An appliance store manager noted that weekly sales varied directly with the amount of money spent on advertisting. If last week's sales were $10,000 and $2,000 was spent on adverstising, what should sales be during a week that $1,200 was spent on advertising?
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An appliance store manager noted that weekly sales varied directly with the amount of money spent on advertisting. If last week's sales were $10,000 and $2,000 was spent on adverstising, what should sales be during a week that $1,200 was spent on advertising?
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- Willow is habitually late in joining Zoom meetings for her job. Her boss and colleagues are distracted when she joins late and end up repeating information provided earlier in the meeting. Willow’s boss decides to establish a program where everyone who signs in on time for the Zoom meeting will be entered into a drawing for a $20 Starbucks gift card. A name is drawn at the end of the month (i.e., after two meetings). Willow starts joining the Zoom meetings on time. Which type of differential reinforcement is being used? Explain how you know it is the type of DR you identified:You are approached by the marketing director of a local company, who believes that he has devised a foolproof way to measure customer satisfaction. He explains his scheme as follows: “It’s so simple that I can’t believe that no one has thought of it before. I just keep track of the number of customer complaints for each product. I read in a data mining book that counts are ratio attributes, and so, my measure of product satisfaction must be a ratio attribute. But when I rated the products based on my new customer satisfaction measure and showed them to my boss, he told me that I had overlooked the obvious, and that my measure was worthless. I think that he was just mad because our bestselling product had the worst satisfaction since it had the most complaints. Could you help me set him straight?” Who is right, the marketing director or his boss? If you answered, his boss, what would you do to fix the measure of satisfaction? What can you say about the attribute type of the original…As a Sales Head for a consumer durable firm, you wish to have sales forecast trends based on past sales rendered. Briefly describe the methods of forecasting future demand on the basis of past sales.
