DPBS1110 Evidence-Based Problem Solving
\nAssessment 2a: Assessment Guide and Marking Rubric
\nCase Overview
\nImagine you work for a consulting firm called Solve It! Your company has a reputation for
\non-time and thorough problem-solving solutions that integrates different evidence sources,
\nnamely statistical information with insights from literature and ethical decision-making
\nprocesses.
\nSolve It! won a contract with NSW government. This contract has two deliverables. A Briefing
\nPack (Assessment 2a) that will be considered by NSW government officials. The format is written
\nresponses to the initial questions posed by the NSW government. You will be provided with
\nwritten feedback on the Briefing Pack; there is no opportunity to meet with NSW government
\nofficials to present your Briefing Pack, however you may meet with them (your tutor) to further
\nunderstand the feedback they provide. It is normal for clients and consultants to have such
\ninteractions to check progress and possibly refine the problem. The next deliverable is a Business
\nReport (Assessment 2b), which builds on feedback you have received, and you will also consider
\nadditional questions and material.
\nThe contract is about the mortgage stress in Sydney. The overarching issue to be addressed is
\nto: (1) determine the extent of mortgage stress in Sydney (Assessment 2a and 2b), and (2) make
\nrecommendations on how the government needs to intervene to alleviate the problem.
\n(Assessment 2b).
\n2
\nAssessment 2a: Case Briefing Pack (25%)
\nDetermine the extent of the problem of mortgage stress in Sydney. You have been asked by
\nyourteam leaderto address the questions in the Briefing Pack. You are required to use different
\nproblem-solving toolboxes to address these questions.
\n1. Solve It! \u2018Information Toolbox\u2019
\nThis section of the report is approximately 300 – 400 words (guide only, not a word limit).
\n\u2022 Use literature to frame the mortgage stress problem (use no more than four pieces of
\nliterature: two academic papers, and two pieces of grey literature).
\nFrame a problem means to clearly define what is the problem you want to solve. You may
\nwant to ask yourself the following questions when framing the problem: What is the
\ndefinition of mortgage stress? Who is involved? Why there is a mortgage stress problem
\nin Sydney?
\n\u2022 A 5Ws table or factor logic tree to could be used to summarise the problem.
\n\u2022 Word limit: A maximum of 1,200 words (no minimum word limit; graphs, figures and
\nreference list are excluded from the word count). A 10% penalty will apply if you exceed the
\nword count.
\n\u2022 Structure and format: No introduction or executive summary are required. You are required
\nto write in a business report style (i.e. formal language, etc).
\n\u2022 Referencing style: Harvard (see The ‘In-Text’ or Harvard method for more information).
\n3
\n2. Solve It! \u2018Statistical Toolbox\u2019
\nThis section of the report is approximately 500 \u2013 600 words (guide only, not a word limit).
\nOne of your colleagues at Solve It! has just compiled and delivered to you a dataset, which is
\na result of a recent survey conducted. You are asked to determine the extent of mortgage
\nstress problem in Sydney using this dataset.
\n\u2022 Read Note about the data (see page 4) for more information about the dataset.
\n\u2022 The first step of any data analysis is to understand and summarise the data. Use
\ngraphs and descriptive statistics to provide a snapshot of mortgage stress problem in
\nSydney. The key variable of interest here is hcost (mortgage repayment, aka housing
\ncosts, relative to household income).
\n\u2022 Your client, the NSW Government, is interested in the following questions:
\n\u2022 Whether mortgage stress (measured by hcost) tend to be associated with the
\nlevel of income
\n\u2022 Whether higher mortgage repayments (hcost) tend to be associated with older
\npeople
\n\u2022 Clearly identify any assumptions and limitations in your data analysis.
\n3. Solve It! \u2018Ethics Toolbox\u2019
\nThis section of the report is approximately 200 \u2013 300 words (guide only, not a word limit).
\n\u2022 Identify an ethical dilemma. Choose one of the following stakeholders impacted
\nby mortgage stress in Sydney.
\n\u2022 Banks
\n\u2022 First-home buyers
\n\u2022 Lower-income home buyers
\n\u2022 From the perspective of this stakeholder, identify an ethical dilemma associated with
\nmortgage stress. Use your moral imagination to think about the kinds of issues
\nassociated with having a mortgage in Sydney. Is there a potential for someone (or
\nsomething) to be harmed? Explain your reasoning.
\n4
\nNote about the data
\nThese data are realistic but fictitious; they have been constructed for the sole purpose of use in
\nteaching.
\nThe data set contains 2,000 observations that were collected over a one-month period during
\n2021. Each observation refers to a different household residing in Sydney who have purchased a
\nresidential property with a mortgage at the time. The variables from the full survey that have been
\nselected for your use are:
\nlowinc Indicator variable =1 if the household is in the lowest two income
\nquintiles, =0 otherwise
\nlowSEIFA Indicator variable =1 if the property is located in an area that is in the
\nlowest two SEIFA quintiles, =0 otherwise
\nage Age of the household head (in years)
\ncomtime Normal weekly commuting time (in hours) from the property to work
\nLocation 1= Eastern suburbs
\n2= Northern suburbs
\n3= Sydney CBD
\n4= Western suburbs
\n5= Southern suburbs
\nFinancial Literacy 1= Very Poor; 2= Poor; 3= Satisfactory; 4= Good; 5= Very Good
\nAccess to financial
\nadvice
\n0= no
\n1= yes
\nhcost Individual housing cost-income ratios calculated as the ratio of weekly
\nmortgage repayments and weekly gross household income*
\n* Disposable income is defined as equivalised after-tax income where equivalence scales are used to
\nadjust for households of different sizes and hence to allow for economies of scale that arise from income
\nsharing within households. Those households reporting zero or negative income have been excluded from
\nthe analysis.
\nOther Resources:
\n– Library Expert on Demand for personalised support:
\nhttps:\/\/unsw.libcal.com\/appointments\/Main
\n– Research consultation: https:\/\/unswlibrary.libanswers.com\/research-consultation
\n– Business guide: https:\/\/subjectguides.library.unsw.edu.au\/business<\/p>\n","protected":false},"excerpt":{"rendered":"
DPBS1110 Evidence-Based Problem Solving Assessment 2a: Assessment Guide and Marking Rubric Case Overview Imagine you work for a consulting firm called Solve It! Your company has a reputation for on-time and thorough problem-solving solutions that integrates different evidence sources, namely statistical information with insights from literature and ethical decision-making processes. Solve It! won a contract […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-35141","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/35141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=35141"}],"version-history":[{"count":2,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/35141\/revisions"}],"predecessor-version":[{"id":35145,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/35141\/revisions\/35145"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=35141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=35141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=35141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}