These questions are related to my business plan blog which I am making on the restaurant business. so, please answer all the questions according to that scenario.
In: Operations Management
What are your thoughts about embarking on clear digital transformation and achieving greater benefits in the future in Canada? Do you foresee new barriers?
In: Operations Management
what are your thoughts about how and why Training and Development can and should become a strategic business partner in large organizations where it might not have the visibility and influence that it should?
In: Operations Management
Think of two situations from your personal or work activities when you needed to influence someone to do something but you did not possess legitimate power. For each of these situations: Fully describe the situation in detail. Using the theory of the course, describe the source of power that you used to influence the other person. Note: each situation described should use a different source – that is, do not use the same source for both situations. You need to think of two situations and you have to use different sources of power in two different situations.
Using the theory of the course, describe the influencing method that you used. Indicate how the source of power contributed to the ability to influence.
In: Operations Management
Research Scenario A
A psychologist is interested in the relationship between color of food and appetite. To explore this relationship, the researcher bakes small cookies with icing of one of three different colors (green, red, or blue). The researcher offers cookies to subjects while they are performing a boring task. Each subject is run individually under the same conditions, except for the color of the icing on the cookies that are available. Six subjects are randomly assigned to each color. The number of cookies consumed by each subject during the 30-minute session is shown in the following table:
|
Green |
Red |
Blue |
|
3 |
4 |
6 |
|
5 |
2 |
9 |
|
5 |
5 |
4 |
|
6 |
3 |
7 |
|
2 |
4 |
8 |
|
4 |
5 |
7 |
Answer these questions based on the research scenario and the data in this table. Remember to show all of your work. You should also attach a copy of your results from SPSS, R, Excel, Google Spreadsheets, or an online data analysis calculator. I recommend this website http://vassarstats.net/index.html. Please attach a copy of your work. If you do not have access to a scanner, please take a photo of your work and upload it with your exam.
What is the research question? What is the research hypothesis?
What is the independent variable? What is the scale of measurement for the independent variable? How many levels does the independent variable have?
What is the dependent variable? What is the scale of measurement for the dependent variable?
What is the research design? (Be specific.)
Test the null hypothesis at the .05 level of significance that there is a significant difference based on cookie color. (Perform all 7 steps of null hypothesis testing and show your work.)
Write your answers in an ANOVA summary table
In: Statistics and Probability
Research Scenario A
A psychologist is interested in the relationship between color of food and appetite. To explore this relationship, the researcher bakes small cookies with icing of one of three different colors (green, red, or blue). The researcher offers cookies to subjects while they are performing a boring task. Each subject is run individually under the same conditions, except for the color of the icing on the cookies that are available. Six subjects are randomly assigned to each color. The number of cookies consumed by each subject during the 30-minute session is shown in the following table:
|
Green |
Red |
Blue |
|
3 |
4 |
6 |
|
5 |
2 |
9 |
|
5 |
5 |
4 |
|
6 |
3 |
7 |
|
2 |
4 |
8 |
|
4 |
5 |
7 |
Answer these questions based on the research scenario and the data in this table. Remember to show all of your work. You should also attach a copy of your results from SPSS, R, Excel, Google Spreadsheets, or an online data analysis calculator. I recommend this website http://vassarstats.net/index.html. Please attach a copy of your work. If you do not have access to a scanner, please take a photo of your work and upload it with your exam.
What is the research question? What is the research hypothesis?
What is the independent variable? What is the scale of measurement for the independent variable? How many levels does the independent variable have?
What is the dependent variable? What is the scale of measurement for the dependent variable?
What is the research design? (Be specific.)
Test the null hypothesis at the .05 level of significance that there is a significant difference based on cookie color. (Perform all 7 steps of null hypothesis testing and show your work.)
Write your answers in an ANOVA summary table
In: Statistics and Probability
Pick a small company (ice-cream shop, restaurant, bookstore, parking structure or ...) and write a short history about the company, major products, and location. Determine the factors that will influence demand for their products (be specific) Determine the factors that will influence supply of their products (be specific) Pick one of their products andeither calculate or speculate about the price elasticity of demand and the income elasticity of demand for that product. Justify your guess about how elastic the demand is with things you know about the product (for example, the demand for a product is likely to be very price elastic if there are many substitutes). Based on your estimate of price elasticity of demand what would you recommend as far as raising or lowering the price to enhance sales? (TR test). Finally, identify some complements and substitutes for the product. How strong do you think the cross-price elasticities are likely to be? Based on what you have written, if you were selling this product, what measures, prices, or data would you try to keep track of if you wanted to predict how your sales might change over time? Explain the nature of cost, fixed and variable, explicit and implicit and sunk cost for your business. Calculate alternative measures of industry structure, conduct, and performance Classify the type of business as competitive, monopolistic, oligopolistic or monopolistic competition. Explain your answer based on the characteristics of each market. As a manager which decision variables are relevant to make more profits for the firm? Is there any particular pricing strategy being used by this Company? ( Like price discrimination, bundling, coupons.)
In: Economics
-The Law of Large Numbers is a statistical theory that you read about in this chapter. In your own words, what does this law say about the probability of an event? Perhaps you have also heard of something called the Law of Averages (also called the Gambler's Fallacy). Do an Internet search to find out additional information about both of these laws.
-Are these the same laws? If not, how are they related and how are they different?
-What general misconceptions do people have regarding these ideas?
-Consider the following scenarios, commenting on the validity of the reasoning that is being used. After an unusually dry autumn, a radio announcer is heard to say, "Watch out! We'll pay for these sunny days later on this winter." A batter who had failed to get a hit in seven consecutive times at bat then hits a game-winning home run. When talking to reporters afterward, he says he was very confident that last time at bat because he knew he was "due for a hit."
-Commercial airplanes have an excellent safety record. However, in the weeks following a crash, airlines often report a drop in the number if passengers, probably because people are afraid to risk flying. A travel agent suggests that, since the law of averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. In a Monte Carlo casino in 1913, the color black came up a record twenty-six times in succession in roulette. There was a near-panicky rush to bet on red, beginning about the time that black came up the fifteenth time. Why?
-Please share the URLs of any Internet resources that you utilize as you discuss this topic with your peers.
In: Statistics and Probability
The Law of Large Numbers is a statistical theory that you read about in this chapter. In your own words, what does this law say about the probability of an event? Perhaps you have also heard of something called the Law of Averages (also called the Gambler's Fallacy). Do an Internet search to find out additional information about both of these laws.
Are these the same laws? If not, how are they related and how are they different?
What general misconceptions do people have regarding these ideas?
Consider the following scenarios, commenting on the validity of the reasoning that is being used. After an unusually dry autumn, a radio announcer is heard to say, "Watch out! We'll pay for these sunny days later on this winter." A batter who had failed to get a hit in seven consecutive times at bat then hits a game-winning home run. When talking to reporters afterward, he says he was very confident that last time at bat because he knew he was "due for a hit."
Commercial airplanes have an excellent safety record. However, in the weeks following a crash, airlines often report a drop in the number if passengers, probably because people are afraid to risk flying. A travel agent suggests that, since the law of averages makes it highly unlikely to have two plane crashes within a few weeks of each other, flying soon after a crash is the safest time. In a Monte Carlo casino in 1913, the color black came up a record twenty-six times in succession in roulette. There was a near-panicky rush to bet on red, beginning about the time that black came up the fifteenth time. Why?
Please share the URLs of any Internet resources that you utilize as you discuss this topic with your peers.
In: Statistics and Probability
Please answer the following:
1. Should you develop your own personal value proposition? Explain
2. What is an SBU?
3. What does SWOT stand for and how do companies use a SWOT analysis.
4. Explain the BCG matrix
In: Economics