Management Information Systems: Managing The Digital Firm (16th Edition)
Management Information Systems: Managing The Digital Firm (16th Edition)
16th Edition
ISBN: 9780135191798
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Chapter 12, Problem 8HMP

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Decisions supported by the data

  • Sending of sales pitches helps to increase the potential for maintenance sales.
  • The maintenance sales help dealerships to realize significant profits...

Explanation of Solution

Erroneous data affecting decision making and its business impact

  • Erroneous data causes sales offers to go out at the wrong time.
  • This results in losing sales which causes wastage in marketing dollars...

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using r language
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Compute a Monte Carlo estimate of 0.8 by sampling from Uniform(0,0.8) and estimate the variance of ⑦.
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