Average Average Teacher Salaries ($) $34,300 Average Teacher School SOL Score Tenure (yr) 1 81 9.3 2 78 28,700 10.1 3 76 26,500 7.6 4 77 36,200 8.2 5 84 35,900 8.8 6 86 32,500 12.7 7 79 31,800 8.4 8 91 38,200 11.5 68 27,100 8.3 10 73 31,500 7.3 11 90 37,600 12.3 12 85 40,400 14.2
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
The State of Virginia has instituted a series of Standards ofLearning (SOL) tests in math, history, English, and sciencethat all high school students must pass with a grade of 70 be-fore that are allowed to graduate and receive their diploma.The school superintendent of Montgomery County believesthe tests are unfair because they are closely related to teachersalaries and teacher school tenure (i.e., the years a teacher hasbeen at a school). The superintendent has sampled 12 othercounty school systems in the state and accumulated thefollowing data for average teacher salaries and averageteacher tenure.a. Using Excel, develop the multiple regression equationfor these data.b. What is the coefficient of determination for thisregression equation? Do you think the superintendentis correct in his beliefs?c. Montgomery County has an average SOL score of 74with an average teacher’s salary of $27,500 and anaverage teacher tenure of 7.8 years. The superintendenthas proposed to the school board a salary increasethat would raise the average salary to $30,000 and abenefits program with a goal of increasing the averagetenure to nine years. He has suggested that if the boardpasses his proposals the average SOL score willincrease to 80. Is he correct according to the forecastingmodel?
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
