The Project is due by the end of Week 8. The Project The infamous company, Jordan & Associates, is in trouble again. The Deputy Director has just resigned in the midst of rumors going around the departments about discrimination, lawsuits, and even the company picnic has been canceled. I would like to seek your help in putting together an Ad hoc Statistics Report to be submitted to the CEO so that he can make the appropriate corrective, proactive, and retroactive decisions for the
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* Construct a 95% Confidence Interval for the proportion of blue M&Ms’ candies. Solution: The confidence interval is given as p±z1-α2 p1-pn where, p represents the proportion of success=proportion of blue M&Ms’ candies=0.213944 n represents sample size=9194 Z1-α2for 95% confidence level=1.96 Therefore, the required Confidence Interval is given as p±z1-α2 p1-pn =0.213944±1.960.2139441-0.2139449194 =0.213944±0.008383 =(0.205561, 0.222327) * Construct
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STRESS MANAGEMENT Stress according to psychologist is an evolutionary normal force of nature from the inside and outside world such as the physical environment like relationship with others, job, situations, challenges, home, difficulties and expectations that affects an individual. Stress is an occurrence when you have to handle more than you are used to. This may create a neutral, negative or positive biological experience; wherein normally human being respond based on their acceptance and
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IMPORTANT NOTES ON THE USE OF THIS EXAMPLE • Do NOT spend Too Much Time just “analyzing” and No Results! You also need to time to write a good CAR. So, once you “get” the Big Picture of the Case, and recognize the major analysis elements (focal system(s), main problem/Alternatives, etc.): o focus on analyzing those Alternatives and coming up with some significant Findings, and especially Recommendations. o As your analysis results “solidify,” focus more and more on Writing
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Based on our findings, we recommended the following: * Replenish all inventories at picking locations at the end of every night shift. * Use continual off-line replenishment of picking location stock throughout the night. * Implement "inventory-by-location" at receiving, warehouse and shipping operations * Move transactional processing and posting receipts, issues, and inventory balance updates from the office to the functional locations at receiving, warehouse, and shipping
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(B) 7 – 9 (C) 10 – 12 (D) 13 – 15 8. [1.1.3] Which of the following statements is correct? (A) The range is a measure of central tendency. (B) The median is a measure of dispersion. (C) For a symmetric distribution, the mean is equal to the median. (D) For a skewed distribution, the variance is a negative number. (E) The variance is a measure of central tendency. 9. [1.3.2] After a test, John found out that she scored in the 80th percentile. This means (A) John scored as high or higher
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Mercedes and BMW have been competing head-to-head for market share in the luxury-car market for more than four decades. Back in 1959, BMW (Bayerische Motoren Werke) almost went bankrupt and nearly sold out to Daimler-Benz, the maker of Mercedes-Benz cars. BMW was able to recover to the point that in 1992 it passed Mercedes in worldwide sales. Among the reasons for BMWs success was its ability to sell models that were more luxurious than previous models but still focused on consumer quality and environmental
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Describe the role of statistics in business decision making. Provide at least three examples or problem situations in which statistics was used or could be used. Statistics plays a significant part in successful business decisions. Any successful entrepreneur has to be especially sharp and correct when making business decisions. The entrepreneur should have a feeling for the market demand for the company's products and should therefore be able to identify what to produce products or services that
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(10 Marks) Based on Problem 2.19, page 36 in the book and the BULB data for two manufacturers, A and B: a. Construct a frequency distribution, percentage distribution and cumulative percentage for each manufacturer. |Manufacturer A |FREQUENCY | |Mean | 7,377.33 |Mean
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INTRODUCTION In the town of Lexington, Massachusetts, the real estate company VALMAX has received many complaints from two sets of customers: the first set believes that they were advised to post asking-prices for their houses that were too low compared to other brokers’ listings while the second set believes that they were advised to accept selling-prices for houses that they purchased that were too high relative to the selling-prices for houses brokered by other realtors. Based on the given
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