MBA 510 Individual – Problem Set II

950 words - 4 pages

Chapter 9 Exercise 1212. The American Sugar Producers Association wants to estimate the mean yearly sugar consumption. A sample of 16 people reveals the mean yearly consumption to be 60 pounds with a standard deviation of 20 pounds.A. What is the value of the population mean? What is the best estimate of this value?Answer: The population mean is unknown because the sum of the values is not known. The best estimate is 60 pounds, which is also the sample mean.The population mean is the sum of all the values in the population divided by the number of values in the population.B. Explain why we need to use the t distribution. What assumption do you need to make?Answer: We need to use th ...view middle of the document...

The quality-assurance department found in a sample of 50 customers at the Warren Road MacBurger that the mean waiting time was 2.75 minutes. At the .05 significance level, can we conclude that the mean waiting time is less than 3 minutes?A) State the null hypothesis and the alternate hypothesis.Answer:Hoµ ≥ 3 MinutesH1µ < 3 MinutesB) State the decision rule.Answer: Reject Ho if Z< 1.65C)Answer: Z= X - µ = 1.767 found by: 3.0 - 2.75 = 1.767σ / √n 1 / √50D) Answer: Ho is rejected.E) What is the p-value? Interpret itAnswer: We can conclude that the mean waiting time is less than 3 minutes at the .05 significance level. If H0 is were to be true, there would be no chance in getting a statistic this small.Chapter 12 Exercise 30There are four auto body shops in a community and all claim to promptly serve customers.To check if there is any difference in service, customers are randomly selected from each repair shop and their waiting times in days are recorded. The output from a statistical software package is:SummaryGroupsCountSumAverageVarianceBody Shop A315.45.1333330.323333Body Shop B43281.433333Body Shop C525.25.040.748Body Shop D425.96.4750.595833ANOVASource of VariationSSdfMSFp-valueBetween Groups23.3732137.7910699.6125060.001632Within Groups9.726167120.810514Total33.0993815Question: Is th...

Henry Tam And MGI Team Paper

1643 words - 7 pages Free ... Case IntroductionWithin a short time frame, seven diverse team members have assembled to write a business plan for a new company (MGI) and are struggling to-Define their roles,-Make decisions together, and-Resolve conflict.Henry Tam, a second-year Harvard MBA student, joins the team along with a fellow classmate to enter the school's business plan contest. The founders of the company are two internationally accomplished musicians and a 1987 ...

Use Of Stereotypes And Social Construct In Hamlet - English - Essay

1095 words - 5 pages Free ... Like John-a-dreams, unpregnant of my cause, And can say nothing—no, not for a king, Upon whose property and most dear life A damned defeat was made. Am I a coward? … My dear father’s been murdered, and I’ve been urged to seek revenge by heaven and hell, and yet all I can do is stand around cursing like a whore in the streets. (II, ii, 510) Hamlet knows what he’s been doing has not been to what he believes a man should do. He’s angry due to ...

Compare And Contrast Two Theories Of Motivation. Suggest How A Team Leader Might Use These Theories To Motivate The Team

2206 words - 9 pages ... performance is assessed against it. Rewards, which could be in the form of a bonus or pay rise, are given out accordingly. The main problem with this theory in my opinion is that setting out parameters for performance is quite difficult. In many cases, an individual's performance is dependent on other work colleagues and/or departments, for which the individual would have no direct control. In such circumstances, it becomes quite difficult to ...

Organizational Behavior Terminology And Concepts

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Translation Cost Approach To Networking - LSE - Essay

2836 words - 12 pages ... . Granovetter, M. (1983). The Strength of Weak Ties: A Network Theory Revisited. Sociological Theory, 1, p.201. Granovetter, M. (1985). Economic Action and Social Structure: The Problem of Embeddedness. American Journal of Sociology, 91(3), pp.481-510. Green, J. and Sheshinski, E. (1975). Competitive inefficiencies in the presence of constrained transactions. Journal of Economic Theory, 10(3), pp.343-357. Henning, C., Henningsen, G. and Henningsen, A. (2011 ...

2037 words - 9 pages ... 1.Q:- What is the difference between Motivation & Job Satisfaction?Ans:-MOTIVATION:-It is the process that concerns the factors, but influences the direction, intensity, and persistence of behavior.Expanding effort for an organization's and satisfying individual needs.The three key elements in Motivation are, Intensity, Direction, and Persistence.Intensity is concern with how hard a person tries. This is the element basically focused on how ...

This Essay Is About How Anger Affects Society - English - Essay

5749 words - 23 pages ... following equation: Owner’s equity (beginning) + Additional issue of capital stock – Dividends + Revenues – Expenses = Owner’s equity (ending) I. Owner's equity at end of year (\$745,000 – \$325,000) \$420,000 Owner's equity at beginning of year (\$600,000 – \$360,000) 240,000 Increase in owner's equity \$180,000 Deduct increase due to net income (\$197,750 – \$108,000) 89,750 \$ 90,250 Add dividends 40,000 Additional issue of capital stock (a) \$130,250 II ...

Macroeconomics Country Analysis - RMIT - Problem Set

615 words - 3 pages ... Macroeconomics ECON 1192 - Individual Problem Set 1 Question 1 i. Turkeys GNI per capita ranked at 50th and HDI ranked at 76th out of 198 countries in 2017 (UNDP 2018a). ii. There is a large difference between GNI per capita ranking and the HDI ranking of Turkey. HDI is a composite of three indicators which are GNI per capita to evaluate the economic performance, life expectancy at birth to measure the health and expected years and means ...

The Washington Consensus

1481 words - 6 pages ... "Washington Consensus" and its legacy. In the years following World War II, economists generally agreed on the need to nurture fledgling industries in developing countries, and it was considered a given that a nation's government would play the main role in doing so. Most economists were dubious of market forces and the idea that free trade and reduced government alone would promote growth (Rodrik 2011:163). However, by the nineteen-eighties ...

AZT

1855 words - 8 pages ... Center for Disease Control inthe United States named this new epidemic the acquired immunodeficiency syndromeand defined it by a specific set of symptoms. In 1983, researchers finally identified thevirus that caused AIDS. They named the virus the human immunodeficiency virus, orHIV. AIDS causes the immune system of the infected patient to become much lessefficient until it stops working altogether.The first drug that was approved by the American ...

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486 words - 2 pages ... Part A: (3 slides max, 14pt min font) Specifically, in this assignment you asked to take each step of the human-centric design process and (i) describe the logic and key elements of each step as discussed in class, (ii) provide a specific example of how tools from each step can be applied to a single actual innovation opportunity in your team/business unit/organization and (c) explain how using this process can be more effective in your line of ...

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419 words - 2 pages ... fourth system of the Bronfenbrenner's theory is the macrosystem. This level is the most remote and largest set of things and people in a child's world but it can still have a big impact on the child's development. This level embraces the cultural context of an individual and the socioeconomic status, ethnicity, race and others. ...

Activity Analysis Exploring Occupation - Kings - Activity

1829 words - 8 pages Free ... · Pre-prepared ingredients. · Microwave. · Use a cookie mix. · A mixer · Arrange all ingredients and equipment so they are all close at hand for easy access when required. · A perching stool. II. Environment · Individual task carried out in a quiet kitchen. · Kitchen set at room temperature III. Method · Ingredients could be measured ahead of time to make the activity simple. · Cookies can be baked in the microwave. This would eliminate any ...

Pizza Hut Malaysia E-marketing

6218 words - 25 pages Free ... /pizza-hut-coupons). Also they create a community on the Facebook, so every Pizza Hut fan can join it.Part II. Environmental AnalysisSWOT analysis STRENGTH One of the largest restaurant chain in the world Over 20,000 franchises (48%) around the world [ www.survey.com ] Brand leader in the United Kingdom Innovative range of pizzas under one roof Famous television advertising Attracts people of various ranges from young to old. Good financial situation ...