest rates. Recommend at least one policy that NSW government could consider. 1. Solve lt! ‘Statistical Toolbox’ This section of the report is approximately 500 words (guide only, not a word limit). After your initial investigation and feedback from various stakeholders, it has been advised that there are other important factors which affect housing stress (e.g. low income, age and financial literacy). To understand whether these factors play an important role, you will need to (i) formulate a multiple linear regression model and (ii) explain whether the relationship is statistically and/or economically significant. The use of a multiple linear regression, confidence intervals and hypothesis testing would help you address this and thus provide evidence for your arguments. In addition to interpreting the results of your analysis you will also need to draw to attention issues of causality and confoundment which can impact the conclusions from the analysis. As a part of this assessment, assumptions and limitations need to be explicitly identified. e.g. What variable would you want to have in an ideal situation to measure income in this analysis Do you have this variable in the dataset Word limit: A maximum of 1,500 words (no minimum word limit; graphs, figures and reference list are excluded from the word count). A 10% penalty will apply if you exceed the word count. Structure and format: No introduction or executive summary are required. You are required to write in a business report style (i.e. formal language, etc). Referencing style: Harvard (see The ‘In-Text’ or Harvard method for more information). 2 2. Solve lt! ‘Ethics Toolbox’ This section of the report is approximately 500 words (guide only, not a word limit). Your client, the NSW government, is especially concerned with the ethical issues that housing stress presents. Apply the 7-step ethical decision-making framework from Unit 3 to one of the following ethical dilemmas: Should NSW government provide food stamps to low income earners to alleviate the rising cost of living problem Should NSW government asked borrowers to undertake compulsory financial literacy course before borrowing money from the bank For the ethical dilemma you are writing up, apply the 7-step ethics decision-making framework to formulate a position on the ethical issue selected. Makes sure your position on the ethical issue (step 7 in the framework) is clearly presented. 3. Solve It! ‘Information Toolbox’ This section of the report is approximately 500 words (guide only, not a word limit). After compiling all of the above evidence, you are now ready to consolidate this and other evidence that you researched, and provide your recommendations to your Team Leader for inclusion on the main report. Your instructions are to: Write your report with a clear problem-solving and decision-making logic Tell a compelling story with a clearly articulated report argument structure. You MUST include either a grouping or argument structure logic tree. (the logic tree will not be included in the word count) Ensure that your recommendations are persuasive and include specific course of actions for the government. Be consistent with the statistical and ethical analysis conducted in the report. Comment on the reliability and validity of this report. 3 Note about the data These data are realistic but fictitious; they have been constructed for the sole purpose of use in teaching. The data set contains 2,000 observations that were collected over a one-month period during 2021. Each observation refers to a different household residing in Sydney who have purchased a residential property with a mortgage at the time. The variables from the full survey that have been selected for your use are: lowinc Indicator variable =1 if the household is in the lowest two income quintiles, =0 otherwise lowSEIFA Indicator variable =1 if the property is located in an area that is in the lowest two SEIFA quintiles, =0 otherwise age Age of the household head (in years) comtime Normal weekly commuting time (in hours) from the property to work Financial Literacy 1= Very Poor; 2= Poor; 3= Satisfactory; 4= Good; 5= Very Good Access to financial advice 0= no 1= yes hcost Individual housing cost-income ratios calculated as the ratio of weekly mortgage repayments and weekly gross household income* * Disposable income is defined as equivalised after-tax income where equivalence scales are used to adjust for households of different sizes and hence to allow for economies of scale that arise from income sharing within households. Those households reporting zero or negative income have been excluded from the analysis. Other Resources: – Library Expert on Demand for personalised support: https://unsw.libcal.com/appointments/Main – Research consultation: https://unswlibrary.libanswers.com/research-consultation – Business guide: https://subjectguides.library.unsw.edu.au/business
