Describe TWO traditional grading practices that are now considered ineffective, inaccurate, or inequitable.
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Describe TWO traditional grading practices that are now considered ineffective, inaccurate, or inequitable.
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- Is sensitivity analysis a concept applied to LP only, or should it also be used when analyzing other techniques? Provide a specific non-monetary example and explain.Explain the use of descriptive statistics in measuring quality characteristicsHow were food producers impacted by the U.S. government’s requirement to identify the trans fat content on product labels?
- The purpose of the balanced scorecard is best described as helping an organization: translate an organization’s mission and strategy into a set of performance measures that help to implement the strategy introduce innovative products and services desired by target customers mobilize employee skills for continuous improvements in processing capabilities, quality and response times develop customer relationsDescribe alternative ways of communicating the balanced scorecard to the organizationWhich of the following set of measures are appropriate in monitoring 'customer retention'? Select one: a.Customer satisfaction rating, number of repeat purchases, customer acquisition costs b.Customer satisfaction rating, sales growth from customers using loyalty cards, customer profitability per quarter c.Proportion of sales from existing customers, market share, profit attributable to customers in the 21-30 age group d.Proportion of sales from existing customers, number of repeat purchases, sales growth from customers using loyalty cards Clear my choice
- Tucson Machinery, Inc., manufactures numerically controlled machines, which sell for an average price of $14.0 million each. Sales for these NCMs for the past two years were as follows: Use Exhibit 3.10. QUARTER LAST YEAR I II III IV QUANTITY (UNITS) Y = 14 20 28 18 QUARTER THIS YEAR I II III IV QUANTITY (UNITS) 20 26 30 15 a. Find the equation of a simple linear regression line using Excel. (Round your answers to 3 decimal places.) > Answer is complete but not entirely correct. 18.535 X + 0.630 tA Lighting company seeks to study the percentage of the defective glass shells being manufactured. Theoretically, the percentage of defectives is dependent on temperature, humidity, and the level of artisan expertise. Complete historical data are available for the following variables on a daily basis for a year.a. Temperature (high, normal, low)b. Humidity (high, normal, low)c. Artisan expertise (expert, average, mediocre)Some experts feel that defectives also depend on productive supervisors. However, data on supervisors in charge are available for only 242 of the 365 days. How should you conduct this study?Daily high temperatures in St. Louis for the last week were as follows: 92, 94, 95, 92, 95, 86, 95 (yesterday). degrees (round your response to one decimal a) The high temperature for today using a 3-day moving average = [ place). b) The high temperature for today using a 2-day moving average = place). degrees (round your response to one decimal c) The mean absolute deviation based on a 2-day moving average = degrees (round your response to one decimal place). d) The mean squared error for the 2-day moving average = degrees2 (round your response to one decimal place). e) The mean absolute percent error (MAPE) for the 2-day moving average=% (round your response to one decimal place). iev S
