In the task, you will source, validate, verify and interpret statistical data on each of the three separate occasions you performed in Workplace Assessment Task 1.

1. Access and review the following documents/information:
2. The Financial Services Work Outcome Report prepared in Workplace Assessment Task 1
3. Internal and external statistical data required to meet the financial services work outcome identified in the Financial Services Work Outcome Report prepared in Workplace Assessment Task 1
4. Internal and external information sources needed to gather the required statistical data
5. Organisational:

• Policies and procedures corresponding to the financial services work outcome that you identified in Workplace Assessment Task 1
• Strategic priorities
• Strategic outcomes

1. Regulatory requirements corresponding to the financial services work outcome that you identified in Workplace Assessment Task 1
2. Industry statistical standards
3. Statistical data summaries
4. Statistical data trends
5. Data sampling techniques
6. Diagrammatic, graphical and tabular information relating to the financial services work outcome identified in the Financial Services Work Outcome Report prepared in Workplace Assessment Task 1

On each of the three separate occasions you performed in Workplace Assessment Task 1:

1. Identify two industry statistical standards.
2. Explain how the statistical data required to meet the financial services work outcome identified in the Financial Services Work Outcome Report prepared in Workplace Assessment Task 1, comply with the identified industry statistical standards.
3. Using statistical data summaries and trends, verify the following aspects of the data collected to meet the financial services work outcome of your organisation as identified in the Financial Services Work Outcome Report prepared in Workplace Assessment Task 1:

• Currency of the data

Currency refers to whether the data are current and updated.

• Utility of the data

Utility refers to whether the data are usable.

1. Interpret the financial statistics of the data you validated and verified using the following:

• At least two sampling techniques
• At least one diagram
• At least one graph
• At least one table

1. Develop two strategies:

• That aim to achieve the financial services work outcome using the interpretations of statistical data
• That confirm the accessed and reviewed organisational policies, procedures and regulatory requirements are being met

1. Plan the following items related to organisational strategy:
   • Two priorities related to the financial services work outcome identified in Workplace Assessment Task 1
   • Two outcomes related to the financial services work outcome identified in Workplace Assessment Task 1
2. Complete a Data Interpretation Report using the above information.

Use your organisation's template for interpreting data. You may also use the Data Interpretation Report template provided along with workbook.

1. Implement the developed strategies.

You will be assessed on:

• Practical knowledge of statistical methods
• Practical skills in interpreting statistical data

Before starting the task, review the Workplace Assessment Task 2 - Assessor's Checklist provided along with the workbook. This form lists the criteria your submission must address to complete the task satisfactorily.

Your assessor will also:

• Organise workplace resources required for you to complete the assessment.
• Discuss with you the requirements listed in the Assessor's Checklist prior to the assessment.

1. Address your queries and concerns regarding the task.

After completing the task, submit the following to your assessor:

• Data Interpretation Report
• Evidence of implementing strategies
• Supplementary evidence of documents/information used to complete the task, including:
• The Financial Services Work Outcome Report prepared in Workplace Assessment Task 1

• Organisational:
• Policies and procedures corresponding to the financial services work outcome that you identified in Workplace Assessment Task 1
• Strategic priorities
• Strategic outcomes
• Regulatory requirements corresponding to the financial services work outcome that you identified in Workplace Assessment Task 1
• Industry statistical standards
• Statistical data summaries
• Statistical data trends
• Data sampling techniques
• Diagrammatic, graphical and tabular information relating to the financial services work outcome identified in the Financial Services Work Outcome Report prepared in Workplace Assessment Task 1