Question
Currently studying Trainer & Assessor and I have chosen FNSINC602 - Interpret and use financial statistics and tools as my example assessment plan, and I'd
Currently studying Trainer & Assessor and I have chosen FNSINC602 - Interpret and use financial statistics and tools
as my example assessment plan, and I'd like feedback on questions suggestions on the Elements.
Elements and Performance Criteria
1. Apply statistical methods to work (heading)
1.1 Evaluate and select appropriate statistical methods that apply to financial services work to suit required work outcome
1.2 Understand and effectively use suitable tools and techniques for statistical analysis
2. Source and interpret statistical data
2.1 Identify and access internal and external data and information sources to gather relevant current data
2.2 Validate data in accordance with industry statistical standards
2.3 Use data summaries and trends to verify currency and utility
2.4 Interpret correctly and use sampling techniques and diagrammatic, graphical and tabular information for required purpose
3. Analyse data using appropriate techniques and tools
3.1 Reflect organisational requirements and priorities in analysis of statistical data
3.2 Use analysis and descriptive tools and techniques to meet required outcomes and correct any data errors
3.3 Produce on time reports of analysis in appropriate detail and format, including use of diagrammatic, graphical and tabular information
4. Record statistical data analysis results and records
4.1 Validate records of data and statistical analysis to ensure accuracy and consistency with industry and organisational standards
4.2 File and store records for easy retrieval while meeting all security requirements
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