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Statistics for Managers course Discussion question
In many ways, comparing multiple sample means is simply an extension of what we covered last week. Just as we had 3 versions of the t-test (1 sample, 2 sample (with and without equal variance), and paired; we have several versions of ANOVA - single factor, factorial (called 2-factor with replication in Excel), and within-subjects (2-factor without replication in Excel). What examples (professional, personal, social) can you provide on when we might use each type? What would be the appropriate hypotheses statements for each example?
Illustrate what are some optimizations problems you have seen or think companies have that cannot be structured in a format.
Outdoor furniture manufactures two products, benches and picnic tables. The firm has 2 main resources: its carpenters(labor force) and supply of redwood for use in furniture. This query contains 1 Linear programming problem solved by using QM for wi..
Illustrate what is the lowest expected annual interest rate which will ensure which this individual reaches his financial goal after 40 years of saving.
List the six basic steps involved in building the house of quality. What are the four levels of follower maturity defined by the situational leadership theory
discuss the relationship between these four features of capitalism. companies, profit motive, competition and private property.
Assuming that the current turnover and profits of both the units are comparable, compare the relative benefits and limitations of Materials Requirement Planning (MRP) for these two businesses.
Identify techniques for reducing the probability of dysfunctional conflict. Identify conflict resolution techniques used when conflict arises.
A recent trend among MNEs is to replace expatriates in foreign subsidiaries with local managers. What are the implications of that policy from the standpoints of (a) the development and implementation of global strategies
Evaluate advantages and disadvantages of local production and ideas to cope with the new challenges.
Alternative One reduces wasted motion (walking) to 1% of total labor used on the assembly line. Physical lifting is reduced to no more then 12 pounds. Six people will be required on the assembly line. Productivity in finished goods per 8-hour shif..
Provide three examples of businesses that do something similar to what you hope to do, and include a response to each of the following questions- What is the business' "why" for its venture. What is your "why" for your choice of business
What run quantity should be used to minimize total annual costs? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)
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