Category: Business

Dear Dynes,
Kindly find attached.
Please can you put the new answers all with yellow highlight + make sure you follow the word count for the new answer it’s equal with each question + read the feedback.
In the attachment:
– I added the old answer + feedback on the answer you already did before just you fixed it + the questions you must be corrected.
Thank you Dynes for your usual support.

ECON 2110 Statistics 2
Prof. Priya Nagaraj

Answer all questions. Credit will be given to clarity of explanation and use of mathematical formula to explain your answer.
Show your work. You MUST attach an MS Excel file you worked on.

The data for both questions is given in the Excel file provided. The data is in two different sheets. Use that data to answer the following questions. You will need to attach the Excel file and your answer sheet.
1.The Student Government Association at Middle Carolina University wanted to demonstrate the relationship between the number of beers a student drinks and his or her blood alcohol content (BAC). A random sample of 18 students participated in a study in which each participating student was randomly assigned a number of 12-ounce cans of beer to drink. Thirty minutes after they consumed their assigned number of beers, a member of the local sheriff’s office measured their blood alcohol content. The sample information is reported here.
a.Use Excel to draw a scatter plot for the number of beers consumed and BAC. Comment on the relationship. Is the relationship strong or weak? Is it positive or negative?
b.Determine the Correlation Coefficient.
c.At the .01 level significance, is it reasonable to conclude that there is a positive relationship in the population between the number of beers consumed and the BAC?
2.Bloomberg Intelligence listed 50 companies to watch in 2018 (www.bloomberg.com/features/companies-to-watch-2018). Twelve of the companies are listed here with their total assets and 12-month sales. Let sales be the dependent variable and total assets the independent variable.
a.Draw a scatter plot
b.Compute the correlation coefficient
c.Determine the regression equation
d.For a company with $100 billion in assets, predict the 12- month sales.

BUS 407 – Week 6 Discussion – Traditional Training Methods
Part 1
Prepare
Watch the scenario below to prepare for this week’s discussion:
Selecting the Training Method. Download a transcript of the video Download transcript of the video.

Respond
Based on the discussion preparation scenario, assess key roles of the lecture or discussion training method as they apply to today’s virtual era. Provide examples from the scenario and the textbook to support your rationale.
Part 2
Respond to classmate’s post (Monisha Z.)
The lecture/discussion training method plays a crucial role in today’s virtual era, offering several key benefits:
1. Interactive learning: This method encourages active participation, fostering engagement and collaboration among learners, even in virtual settings.
Example from the scenario: Deborah emphasizes the importance of questioning in starting discussions, ensuring trainees understand the information correctly and creating a common understanding.
1. Cost-effective: Lecture/discussion training can be delivered virtually, reducing costs associated with external speakers, travel, and venue rental.
Example from the scenario: Deborah highlights the cost control aspect, as the training will be managed in-house, and her training specialist will act as the trainer.
1. Flexibility: This method can be adapted to various virtual platforms, accommodating different learning styles and preferences.
Example from the textbook: Lecture/discussion training can be delivered through webinars, video conferencing, or online discussion forums, catering to diverse learning needs.
1. Time-efficient: Lecture/discussion training can be condensed into shorter sessions, fitting into busy schedules and meeting tight deadlines.
Example from the scenario: Deborah mentions that the training can be conducted in just three weeks, demonstrating the time-efficiency of this method.
1. Enhanced retention: Interactive discussions and questioning sessions help reinforce learning, leading to better retention and application of knowledge.
Example from the textbook: Research shows that active learning approaches like lecture/discussion training result in higher retention rates and improved knowledge transfer.
In conclusion, the lecture/discussion training method is a versatile and effective approach in today’s virtual era, offering interactive learning, cost-effectiveness, flexibility, time-efficiency, and enhanced retention. These benefits are evident in the scenario and supported by textbook examples, making this method an ideal choice for virtual training programs.

In case students are found engaging in plagiarism more than 30%, they may get zero marks in their assignment or course. Both students will get zero marks (from whom the student has copied and the same student who has submitted the plagiarized assignment)

TOPIC: The role of AI in identifying the risk in financial market
Notes:
1. It should not be less than 500 words.
2. Proper citation and reference (APA style) must be provided.
3. The content should be from your own words.
4. At least 2 feedback need to be given with proper logic.

Introduction: This portfolio work project, a demand management plan, will help you demonstrate competency in forecasting, inventory management, and scheduling.
Scenerio: For this assessment, choose either Option 1 or Option 2. You do not need to do both. You will apply one of these scenarios in the Requirements below. Both options will be graded using the same scoring guide.
OPTION 1
Wild Dog Coffee Company, a locally owned company with a single coffee shop location, serves a wide selection of espresso beverages, small breakfast and lunch menu items, and a limited evening menu. The company is planning to expand the business by adding an additional location. While different menu items may be tested at the new location, their core processes will remain the same. You have been working on a process improvement in preparation for the expansion and are now turning your attention to demand management.
OPTION 2
If you chose Option 2 for Assessment 1, use the same business for this assessment, or select a different business. Note that it is recommended that you use the same business for each assessment in this course, using the following criteria for your selection:
The company fits the assessment requirements and you have access to the information needed to complete the assessment.
The business information is disclosed in the assessment for faculty’s reference.
You can distribute the business data without disclosing confidential information.
Contact faculty with questions.
Your role:
OPTION 1
As an owner of Wild Dog Coffee Company, you and your business partners are planning the opening of a second location. You need to prepare an analysis and recommendations for demand management, including forecasting, inventory, and scheduling, for your current location, so you can refine the model before opening the second location.
OPTION 2
Your boss, a director, has tasked you with a demand management project. She is relying on you to prepare an analysis and recommendations for demand management that can be presented to the executive team of the company. You completed a special project for her a few months ago that went very well, and you are pleased to have received this new assignment.
Requirements: Include the following in your demand management plan:
Assess the impact of advertising on product demand.If using Wild Dog Coffee Company, the following basic assumptions will help you prepare a demand forecast:
The other owners of Wild Dog Coffee Company handle the business’ marketing and sales functions, and they believe that advertising expenditures impact the sale of coffee beverages. They want you to confirm whether or not their advertising dollars are driving sales. Here is what was agreed upon by all the owners:
Wild Dog Coffee Business Information
QuestionsResponses
How many espresso beverages are made each hour?30, on average
How many ounces of espresso beans are used for each beverage?1.5 ounces
How many hours per day is the coffee shop open?6:00 a.m.-8:00 p.m., Sunday-Saturday
How many days each month is the business open?364 days per year. The coffee shop is closed on Christmas day.
You have the following six months of data to work with for pounds of espresso beans (y) used each month and monthly advertising expenditures (x):Espresso Bean Use and Advertising
MonthLbs/Beans (y)Advertising Dollars (x)
1987$1,050
21,412$1,500
31,020$1,000
41,140$1,250
51,322$1,500
61,399$1,500
Interpret the forecasting model for the selected product.Use a simple linear regression model to show your forecast.
If using Wild Dog Coffee Company, forecast the pounds of espresso beans needed for month 7 if the advertising budget for month 7 is $1,350. Interpret the model and respond to the following questions for Wild Dog Coffee Company:How many espresso beverages will the company need to prepare, on average, each day?
How many pounds of espresso beans will the company need, on average, each day?
To what extent do advertising dollars predict the need for espresso beans?
Prepare an inventory management analysis for the selected product.In your analysis, include two different approaches to inventory management. What are the pros and cons of each system you analyzed?If using Wild Dog Coffee Company, the following provides additional information you have gathered from the inventory management analysis:Since Wild Dog Coffee Company is small, the company must manage inventory very carefully. While larger companies can have lots of inventory on the shelf, Wild Dog simply does not have the cash to do that. As such, you have a number of pressures for small inventories. Wild Dog does not have the ability to store a lot of beans, to cover the cost of capital, or to withstand unnecessary expenditures for taxes, insurance, and shrinkage. Shrinkage is important because roasted espresso beans only maintain their optimal freshness for two weeks.
Demand is approaching 1,400 pounds of espresso beans per month.
Only one type of espresso bean is stocked.
Demand is not constant on a daily or weekly basis.
If you run out of espresso beans at any point, you will have to close the business until the next shipment of beans arrives.
Espresso beans are shipped in 25-pound packages. (This is your base inventory week.)
The cost per pound of beans averages $9.00.
Espresso beans are delivered seven (7) days after placing the order and on any day of the week.
Shipping is free on orders over $250. Otherwise, shipping is $19.95 per order, regardless of weight. (This is the only ordering cost you incur.)
Holding costs are 10 percent/year/week.
Standard deviation for daily demand is 1.84 pounds.
Analyze the business’ scheduling management.In your analysis, detail two different staffing scenarios for Wild Dog Coffee Company or your selected business. What are the pros and cons of each staffing scenario?
Use a Word table or Excel spreadsheet to show both staffing scenarios for each day of the week. Include the daily and weekly total staffing costs and number of hours worked for each employee.If using Wild Dog Coffee Company, the following provides additional information you have gathered from the staffing analysis:Shifts have been scheduled according to who wants to work which shift. This has generally worked out well, but you realize you need to tighten up the scheduling process in order to optimize a staffing model. Two employees are required to make a coffee beverage. One employee takes the orders, and a barista makes the coffee drink and hands it to the customer.
Baristas are paid $14/hour, regardless of whether they are full-time or part-time.
Full-time employees (up to 40 hours/week), other than baristas, are paid $12/hour.
Part-time employees (up to 20 hours/week), other than baristas, are paid $9/hour.
All full-time employees receive company benefits that equate to 15 percent of their hourly rate. (This is known as a benefits load.)
All full-time employees are paid at 150 percent of their regular rate for all hours worked over 40 hours per week. Full-time employees can only work a maximum of 50 hours per week. The benefits load is not applied to overtime hours.
All part-time employees are paid at 150 percent of their regular rate for all hours worked over 20 hours per week. Part-time employees can only work a maximum of 26 hours per week.
It costs $500 to hire each additional employee, and it costs $250 to terminate an employee.
Full-time employees are likely to resign if moved to part-time status.
The coffee shop is open 84 hours per week. There are two additional hours allocated each day for one employee to perform opening and closing activities. (That is, one hour is allocated for opening duties and one hour is allocated for closing duties.)
Your current level of staffing for coffee beverages is as follows:Baristas – 1 full-time; 3 part-time.
Non-barista – 1 full-time; 2 part-time.
Recommend an inventory management system and staffing plan for a selected business and product.Detail the results of your analysis for Wild Dog Coffee Company or your selected business’ product to substantiate your recommendations.
Deliverable Format:REQUIREMENTS:
The demand management plan is to be a minimum of 7 pages, not including the title, reference, and appendix pages.
Use a demand management plan template of your choice.
RELATED COMPANY STANDARDS:
The demand management plan is a professional document and should therefore follow the corresponding MBA Academic and Professional Document Guidelines (available in the MBA Program Resources), including single-spaced paragraphs.
In addition to the title and reference pages, include the following in the appendix:Linear regression model for product forecasting.
Word table or Excel spreadsheet for staffing scenarios.
Use 2-3 scholarly or academic sources, where applicable, one of which must come from the Wall Street Journal, Forbes, or MIT Sloan Management Review.
Use APA formatting for citations and references.
Evaluation: By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies through corresponding scoring guide criteria:Competency 1: Analyze how operations management theories and models effect the development and delivery of products or services to the marketplace.Interpret the forecasting model for the selected product.
Competency 2: Use logistics and supply chain management tools to manage the distribution of products and services.Prepare an inventory management analysis for the selected product.
Competency 3: Use data to evaluate the effect of operations management decisions on organizational goals.Assess the impact of advertising on product demand.
Analyze the business’ scheduling management.
Competency 4: Evaluate the effectiveness of operations management strategies to achieve quality and customer service goals.Recommend an inventory management system and staffing plan for a selected business and product.
Competency 5: Communicate business needs, opportweekies, and strategies with multiple stakeholders.Write coherently to support a central idea with correct grammar, usage, and mechanics as expected of a business professional.

Briefly discuss a purchase you made within the last two months and explain whether you applied the limited problem-solving approach or extended problem solving approach in the process of making the decision to purchase and consume the product.

Introduction (150 words)
Harmful Aspects of Tourism to societies (500 words)
Beneficial Aspects of Tourism (500 words)
Strategies for Achieving Sustainable Tourism (800 words)
Theoretical Views (500 words)
– Triple Bottom Line (TBL) Framework
Case Studies and Examples (How other businesses are using it) (Need to be specific company examples) (900 words)
Conclusion (150 words)

Your Discussion Assignment:
Watch the video below. And complete numbers 1, 2 and 3 on time.
Hope you like the video, it’s humorous but educational!
1) List at least two (2) ethical or professional points highlighted in the video.
2) Choose one, and describe a time when you experienced or witnessed it in the workplace or at school.
3) Comment on at least one classmates post: Ask questions..Have you experienced or witnessed anything similar?

Review the article “A Risk Profile of Offshore-Outsourced Development Projects,” by Charalabos L. Iacovou and Robbie Nakasu. The subtitle of this article states “Even the best project management skills will not guarantee success in the complex world of offshore outsourcing.” In a 3 page paper, discuss this statement and respond to the following questions. Do you think that Delphi surveys used by the author were effective? Why or why not? What are the risks associated with offshoring jobs to other countries? What are some of the challenges of working with global virtual teams? How would you mitigate these challenges if you were going to manage similar projects? Identify the risks that offshore software developers faced as they were unable to interface with the end users to understand their true requirements of the application software. How would you correct these issues? What technical risks are eminent examples of offshoring from the UK, Germany, and USA to a less developed country? Why are reduced labor costs of production or development of IT oriented projects sometimes the most important factors used in offshoring, rather than the project success? Were change controls and project requirements effectively communicated? Why or why not?