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Quantitative Analysis for decision making class
1- linear regression is great tool for use in statistics and most research applications. Several companies use it to develop forecasting models and to optimize resource utilization. Thus, using it in the logistics and supply chain is more difficult because of many variables, such as labor, demand, multiple suppliers,inventory, etc. How do you evaluate which variables are more important for your forecasting model and how do you know that your forecast is accurate?
2- outliers will help researchers to determine the cause of the faulty measurements (process or measurement tool failure). Based on the grouping of outliers, researchers will deduce if the results are "false positives" or if the error is part of the process setup. what are some of the possible consequences of considering that outliers are "false" positives? How will you reduce number of outliers in your study?
An office supplier produces desks and chairs. Each desk requires 4 units of wood, and each chair needs 3 units of wood. A desk contributes $40 to profit
What are two common law theories under which individuals who have been harmed by polluters can obtain damages and injunctions?
Superior Company draws a check payable to Ted. Uri makes a note payable to Vital Finance Corporation.
A large electric utility company has proposed building an $820 million combined cycle, gas-powered plant to replace the electric generation capacity at one of its coal-fired facilities.
One of the issues that had to be resolved before liability could be assessed was whether Windy City and Stevenson were involved in a joint venture. What should the court rule on the issue of whether this was a joint venture? Discuss fully.
A student must select 10 electives from four different departments, with at least one course from every department. Explain how should the student select the courses.
Neda operates a small convenience store in a southern town that has a high tourist draw. After several years of operating the store, Neda has decided to no longer sell tobacco products of any kind because of her belief that they are dangerous and lea..
Analyzes the impact of potential change factors and the impact on the functions of management.
Any equipment which is in need of repair or replacement is removed for off-site service (or replacement) prior to the next day. Illustrate what Principles of Operations Management are supported by this policy.
As a process analyst with a Hospital, you have been assigned the task to figure out the possible delays associated with admitting and treating patients in the ER.
set up the appropriate control chart using 3-sigma limits and determine if the process is in control. Also plot the chart and draw the X-bar chart and R-chart also in order to illustrate your conclusions
Prepare a bubble chart, weighting the bubbles by the number of employees. Choose an arbitrary weight for the size of the management center. Be sure you clearly identify the x, y coordinates for the training facility.
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