2) Discuss the importance of Operations Research in business management.
Q: Find a. P(A) and P(B) b. P(AUB) c. P(A∩B)
A: It is given that Total = 95 Number of private employees = 83 Number of firms with more than 49…
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A: Option B is correct.
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A: Undercutting competitors, which involves setting prices lower than those of competitors to gain…
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A: there is three points to reduce the effect of p- hacking and dreadging--
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A: Solution Economic model It is difficult to make predictions, especially about the future” – so goes…
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A: Given data: MonthRental ReturnsCar wash costsJanuary240011400February250013300March 280012200April…
Q: Why is it a critical and challenging part of the model-building process to determine the appropriate…
A: Model-building process is a part of Machine Learning.
Q: Identify and explain the significance of the three basic principles of experimental design.
A: The three basic principles of experimental design and their significance are explained as…
Q: A major difference between grounded theory and other research methods is its specific approach to…
A: Grounded theory is a research method that has a specific approach to theoretical development.
Q: In the competition equation of population growth, why do we need to include competition…
A: The most general definition of competition coefficient. is a number giving. the degree to which an…
Q: How can we classify experimental designs? Explain one in each category.
A: Experimental study: In a designed experimental study, researchers allocate individuals to a certain…
Q: Explain how multicollinearity can adversely affect the model building process in regression…
A: Multicollinearity:Multicollinearity is the presence of high correlation among the predictor…
Q: What is meant by strategic mapping, and why is this technique especially useful in healthcare…
A: A strategic mapping is a simple graphic that shows a logical, cause-and-effect connection between…
Q: What are the pros and cons of refining your research question before your literature review compared…
A: Introduction - Systematic literature review - It is type of review that collects multiple research…
Q: Your Question: Digital First Industries (DFI) is a provider of software solutions that help…
A: Given the Monthly App Downloads data set as Month Budget Plus Investor Pro Pay Plan Simple…
Q: integrating
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A: Given : We have given that the data of number of cars in service (1000s) and the annual revenue…
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A: Answer is mentioned below
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A: It is given that a large company is to be managed and there are many competitors in the market. The…
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A: Variable: Variable is a characteristic that varies from one individual member of population to the…
Q: Why does a business cycle diagram serve as a forestcating model
A: The business cycle is known as the economic cycle or the trade cycle, are the fluctuations of gross…
Q: Discuss the data problems that can exist when conducting multiple regress analysis.
A: Answer: Data problems that can exist while conducting multiple regression analysis: Restricted…
Q: Why is strategic competency important?
A:
Q: (a) Explain the following with application by giving the examples in your own words. Write the…
A: 1. The objectives of operational research: The main objectives of operational research is: (1)…
Q: What might the key processes for health care organizations be?
A: The key processes for healthcare organization is to focus on the patients, the health care services…
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A:
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A: Data Reduction and Hypothesis Generation are the more common roles cluster analysis plays in…
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- Which are the ultimate tools that are being brought in business analytics?what is Systematic Problem Solving and why should it be taught to children in maths?Company ABC has the following information. Please calculate the Z-core for 2021 and 2022 and provide a comment on its performance. Variables 2022 2021 X1(net working capital /total asset) 0.56 0.175 X2(retained earnings/total asset) -0.12 0.08 X3(EBIT/total assets) 0.56 0.69 X4(market value of equity/book value of total liability) 1.2 0.96 X5(sales/total asset) 0.78 0.63 Z-score (1.2X1+1.4X2+3.3X3+0.6X4+1X5) 3.852 3.805
- Product Type Projected for Product B Sales 2027 (in millions) Projected for Product A 2027 (in millions) Projected for Product C 2027 (in millions) Projected for Product D Sales 2027 (in millions) Legacy 11.2 0.8 3.5 4.6 Legacy 9.7 7.8 9.5 9.3 Legacy 8.8 11.2 10.4 12.1 Legacy 10.3 7.5 12.4 10.7 Legacy 10.2 14.1 13.2 15 Legacy 7.8 12.6 9.2 11 Legacy 8.4 11.4 10.2 12 Legacy 11.3 12.8 10.2 13 Legacy 10.1 10.3 6.2 9.4 Legacy 8 6.6 9.3 6.3 Legacy 8.5 9.3 8.9 12.3 Legacy 8.2 9.6 9.6 10.2 Legacy 10.8 11.7 8.9 9.6 Legacy 10.8 7.8 10.7 8.7 Legacy 8.2 6 9.7 7.9 Legacy 9.4 9.7 9.3 8.3 Legacy 8.4 9.4 7.7 9.5 Legacy 9.2 9.7 10.1 9.8 Legacy 8.1 6 6 6.5 Legacy 9.1 7.9 8.2 7.5 Legacy 3.4 3 3.2 6.1 Legacy 3.2 7.4 5.5 6.6 Legacy 6.7 7.1 7.3 9.7 Legacy 6.7 7.7 7.9 6.5 Legacy 8.3 5.1 5.7 8.2 Legacy 6.1 7.7 8 6.6 Legacy 11.5 6.2 8.8 6.8 Legacy 6.8 5.3 7.9 5.3 Legacy 8.4 7 7.8 8.5 Legacy 4.3 9.7 6.7 6.9 Legacy 6.4 6.8 6.1 8 Legacy 6.3 6.7 4 3.2…What is business analytics? Briefly describe the domain of the major fields of business analytics databases and data warehousing, descriptive, predictive, and prescriptive analytics.Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center? What is the problem with using only financial measures of performance?
- You are the Brand Manager for Crisco, the leading brand of cooking medium (both cooking oil and shortening). You have been searching for ways to reduce the brand’s reliance on price promotion and you think you have found a winner: NASCAR, the major league stock car auto racing circuit. NASCAR fans are extremely loyal to their sponsors and the sport is not only a major event in your best business areas, but it is the only major league sport that is enjoying strong growth. Your management chain, however, still thinks of NASCAR as “good old boys”—with the emphasis on boys…and your target audience is largely female. After two years, you finally have received agreement to a test of the proportion of women in the NASCAR audience, as represented by media (TV and radio). If you can demonstrate, as NASCAR claims, that the NASCAR audience is no less than 40 per cent female, management will agree to let you sponsor a NASCAR race team next year. If not, you will have to devote the same…interpret Company A and Company B's results below in terms of the factors that impact Cost Volume Profit Analysis (CVP). Why does Company B have the greater degree of operating leverage? As a manager, why is operating leverage an important concept? Company A Company B Sales (10,000 units times $26) $260,000 Sales (10,000 units times $32) $320,000 Less Variable expenses (10,000 units $16) 160,000 Less Variable expenses (10,000 units times $20) 200,000 Contribution margin (a) 100,000 Contribution margin (a) 120,000 Less Fixed expenses 80,000 Less Fixed expenses 100,000 Net operating income (b) 20,000 Net operating income (b) 20,000 Degree of operating leverage (a divided by b) 5.0 Degree of operating leverage (a divided by b) 6.0Using the actual sales (in units) over the past 15 months, a demand planner at a leading e-commerce firm has forecasted the demand for a popular consumer product as shown below. Forecast 1 and Forecast 2 represent the outputs of two comparative forecasting methods currently used by the sales and marketing, and operations departments of the firm. Month October 22 November 22 December 22 January 23 February 23 March 23 April 23 May 23 June 23 July 23 August 23 September 23 October 23 November 23 December 23 Actual sales (units) 120 000 138 000 172 000 120 000 114 000 98 000 118 000 112 000 132 000 138 000 108 000 126 000 144 000 162 000 189 000 QUESTION 24 Determine the mean absolute deviation of Forecast 1. A 234 290 units a 18 721 units c 19 524 units 22 670 units QUESTION 25 Determine the mean absolute deviation of Forecast 2. A 21 638 units a 35 280 units c. 19 330 units 23 600 units Forecast 1 (units) 133 280 130 620 127 300 121 440 120 750 119 000 121 600 124 900 121 500 122400 126…
- Below are a list of equilibrium points for a system whose Jacobian matrix is given by (21-28x– 15y) 42 14 3 (24– 3x- 4y) 20 20 Select all of them that are stable. 318 273 (금이) 3 (0,0) (0,12) 17 17A research is conducted to understand what students consider as the most important issue during their education; (i) getting high grades, (ii) having a balanced social life or (iii) being popular in the university. For this purpose, a survey is conducted among a group of students from departments of Public Finance, Economics and Psychology. The survey results are summarized as follows; Departments 4, Issues → (i) (ii) (ii) Total Public Finance 26 46 Economics 62 20 36 66 Psychology 30 34 Total 24 (a) balanced social life is the most important issuse. (b) and belives that the balanced social life is the most important issuse. (c) or belives that getting a high grade is the most important issuse. (d) given that he/she belives getting a high grade is the most important issuse. By filling the table, find the probability that a randomly selected student thinks that Find the probability that a randomly selected student is not from Economics department Find the probability that a randomly…Quantitative research: A. Emphasizes how a participant in a given setting constructs the world around the participant B. Involves data that are contained in context C. Involves data that have the potential for revealing complexities D. Emphasizes the answer to a specific research quota
