Business Analytics
3rd Edition
ISBN: 9781337406420
Author: Camm, Jeffrey D.
Publisher: Cengage Learning,
expand_more
expand_more
format_list_bulleted
Question
error_outline
This textbook solution is under construction.
Students have asked these similar questions
Ohio Logistics manages the logistical activities for firms by matching companies thatneed products shipped with carriers that can provide the best rates and best service for thecompanies. Ohio Logistics is very concerned that it uses carriers that get their customers’material delivered on time, so it carefully monitors its carriers’ on-time percentage of deliveries.The following table contains a list of the carriers used by Ohio Logistics and thecorresponding on-time percentages for the current and previous year.CarrierPrevious Year On-TimePercentage (%)Current Year On-TimePercentage (%)Blue Box Shipping 88.4 94.8Cheetah LLC 89.3 91.8Granite State Carriers 81.8 87.6Honsin Limited 74.2 80.1Jones Brothers 68.9 82.8Minuteman Company 91.0 84.2Rapid Response 78.8 70.9Smith Logistics 84.3 88.7Super Freight 92.1 86.8
Sort the carriers in descending order by their current year’s on-time percentage. Whichcarrier is providing the best service in the current year? Which carrier is providing…
A management consulting firm has four types of professionals on its staff: Managing consultants, senior associates, field staff and office staff. Average rates charged to consulting clients for work of each of these professionals categories are k3150/hour, k1680/hour, k1260/hour and k630/hour, respectively. Office records indicate the following number of hours billed last year in each category: 8,000, 14,000, 24,000 and 35,000, respectively. If the firm is trying to come up with an average billing rate for estimating client charges for next year, what would you suggest they do and what do you think is the appropriate rate?
The file MidCity Download MidCitycontains data on 128 recent sales in Mid City. For each sale, the file shows the neighborhood (1, 2, or 3) in which the house is located, the number of offers made on the house, the square footage, whether the house is made primarily of brick, the number of bathrooms, the number of bedrooms, and the selling price. Neighborhoods 1 and 2 are more traditional neighborhoods, whereas neighborhood 3 is a newer, more prestigious neighborhood.
Home
Nbhd
Offers
Sq Ft
Brick
Bedrooms
Bathrooms
Price
1
2
2
1790
No
2
2
228600
2
2
3
2030
No
4
2
228400
3
2
1
1740
No
3
2
229600
4
2
3
1980
No
3
2
189400
5
2
3
2130
No
3
3
239600
6
1
2
1780
No
3
2
229200
7
3
3
1830
Yes
3
3
303200
8
3
2
2160
No
4
2
301400
9
2
3
2110
No
4
2
238400
10
2
3
1730
No
3
3
208000
11
2
3
2030
Yes
3
2
265000
12
2
2
1870
Yes
2
2
246000
13
1
4
1910
No
3
2
205200
14
1
5
2150
Yes
3
3
252600
15
3
4
2590
No
4
3
353600
16
3
1
1780
No
4
2
291600
17
2
4
2190
Yes
3
3…
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.Similar questions
- The file MidCity Download MidCitycontains data on 128 recent sales in Mid City. For each sale, the file shows the neighborhood (1, 2, or 3) in which the house is located, the number of offers made on the house, the square footage, whether the house is made primarily of brick, the number of bathrooms, the number of bedrooms, and the selling price. Neighborhoods 1 and 2 are more traditional neighborhoods, whereas neighborhood 3 is a newer, more prestigious neighborhood. PROBLEM 1: Construct 3 different confidence intervals. Part A) Sort and filter the data from the MidCity file so that you only consider the data from neighborhood 1. Construct a 99% confidence interval for the square footage of all homes in neighborhood 1. Make sure you list the specific equations you are using, ALL variables, show ALL work etc., in your report. You can use Excel to complete all computations. Remember to interpret these confidence intervals in the context of this problem. Use one Excel spreadsheet…arrow_forwardSlamet is a young entrepreneur who started his business by opening 5 “Bebek Mas Slamet” restaurants in different locations, namely in Blok S, Blok M, Blok A, Senayan, and Depok areas. Because it is still in its infancy, Slamet still frequently observes data on the number of sales portions of Fried Duck which is the mainstay of the restaurant "Bebek Mas Slamet". The following data shows the total sales of Bebek Goreng for the last two days for the time of day, afternoon, and evening that Slamet is observing from the four restaurant locations Penjualan Siang Sore Malam Blok S 40 41 30 32 43 43 Blok M 36 40 35 33 45 46 Blok A 40 45 39 48 46 50 Senayan 34 37 36 35 45 44 Depok 36 40 37 34 47 48 Help Slamet to analyze the data on the sales of fried duck over the past two days by answering some of the questions in this question. Some of the results of the calculation of the sum of squares…arrow_forwardIn Delphi, there are three processing plants. The pay information for the representatives of these production lines is as per the following: No.of Employees Average income Total income Factory A 100 $8000 $800000 Factory B 80 $5000 $400000 Factory C 20 $20000 $400000 What is the normal pay of the assembly line laborers of Delphi?arrow_forward
- Dave Fletcher, the general manager of North Carolina Engineering Corporation (NCEC), thinks that his firm’s engineer-ing services contracted to highway construction firms are directly related to the volume of highway construction business contractedwith companies in his geographic area. He wonders if this is reallyso, and if it is, can this information help him plan his operationsbetter by forecasting the quantity of his engineering servicesrequired by construction firms in each quarter of the year? Thefollowing table presents the sales of his services and total amountsof contracts for highway construction over the past eight quarters: a) Using this data, develop a regression equation for predictingthe level of demand of NCEC’s services. b) Determine the coefficient of correlation and the standard errorof the estimate.arrow_forwardAs you read about each study, (a) classify the type of research that it reflects, and (b) identify the kinds of conclusions that might reasonably be drawn from the results. The director of computer technology in Emerson School District wants to gather information about the use of technology-based instruction in language arts and literature classes in the district's middle schools and high schools. For her study, the director identifies five of the top teachers in these content areas. She visits and observes each teacher's classes on three different days and subsequently interviews each teacher. Then she summarizes the ways that these teachers incorporate the use of technology into their lessons and their students' activities. The director also summarizes teachers' beliefs about the roles of technology in students' learning and motivation. (a) Classify the research as one of the following: Quantitative/descriptive Quantitative/correlational…arrow_forwardRazor LLC has a data warehouse that is used by several analytics groups. The data warehouse consists of a number of distinct components, including a cloud server (99.999% availability), a database management system server (99.4%), an analytics logic server (94.7%), and, of course, the network infrastructure to the cloud server, which has an availability of 99.9%. What is the overall availability of the system, expressed as a percentage with three digits of precision? For example, enter 91.223, but do not enter a percent symbol, i.e., do not enter 91.223%arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw Hill
Glencoe Algebra 1, Student Edition, 9780079039897...
Algebra
ISBN:9780079039897
Author:Carter
Publisher:McGraw Hill
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY
Optimization Problems in Calculus; Author: Professor Dave Explains;https://www.youtube.com/watch?v=q1U6AmIa_uQ;License: Standard YouTube License, CC-BY
Introduction to Optimization; Author: Math with Dr. Claire;https://www.youtube.com/watch?v=YLzgYm2tN8E;License: Standard YouTube License, CC-BY