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Managerial Statistics

Quantitative reasoning for business

I needed some help or ideas for these questions: 1. Provide an example of each type of central tendency measurements: mean, median, and mode. 2. Calculate the Standard Deviation of the following numbers: 1, 3, 4, 6, 9, 19. 3. Go to the following website and complete the quiz on central tendency measurements, and then

1. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent optimizing behavior or satisfying on the part of Ford? If you were Lee Iacocca, would you have decided differently? How? During the decision making process, I find that Ford failed to consider what is in the best interest for the consumers, the organization wanted to create a quick fix solution thus alleviating responsibility to a nationwide safety concerns. When making decisions the organization is suppose to compare and contrast the pros and cons of every intricate detail within the manufacturing process. Instead of conducting primary and secondary research, the organization decided to take a shortcut in producing a product that compromised the safety of others and generated unnecessary legal ramifications that could have otherwise been prevented. The organization was more focused on manufacturing a compact vehicle for convenience in which case the product turned out to be a convenient death hazard. It is my belief that due to the organization reducing the time span of product concept and development, the company was at a disadvantage for the reason that the organization could not properly assess whether or not every need was being facilitated within the vehicle which opened the door to shoddy product distribution and decreased customer service satisfaction, with the increased number of casualties as a result. Lee Iaccoca's decision to speed up the process was definitely optimizing behavior, Lee felt as if speeding up the process would enable the organization to quickly launch the product in order to boost productivity and profitability. On the surface, this decision did not pose a threat within the organizations competitive analysis, however, speeding up the process of making a vehicle for consumers will only increase the probability of fatalities. Although, Lee knew that something needed to change within Ford's product infrastructure, I find that the organization would have had a better advantage if the organization did not conduct the tooling procedure simultaneously with the product development. I would have waited until the product development, research analysis and beta testing were completed first before tooling. Another mistake the organization made was not taking the crash test seriously, when they discovered that Pinto was failing the crash test, the organization should have continued developing the product in order to increase safety measures and reduce safety hazards. The organization needed to take time to further develop the product to ensure all potential glitches were examined and eliminated before launching the product to the public. It is better to ensure all safety procedures, regulation, and precautions are taken into consideration before actually launching the product.

1. How did the decision making process help to create the problems for the Ford Pinto? Do these decisions represent optimizing behavior or satisfying on the part of Ford? If you were Lee Iacocca, would you have decided differently? How? During the decision making process, I find that Ford failed to consider what is in the be

Budgeting, Variance Analysis, and Pricing

** Please see the attached files for the complete problem description ** I attached a PDF of the instructor notes for this lesson. And word document with the assignment. Course material: Financial Management: Concepts and Applications for Health Care Organizations 4th Ed. Bruce R. Neumann, PH.D, Jan P.Clement,PH.D., Jean C.Coop

Analyze Sekaran Process Opinions

Need to analyze the attached article and give an opinion on the research provided by the author. Corporate restructuring and gender promotion in management (Dencker, 2008). response is 538 words

Business Decision Making

Research hypothesis testing and discuss about hypothesis testing and its purpose. Use your research findings to define and to formulate a null hypothesis and the corresponding alternative hypothesis that could be tested. Describe one-tailed and two-tailed hypothesis testing along with some examples. Provide some resea

Corporate Impact or Outcomes if Proposed Strategy Fail

5. Corporate Impact or Outcomes if Proposed Strategy Fail: How will the company be impacted if your proposed strategy isnâ??t successful? What and how will internal functional areas/resources will be impacted? Discuss the quantitative and qualitative impact of the failed strategies. 926 words and 5 references Cost Lead

Expected value of a loss - probability - statistics

Suppose the losses due to exchange rate fluctuation to XYZ Inc have the following distribution $2,000,000 with probability of 0.05 $1,000,000 with probability of 0.08 Loss = $ 800,000 with probability of 0.15 $ 20,000 with probability of 0.12 $ 0 with probability of 0.60 What is the expected value of l

I noticed that men tend to be more aggressive and "pushy" to some degree whereas women are not as aggressive or assertive (some women, not all). Men are goal oriented and for that reason they tend to view each person as a potential customer with a "not taking a no for an answer" approach. Women take on a gentler approach in which case they don't want to appear too controlling and consider a "no" to be a possible "maybe." Men can handle rejection well and are not deterred by one "no" from a potential client, women on the other hand are a little more sensitive and do not handle rejection well, they tend to take it personal when a client rejects them. (The aforementioned statement is primarily from my own personal experienced and not based on fact just based on the people I have come into contact with during the negotiation process). Statistics show that "In the U.S. women compose half the professional managerial workforce. Half the students who earned college degrees last year were composed of women. Of those who have a personal net worth of more than $500,000, more than half are women. American women collectively earn more than $1 trillion a year. More than 7.7 million women-owned businesses in the U.S. generate $1.4 trillion a year. Women comprise 35 percent of the country's 51 million shareholders." (Booher, 2000).

I noticed that men tend to be more aggressive and "pushy" to some degree whereas women are not as aggressive or assertive (some women, not all). Men are goal oriented and for that reason they tend to view each person as a potential customer with a "not taking a no for an answer" approach. Women take on a gentler approach in whi

Safe Club Scenario Evaluation

-Main theme/purpose - The main theme is to evaluate a sports safety focused risk management training program. Additional theme/purpose possibilities: To evaluate the best practices of sports injury prevention methods. To identify risk management processes in soccer clubs. The purpose of this article is to introduce an alte

Critical Analysis of a Scholarly Article: Closing the Accounting Talent Gap

Critical Analysis of a Scholarly Article Scholarly writers are aware of their audience and base their writing on solid evidence rather than on assumptions and/or opinions. In addition, scholarly writers must also utilize a scholarly voice. This assignment will give you practice in scholarly writing and using a scholarly voic

Past, Present and Future Paper, Personal and Professional Growth

Individual Assignment: Past, Present, and Future Paper This is a three-part paper in which you reflect on your personal and professional growth during your program of study at University. Part One - on where you were in your personal and professional life when you started the Reflect University. o How did you fe

How Confident are you to win your fantasy League

See attached file. Write a synopsis of the critical information found in the article while generating 3 questions about the article. The synopsis should at least include details regarding the: - Main theme/purpose - Research questions/Hypotheses - Background literature to support research - Methodology - Res

Analaysis on Drug Testing

Locate and read a human services research article from a scholarly journal in the University Library that includes a statistical analysis.( I have included this article below) The article must be 10 to 30 pages long and be on a topic that interests you. Here is a recommended search strategy: Assess in 100 to 150 words the

Descriptive and Inferential Statistics: Consulting Firms

See attached files. 1. Differentiating Descriptive and Inferential Statistics Resource: Iwamoto.Crews.Coe Virtual Organization portal Access the ICC.zip file and select the Iwamoto.Crews.Coe consulting firm. Various companies have hired the firm to handle matters of organizational development, professional growth, and

Project Management Exercise 2 & 3: Estimating project times and costs

See attached file. #2. (See attached for Exercise 5.2 WBS figure) Below is a project WBS with cost apportioned by percents. If the total project cost is estimated to be $600,000, what are the estimated costs for the following deliverables? a. Design b. Programming c. In-house testing What weaknesses are

Frequency distribution

What is the purpose of developing a frequency distribution? What is the relationship between the relative frequency and the cumulative frequency?

Applied Managerial Marketing: Global Gadgets Imports (GGI)

Scenario: Global Gadgets Imports (GGI) began operations in 1992 as an importer of home decor and gift items. Initially, GGI imported from various Asian manufacturers and sold its inventory through a network of distributors and other intermediaries who supplied to the retail and mail order catalog market. In 1995, GGI ope

Decision-Making and Object of the Theory of Constraints

1) What makes a cost relevant for decision-making? Why are fixed costs not relevant for most short-term decisions? 2) The objective of the theory of constraints is to maximize throughput contribution while minimizing investments and operating costs. The theory of constraints assumes a short-run time horizon. How is this acco

Organizational Behavior and the Decision Making Process

Decision making is a form of deductive reasoning; it is a strategic study that identifies alternatives that would be feasible for many organizations to proceed with general business practices. The main objective of a decision maker is to identify the factors that have the highest probability of effectiveness. In this document,

Planning function for competitve advantage; functional level strategic planning

The managerial function of planning helps an organization's competitive advantage by (1) identifying opportunities, (2) anticipating problems and (3) developing strategies to take advantage of the opportunities and challenges it encounters. Identify an organization and provide an example of strategic planning and one example

Organizational behavior and the approach to the decision making process.

Decision making is a form of deductive reasoning; it is a strategic study that identifies alternatives that would be feasible for many organizations to proceed with general business practices. The main objective of a decision maker is to identify the factors that have the highest probability of effectiveness. In this document,

Organizational Learning and Decision-Making: Interviewing

Organizational Learning and Decision-Making - Resources: Rules of the Road for Interviewing - Research an organization or subset of an organization (i.e. department or division) (Credit Suisse Group www.credit-suisse.com ) and analyze their processes of decision-making and learning initiatives. - Use Rules of the Road

Week assignment

You have to answer the three questions in the bottom of the case study.