QUANTITATIVE ANALYSIS FOR BUSINESS – ORIGINAL WORK – DUE TODAY AT 5PM EST

 

1a. I agree that descriptive statistics can be used to perform performance evaluation of departments and individuals. In this curriculum, we go beyond use of descriptive statistics, Our E-Text (Statistics for Business and Economics) in Section 1.3 states that “A statistical inference is an estimate or prediction or some other generalization about a population based on information contained in a sample”.  What are some things that we can achieve by using inferential statistics, as opposed to using descriptive stats alone? What do you think?

 

1b. It is certain that before launching a new product we should research the customer feedback and market performance of similar products through appropriate descriptive stats.  In this curriculum, we go beyond use of descriptive statistics, Our E-Text (Statistics for Business and Economics) in Section 1.3 states that “Astatistical inference is an estimate or prediction or some other generalization about a population based on information contained in a sample”.  What are some things that we can achieve by using inferential statistics, as opposed to using descriptive stats alone? What do you think?

 

1c.  The second part of this question was to describe a business situation where statistics was used in making a decision. Your example states that food industry use statistical analysis to evaluate their new programs. It would be interesting to find out what type of statistical research they use. Can you expand on that a little bit?

 

How would you go about choosing a statistical method for your managerial problem? I suggest you read this article before answering this question.

 

1d. I believe that, before we decide on what statistical method to use, we would have to determine what type of data are we dealing with.  Our E-Text (Statistics for Business and Economics, Eleventh Edition), Chapter 1.5 Types of data, can help you distinguish between different types of data.

Why is it important to know what types of data are we working with? How will knowing the type of data used in our study impact our decision on how to analyze the data?

 

1e. Inventory management is certainly valid application of statistics. Our E-Text (Basic Statistics for Business and Economics) Chapter 1 pp.6 states: “For instance, the United States government reports the population of the United States was 179,323,000 in 1960; 203,302,000 in 1970; 226,542,000 in 1980; 248,709,000 in 1990, and 265,000,000 in 2000. This information is descriptive statistics.

It is descriptive statistics if we calculate the percentage growth from one decade to the next”.  What can we do with demographic data so it is MORE than just descriptive statistics?

 

1f.  I agree, most business depend on statistics to steer their future. In most cases, they use descriptive statistics, not more complex statistical models.

Our E-Text (Basic Statistics for Business and Economics) Chapter 1 pp.6 states: “For instance, the United States government reports the population of the United States was 179,323,000 in 1960; 203,302,000 in 1970; 226,542,000 in 1980; 248,709,000 in 1990, and 265,000,000 in 2000. This information is descriptive statistics. It is descriptive statistics if we calculate the percentage growth from one decade to the next”.  What can we do with demographic data so it is MORE than just descriptive statistics?

 

 

 

2a.  I agree that more than one variable is likely present in most research studies, however, why do you think that we always have to have more than one research variable? What if we just want to research the salaries of UoP MBA graduates (for marketing puposes) ? Would one variable suffice for that research? What do you think?

 

2b.  You have outlined several ways to classify research variables. You stated: “There are also qualitative variables in statistics which refer to things like age, eye color, and social security number”. That is true, many variables we work with in business research are qualitative. The question is, how are we going to analyze such variables? What measures of central tendency will we be using for non-numerical variables?

 

3. Select four variables that could be measured by nominal, ordinal, interval, and ratio scale. Classify them by measurement scale and select descriptive statistics that can be used to summarize data. Use the following table when posting your response:

Variable

Level of Measurement

Descriptive Stat and Justify Selection

 

Nominal

 
 

Ordinal

 
 

Interval

 
 

Ratio

 
     


Why is it important to make a distinction between four levels of measurement? How do you select measurement levels when developing a survey or data collection tool? Explain with examples.

 

 

 

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Get There Navigation Technologies: Operational Performance

with at least 300 words and references

 

Your team has been asked to evaluate the existing inventory management strategy at GTNT to find out how the company may optimize its operational performance. The company has also asked for a recommendation of which subcontractor to employ.

 

  • How would you plan around an emergency, such as a natural disaster? If a hurricane disrupted the supply of raw materials and the work-in-process inventory needed to produce finished goods, how would you modify the reorder points and quantities per order and why?
 

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Week 5 Assignment ” Short Turnaround”

Week 5 – Assignment

UMA

Do the following:

Employee Health, Safety and Security are important in the healthcare workplace. Healthcare providers must protect their employees but also their patients from the hazards in the workplace. For this week’s assignment you will write a 500 word essay discussing the concepts of employee health, safety and security. Your essay should include:

  1. A general discussion of each of these concepts.
  2. A discussion of who is affected by each of these concepts and the impact of failure to provide a healthy, safe and secure work environment.
  3. Examples of programs employed to create healthy, safe and secure work environments.

Support your position by citing the text or other researched sources. Be sure to identify all sources.

Be sure to:

  1. Present your easy in the proper essay format for an academic exercise.
  2. Submit an essay free of spelling errors and use correct grammar.
  3. Support your conclusion with examples or cite researched sources.
 

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FOR A-PLUS WRITER Can you help. its due in 1hr and 40 mins

 

In the Visual Ability test, a split-brain patient was shown an image in the left visual field but could not name the object. Explain why and identify the specialized functions that were discovered with regard to hemispheric lateralization. Consider some of the difficulties the split-brain operation causes and the strategies you would recommend to help a patient manage them. Was it ethical to do this study? Was it right to trade the suffering experienced by participants for the knowledge gained by the research? 

 

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Financial management DB 1

1 page

Describe the forces of globalization and its implications for the multinational firm.

Interpret the operation of the international financial system, its current state, and challenges for the future.

Summarize different types of foreign exchange exposure faced by the MNC. Identification and measurement of these risks

Explain the structure of international financial markets and institutions and the range of instruments traded therein.

 How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.

 

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Production Cost Analysis and Estimation Applied Problems

 

Please complete the following two applied problems:

Problem 1:

William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week.

Workers employed

Qty of pizzas produced per week

0
1
2
3
4
5
6
7
8

0
75
180
360
600
900
1140
1260
1360

Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary.

  1. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed?
  2. What number of workers appears to be most efficient in terms of pizza product per worker?
  3. What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week?
  4. Why would marginal productivity decline when you hire more workers in the short run after a certain level?
  5. How would expanding the business affect the economies of scale? When would you have constant returns to scale or diseconomies of scale? Describe your answer.

Problem 2:

The Paradise Shoes Company has estimated its weekly TVC function from data collected over the past several months, as TVC = 3450 + 20Q + 0.008Q2 where TVC represents the total variable cost and Q represents pairs of shoes produced per week. And its demand equation is Q = 4100 – 25P. The company is currently producing 1,000 pairs of shoes weekly and is considering expanding its output to 1,200 pairs of shoes weekly. To do this, it will have to lease another shoe-making machine ($2,000 per week fixed payment until the lease period ends). 

Show all of your calculations and processes. Describe your answer for each item below in complete sentences, whenever it is necessary.

  1. Describe and derive an expression for the marginal cost (MC) curve.
  2. Describe and estimate the incremental costs of the extra 200 pairs per week (from 1,000 pairs to 1,200 pairs of shoes).
  3. What are the profit-maximizing price and output levels for Paradise Shoes? Describe and calculate the profit-maximizing price and output.
  4. Discuss whether or not Paradise Shoes should expand its output further beyond 1,200 pairs per week. State all assumptions and qualifications that underlie your recommendation.
 

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Health care

Chapter 12 describes Saint Clare’s Health System’s adoption and utilization of business intelligence. For your discussion, please select ONE problem that the organization was looking to solve through this adoption/utilization. Which Dimensional Insight solution would have been optimal if Saint Clare’s had decided to purchase an off-the-shelf product and why?

 

I will email the chapter to whomever I choose.

 

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Intermediate acct 305

You have just joined a CPA firm. Your manager is impressed with the recommendations that you provided on the reporting of securities for the client. He comes in and says “You did a great job! The client was thrilled with the recommendations.”

Your manager has another consulting assignment. He asked you to prepare for him the entries and financial statement presentation for both of the following situations:

  • The new client has the following securities on his or her books on Dec 31, 2011:

Available-for-sale securities

Cost

Fair Value

2,000 shares of ABC stock

$30,000

$35,000

1,000 shares of XYZ stock

$20,000

$18,000

Total

$50,000

$53,000

    • Prepare the adjusting entry required for 2010 under available-for-sale securities.
    • How are the amounts reported in the financial statements?
  • The client has the following portfolio for trading securities as of Dec 31, 2011:

Available for trading securities

Cost

Fair Value

4,000 shares of ABC stock

$40,000

$35,000

2,000 shares of XYZ stock

$30,000

$20,000

Total

$70,000

$55,000

    • Prepare the adjusting entry required for 2010 under trading securities.
    • How are the amounts reported in the financial statements?
 

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excel help in material class

hello I need help on excel in maaterial class

 

 

 

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