...QBUS 215 HW #1 Due 07/15/15 @7:55 am Name: ──────────────── Based on the content of the Online Detailed Examples presentations along with other online resources and your textbook, plus the posted set of solved problems, complete and fill in the blanks below. All questions are based upon the Required Textbook: Statistics for Business and Economics by Anderson, Sweeney and Williams, 11th Ed., 2012, Thomson/South-Western. Ch-3 ( Learning Objectives) 1. Understand the purpose of measures of location. 2. Be able to compute the mean, median, mode, quartiles, and various percentiles. 3. Understand the purpose of measures of variability. 4. Be able to compute the range, interquartile range, variance, standard deviation, and coefficient of variation. 5. Understand skewness as a measure of the shape of a data distribution. Learn how to recognize when a data distribution is negatively skewed, roughly symmetric, and positively skewed. 6. Be able to compute and interpret covariance and correlation as measures of association between two variables. Ch-5 (Learning Objectives) 1. Understand the concepts of a random variable and a probability distribution. 2. Be able to distinguish between discrete and continuous random variables. 3. Be able to compute and interpret the expected value, variance, and standard deviation for a discrete random variable. Ch-8: ( Learning Objectives: Only Section 2) 1. Know how to construct and interpret an interval estimate of a population mean and / or a population...
Words: 1093 - Pages: 5
...Assignment 9 As I come to the end of my sophomore year, I have a good understanding as to where I want my life to go in regards to my career. I plan on double majoring in Journalism and Media Studies as well as Human Resource Management. Over the course of the year we have taken multiple personality tests that have highlighted aspects of our personalities and guided us to specific careers that would fit those personality traits. The Myers Briggs test revealed that I am a “seller” and very sociable. Career Interests Profile explained that I am kind of person who likes assisting others, and I enjoy social interaction and helping people overcome their personal problems. The interest profile from O*Net rated me with a score of 34 for being social, a 31 for enterprising, and a 30 for artistic. As I reflected back on this information, I understood that it suited me very well. I am going to utilize the personality traits that the tests pointed out in my future career. The ideal career that I am striving towards is to write for a famous fashion magazine. The personality tests that I took pointed out characteristics that will be very useful in my future plans to reach this goal. A magazine writer must be social and outgoing in order to get news that is of interest to readers. As mentioned before, the Myers Briggs test revealed that I ultimately am very social and am a “seller.” The Career Interests profile said I enjoy social interaction, which obviously is a very important characteristic...
Words: 516 - Pages: 3
...Law 1 #4, 5, 6, 9 4. The loan contract can be seen as voidable if there is significant evidence that Hauer was incapable of making the decision on her own. According to her psychological expert she was incapable of making decisions at the time the contract was signed. The contract can be voidable due to the fact that Eilbes and Schroeder might have convinced her to sign the papers with Hauer not knowing the entire terms of the contract. 5. Lee will be able to disaffirm the contract without reimbursing Haydocy Pontiac for the value of the car because she was a minor at the time she signed the contract. If terms state that the buyer must be twenty one years of age then Lee should be able to disaffirm the contract. Pontiac should have taken better action to ensure that Lee was twenty one at the time of purchase. 6. Joseph’s argument that he signed the contract when he was a minor and therefore lacked capacity to contract was a good argument. It was a good argument although it was not until 2003 he was sued. At this time it has been fourteen years since the contract was signed. Too much time has passed for Joseph to disaffirm the initial contract. 9. Johnson will not be able to get the card back because the legal owner of the card would be the boy who bought the card. The inexperienced cashier is at fault and action can only be taken against him. Johnson cannot get the card...
Words: 260 - Pages: 2
...Lemon-made DeVry University BUSN115 Introduction to Business and Technology Lemonade Stand Informal Business Report INTRODUCTION My new small business name will be Lemon-made; a lemonade stand in which the lemonade will be made with organic lemons, and other natural ingredients. I have always thought it was weird to make lemonade from lemon flavored sugar powder so I want my lemonade to be natural. Due to that, a potential investor in my new business is Whole Foods. They are a grocery store that seeks out natural and organic foods to provide the best for their customers. Not only does my business share that goal, but being an organic/natural grocery store, they would not necessarily have to go out of their way to provide the resources that my business would require. BRANDING STRATEGY Since the most crucial part of my branding strategy is branding my product as a healthy, organic, natural product, having an investor that already is associated with those things would increase the chances of my product being branded as that as well, in addition to having a somewhat established clientele. As far as location goes, I think it only reasonable (and fair to my investor) to position my business outside of Whole Foods Markets. Not only will this ensure a flow of customers that are concerned about their health, and the quality of the product they are consuming, but also allow for excellent publicity. The customers will be able to witness the lemonade being made freshly, with products...
Words: 944 - Pages: 4
...Hours: Monday 8:30-8:55 AM, 9:55-10:55 AM, 12:00-3:10 PM Wednesday 8:30-8:55 AM, 9:55-10:55 AM Other days and times by appointment Course Website (Blackboard): http://iol.tamucc.edu/ Course Materials 1. Required Text: O’Brien, James and George Marakas, Introduction to Information Systems: Essentials for the E-Business Enterprise, 16th ed., Irwin/McGraw-Hill. Print - ISBN: 0073376884 eText – ISBN: 0077506413 2. Course material through http://iol.tamucc.edu/ Optional Materials None Prerequisites MISY 2305 or equivalent and Junior standing or above. Course Description: Provides an understanding of the importance of computer-based information in the success of the firm. Illustrates ways in which companies utilize computer systems to strategically compete within certain industries. Emphasis is on the role of information systems within each of the functional areas of business. Major concepts include data management, decision support, and management information systems. Relationship to Other Coursework: Where MISY 2305 provides for hands-on general entry-level computer package skills, this course revolves around business information systems and advanced...
Words: 2297 - Pages: 10
...BUSINESS EN ETHIEK Hoofdstuk 1: bedrijfsethiek in het spanningsveld tussen persoonlijke en institutionele verantwoordelijkheid.............................. 4 Inleiding: algemene beschouwingen over bedrijfsethiek..................................................... 4 1. 1 Bedrijfsethiek vanuit het standpunt van de ethische ondernemer.............................. 4 1.1.1 Bedrijfsethiek als ‘science des moeurs’: wetenschappelijke studie van het feitelijk moreel gedrag ................................................................................................... 5 1.1.2 Bedrijfsethiek als normatieve ethiek ............................................................... 5 1.2 De ethische onderneming ....................................................................................... 9 1.2.1 Het statuut van de onderneming.................................................................... 10 1.2.1.1 Een sociologische kijk: van organisatie naar instituut................................ 10 De dierbare organisatie......................................................................................... 10 Institutionalisering als routine............................................................................... 10 Internationalisering als interne waardecreatie ....................................................... 11 1.2.1.2 Een economische kijk op de onderneming................................................. 11 Het ondernemingsbegrip verruimd......
Words: 12394 - Pages: 50
...STRATEGIC MARKETING International Business Machines Techno in or techno out Case study 6-13 By Giana Martiena, MBA 2012-2013 Faculty of Hospitality, Tourism Management & International Business Studies University of Aruba, March 2013 INTRODUCTION By adapting its marketing strategy to meet and create demands International Business Machines (IBM) has proven to be able to withstand the ever changing technical world. Challenges come and go, in this case study we discuss a three-prong road that IBM faced. Should they continue to be a tech services company? Or should they explore the collaborative business model, running a risk to become exploited? Is it an option to keep the acquisition spree going for growth rather than organically grow by in-house or collaborative research and development? Facts of the case Structure, management and strategic directions IBM is a multinational corporation that started its activities in 1911. Its origins however, can be traced to 1890, during the height of the Industrial Revolution. It was first known as the Computing-Recording Company, and then in 1924, it took the name of International Business Machines. Nowadays, this multinational company is known as the ¡§Big Blue¡¨ It was first known as the Computing-Recording Company, and then in 1924, it took the name of International Business Machines. Nowadays, this multinational company is known as the ¡§Big Blue¡¨ IBM main activity is to find solutions to its wide range of clients...
Words: 2802 - Pages: 12
...Аbstrаct The report detаils on the Industry- e-commerce, to which Аmаzon belongs аnd how Аmаzon implemets E-commerce in its model. Аmаzon’s business strаtegies аnd it’s mаrket strаtegies hаve been covered in brief. Аmаzon is one of the biggest plаyers in the field of cloud computing аnd the wаy it’s implemented hаs been covered. Vаrious MIS tools аnd Models which аre employed by Аmаzon in it’s business solution, helps in developing better understаnding of the compаny аnd the subject in generаl. Industry Introduction: E-Commerce Electronic commerce populаrly known аs e-commerce is а new growth direction for the business community. It is the use of digitаl trаnsаctions between businesses аnd individuаls. In other words, e-commerce is the use of the Internet to conduct business trаnsаctions. Given the huge potentiаl thаt this formаt hаs, technology will certаinly improve ecommerce аnd hence provide individuаls with more choices, thereby аdding to the economy. E-Commerce is аlso defined аs the аbility of а compаny to possess а dynаmic presence on the Internet which will thus аllow the compаny to conduct its business electronicаlly; in other words shift to аn electronic shop. Products here аre аdvertised, sold аnd pаid electronicаlly. Due to the expаnsion of the internet, аdvertising аnd is аvаilаble to people аcross the world for аlmost negligible. Аn аdditionаl аdvаntаge is thаt, the technology offers immediаte up grаdаtion аnd solution to issues. The biggest chаllenge for...
Words: 3760 - Pages: 16
...Club IT part 2 Mark Reis Xbis/219 August 18, 2013 Katherine Escobar Club IT part 2 Ruben Keys and Lisa Tejada along with many other business owners understand that information system technologies will let their originations to compete and flourish in the market place. Lisa, Rubin, and a systems consultant have analyzed the current information system status and during this analysis they have identified three areas that need improvement. This prompted Lisa and Ruben made the decision to upgrade their information management systems. The first problem their information system identified was neither Lisa nor Ruben were not up-to-speed with e-commerce. The second problem is that their computers are old and out-dated along with that their Internet connection was the old hard-wired system that plugged directly into the computer. The third problem, they need a better way to keep track of customer orders along with keeping track of inventory. A “Water Fall” method was Lisa and Rubens choice of method to use in their systems analysis (Wiley Higher Education, 2006). Current Information System Lisa and Rubin use their information system to help run their business and in their decision-making process’ (Wiley Higher Education, 2006). Their intranet and using the Internet helps them search for and retrieve needed information quickly. The web site has a login for employees, and they can access their personal information like, how many hours they...
Words: 941 - Pages: 4
...SG C1 True/False Indicate whether the statement is true or false. __T_ 1. IBM defines electronic business as "the transformation of key business processes through the use of Internet technologies." ___T_ 2. A transaction is an exchange of value. ___F_ 3. A transaction always has one or more activities associated with it, and an activity will always be related to a transaction. __T__ 4. Transferring funds, placing orders, sending invoices, and shipping goods to customers are all types of activities or transactions. __F__ 5. Business-to-consumer electronic commerce occurs when a person sells an item through a Web auction site to another person. __T__ 6. The U.S. government is one of the largest EDI trading partners in the world. __T__ 7. Firms such as Walmart and General Electric have been pioneers in using EDI to improve their purchasing processes and their relationships with suppliers. __T__ 8. A value added network (VAN) is an independent firm that offers connection and transaction-forwarding services to buyers and sellers engaged in EDI. __T__ 9. The increase in broadband connections in homes is a key element in the B2C component of the second wave. __T__ 10. In some cases, business processes use traditional commerce activities very effectively, and technology cannot improve upon them. __F__ 11. The skills of merchandising and personal selling can be easy to practice remotely. __F__ 12. A small-denomination item...
Words: 2244 - Pages: 9
...The Growth of Alibaba pg.8-pg.10 * Alibaba Business Model pg.11 * Five Forces Analysis pg.12-pg.13 * Present the Corporation Now pg.13 * Business Environment pg.14-pg.15 * The Financial Analysis pg.17-pg.18 * SWOT Analysis pg.19 * Recommendation for Alibaba pg.20 * Conclusion pg.20 * References pg.21 Definition * E-commerce Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media, and telephones as well. Electronic commerce is generally considered to be the sales aspect of e-business. It also consists of the exchange of data to facilitate the financing and payment aspects of business transactions. This is an effective and efficient way of communicating...
Words: 5641 - Pages: 23
...Li & Fung : Strategic Role of E-Commerce 2006/9/13 ECT 7010 Fundamental of ECommerce Technologies 1 Defensive posture of Li & Fung to the Internet at the beginning “Would the Internet disintermediate us? Would we get Amazoned by someone who will put together all of the information about buyers and factories online?” Answer: The Internet facilitates supply chain management and Li & Fung were not going to be disintermediated Key: have the old economy know-how and yet be open to new economy ideas 2 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies Internet Issues August 2000, beta launch of the new Businessto-business(B2B) e-commerce portal Important issues: Was there any chance of channel conflict or cannibalization between the offline business and the start-up? How would the market reach to the start-up once it was launched the following year? How specifically would e-commerce ultimately transform his family’s century-old company? 2006/9/13 ECT 7010 Fundamental of E-Commerce Technologies 3 Company Background 2000 – Li & Fung a $2 billion global export trading company 3,600 staff worldwide Sourcing and managing the global supply chain for high-volume, time-sensitive consumer goods Product mix – hard and soft goods Soft goods – apparel, including woven and knit garments Hard goods – fashion accessories, festive or holiday products, furnishings, giftware, handicrafts, home products, furnishing, home products, fireworks, sporting goods, toys...
Words: 2314 - Pages: 10
...Associate Level Material Appendix D Club IT, Part 2 To learn more about Club IT’s operations, you stayed until the 2:00 a.m. closing this morning to see how everything was tallied and accounted at the end of a business day. Although it was a late night and you had to wake up early this morning to report back to work, you now have a better understanding of the daily business cycle at Club IT. You are energized when Lisa asks you for suggestions on how to use club and public resources to keep Club IT’s edge as the high-energy, high-impact club it strives to be. The Internet research you have been doing for Lisa and Ruben has been eye-opening, but it is also exasperatingly slow on their dialup connection in their cramped back office. You have a lot of ideas for useful network applications at Club IT. There are many opportunities for discovery and collaboration among employees, members and business partners. You decide to take the initiative and research network applications for the benefit of Club IT. You have interviewed Ruben and the rest of the staff at Club IT and have compiled the following notes: • Club IT’s customers are mostly Net Generation and Millennials. They regularly use mobile technologies such as Blackberries, PDAs, camera phones, and other wireless communication devices. Online shopping is a regular part of their lives. • Not many nightclubs have taken advantage of various e-commerce activities, and Ruben sees this as an opportunity to gain...
Words: 373 - Pages: 2
...3. Comprehensive Discussion on Consumerism Issues Panasonic adopted Firefox OS on their TV Panasonic faced huge competition in distributing and promoting the smart TV with operating system among the competitors such as Sony with Android TV, LG with webOS and Samsung with Tizen. In order to stay stable among the competitors, Panasonic made a great effort in their Smart TV platforms. Hence, Panasonic united together with Mozilla and subsequently came out with Panasonic Smart TV powered by Firefox OS. (Hands on: Panasonic Firefox OS Smart TV, 2015). By launching Firefox OS in smart TV, it will definitely bring more choices to customers, hardware manufacturers, developers and community. Panasonic has used the Firefox OS since year 2014. This development of the Firefox OS enhances the accessibility of the smart TV by supporting the HTML5 and web technologies on desktop computer and smart phones or tablets. (Harris, 2014). Simultaneously, this platform also facilitates the consumers in the optimal access to web browsers as well as broadcasts the content and services through the Internet. With the introduction of new Mozilla-pioeered WebAPIs for hardware operation, next generation smart TVs are capable of monitoring and controlling the devices of the home appliances. (Harris, 2014). Other than that, the manufacturers can create innovative applications across the connected devices by leveraging the flexibility of the web. (First Panasonic Smart TVs powered by Firefox OS Debut Worldwide...
Words: 825 - Pages: 4
...types of EC activities Business-to-Business (B2B) An interaction between the business people and other organizations is known as Business-to-Business (B2B). For example www.walmart.com and www.Sams club.com Business-to-consumer (B2C) Business selling to individual shoppers is known as Business-to-consumer (B2C). For example www.Barnes&Nobles.com. E-tailing Online shopping having access to products of interest for the consumers, by visiting their website directly is called E-tailing. For example Amazon, e-Bay. Business-to-Business-to-consumer (B2B2C) Business providing some product or service to a client business that maintains its own customers is known as (B2B2C). Consumer-to-Business (C2B) A consumer uses internet to sell products or services to organizations or individuals seeking sellers, to bid on products or services they need. For example e-Bay. Business-to-employees (B2E) Organization delivers services, information, or products to its individual employees. For example www.asics.com Consumer-to-consumer (C2C) Consumer sells the product directly to other consumer. For example www.craigslist.com List of advantages and disadvantages of Electronic Commerce Advantages - 24/7 services for buying or selling products - Readily available to customers - Easy to manage a business - Faster and user friendly buying/selling procedure - Low operational costs and better quality of services - No need of physical company set-ups for business Disadvantages - No...
Words: 307 - Pages: 2
