...Exploratory Data Analysis Course Project Part A Subject: Applied Managerial Statistics Faculty: Curtis Allen Brown Submitted by: Christian Oji Introduction Exploratory Data Analysis (EDA): Exploratory data analysis is an approach to analyze statistical data using a variety of techniques out of which many are graphical analyses. EDA is used to dissect the data and look for the hidden patterns and correlations. Some of the graphical methods include pie charts, bar graphs, histograms, frequency and relative frequency tables, box plot, scatter graph, stem-leaf diagram etc. There are also quantitative measures of data which include central tendencies like mean and median, measure of dispersion like standard deviation, minimum and maximum...
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...Analyzing Managerial Decisions: Interwest Healthcare Chapter 2 Case Study 1. What are the potential sources of the problem? After reading the case study it seems that one problem between the hospitals and upper management seems to be lack of communication. It seems that Singh and Mrs. Manzoni have not affectively communicated to the hospital administrators what the goals of the company are and what is best for the company. I believe that Mrs. Singh and the hospital administrators value the importance of two different things. Mrs. Singh values the importance of correct data entry into the firm’s management information system. While, the hospital administrators seem to be placing more value on the importance of patient services. In addition, it seems Mrs. Singh does not know what motivates the employees to exert more effort. Economists would view the employees’ actions as the outcomes of maximizing personal utility (Brickley, Smith, & Zimmerman, 2009). During the retreat Mrs. Singh failed to effectively communicate to the administrators the high importance of accurately entering data. She should had stressed how incorrect data could possibly effect the aid that they receive. 2. What information would you want to analyze? I would actually choose to thoroughly analyze the data the management information system is currently asking for. I would also review past reports generated by the system and compare them. It would be highly imperative to insure that...
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...Research or Interview Paper Instructions You can choose 1 of the following two options for your Research or Interview Paper. Your paper will be 7 double-spaced pages for the main content (not including the cover page and reference page). Your choices include: 1. A research paper Steps for writing the research paper: a) Choose a topic in Managerial Economics. b) Submit the topic and the outline of the paper to the instructor anytime for approval. c) A minimum of 3 references besides the textbook are required. Liberty University library has excellent resources for your search for journals. http://www.liberty.edu/index.cfm?PID=178 OR 2. An interview paper Steps for writing the interview paper: a) Choose a topic in Managerial Economics. b) Design at least 5 questions according to the topic. c) Submit your questions to the instructor for approval. d) Contact a local or non-local company for an interview. e) Conduct the interview for answers to your questions. f) The paper must have 3 parts: • The description of the company; • Interview questions and answers; and • Your comments. *The research paper is to be done individually, not as a group. **Do not wait until the last module/week to work on the paper. Do it as early as possible. ***A paper that was written for other classes would not be accepted for...
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...Case Study: Chapter 8 Aaron Lambert Saint Leo MBA 540 Managerial Economics Analyzing Managerial Decisions: Leaving New York for the Farmlands of Illinois While the co-workers may be rightly supportive of the individual’s aspirations, they are likely not qualified to advise him on this matter. The individual claims to have $800,000.00 saved from bonuses at his current place of employment. Based on that information alone, it appears that he is considering walking away from what seems like a fairly secure and profitable situation at his current job and committing to a new and less certain endeavor. With reports implying that demand for corn will soar the farming proposition may seem like a good idea; however, our potential farmer needs to consider other factors. The costs associated with acquiring the land are known and estimated to be $800,000.00, but there are other costs involved that are considerable and quite fixed. He will need to purchase farming equipment and machinery, which will require much more cash upfront in addition to the land. These fixed costs definitely need to be factored into the decision but are omitted in the text. If he has a lot more of that bonus money remaining, he could purchase the machinery outright. If paying cash is not possible he will need to take up a loan, lease, or rent; either option resulting in additional expenses incurred each period. Based on an article published by the University of Illinois in 2014, corn farmers in Illinois...
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...Devry University Professor: - Fritz Attermeier Course: - FI504–Accounting and Finance: Managerial Use & Analysis Project: -Ratio Analysis Group Project by Analysis Report In comparing Hershey’s and Tootsie Rolls Company with respect to Liquidity, Solvency and profitability, we will use data from the financial statements of both the company of the year end December 31st 2008. Among all the three ratios provided in the data sheet i.e. Liquidity, Solvency and Profitability, to invest in a company I will choose to see the profitability ratio of a company. According to 2008 financial statements of both the company and looking at the ratios I will choose Tootsie Rolls Corporation. I will invest in Tootsie Rolls Corporation I would like to answer the question, why did I select Tootsie Rolls Corporation and not Hershey Corporation. As you know and I know Hershey is a big company and over the year this company has proven its investors and creditors that its one of the big companies all over the world. Big don’t means better? Even a medium size company like Tootsie Rolls generate a good amount of money not in million but in thousands. So what it has a good return ratio? Yes. Liquidity Ratio Analysis: - What does Liquidity Ratios mean? A class of financial metrics that is used to determine a company's ability to pay off its short-terms debts obligations. Generally, the higher the value of the ratio, the larger the margin of safety that the company possesses...
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...Managerial Analysis General Electric Company (GE) . Principles of Management (MGT 1120) Name: Caleb M Bruce Date:11/30/2015 Company Background 1. General Electric Company (GE) international headquarters is located in Fairfield, Connecticut 06828 at 3135 Easton Turnpike. Being among the largest multinational corporations, it conducts business internationally in Angola, Australia, Brazil, Canada, China, Indonesia, Korea, and the United States of America as well as in six of the seven continents and in over 170 countries worldwide. 2. General Electric Company offers many products and services. GE provides financing to and for other growing organizations. This organization is key to the infrastructure of the global economy by providing billions of dollars to funding of other organizations. This organization also builds and produces appliances such as clothes washers, and dryers, dish washers, refrigerators and much more on an everyday consumer level to a corporate consumer level. They also are a big influence in lighting from how the electricity is transferred, to the bulb itself. They also produce power systems so large or home facilities can operate. Mainly with electric providing power generator support. Ge makes extensions into their aviation and automotive fields by building engines for the forms of transportation. 3. One of the original founders of GE is Thomas Edison in the year 1890. Entrepreneur Thomas Edison brought multiple of his companies together...
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...MID-TERM EXAM - 1st Semester, 2012 |Date |Time |Course Title & Code |Room No. | |29 June, 2012 |11.00 am ~ 12.30 pm |501: Accounting System & Auditing |502 | |(Friday) | | | | |30 June, 2012 |7.00 pm ~ 8.30 pm |502: Managerial Economics |402 | |(Saturday) | | | | |06 July, 2012 |3.00 pm ~ 4.30 pm |503: Business Communication |502 | |(Friday) | | | | |07 July, 2012 |7.00 pm ~ 8.30 pm |504: Advanced Management |502 | |(Saturday) | | | | |13 July, 2012 |3.00 pm ~ 4.30 pm |503: Business Communication...
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...Target Profit And Break Even Analysis; Case 4-33; Managerial Accounting Case 4-33: Cost Structure; Target Profit and Break Even Analysis Question 1: Compute Pittman Company’s break-even point in sales dollars for next year assuming: a. The agents’ commission remains unchanged at 15% $12,000,000 in sales is needed to break even while employing an outside sales force with commissions of 15% of sales. b. The agents’ commission rate is increased to 20% $13,714,286 in sales is needed to break even while employing an outside sales force with commissions of 20% of sales. c. The company employs its own sales force. $15,000,000 in sales is needed to break even while employing the company's own sales force with commissions of 7.5% of sales. Before Pittman Company’s break-even point in sales can be determined, we must initially “reformat” the provided Budgeted Income Statement for the Year Ended December 31 (for the next year) to reflect a Contribution Income Statement format. The reason for this application is to separate the Variable and Fixed costs associated in selling telecommunications equipment to derive pertinent data needed to determine break even sales. The restructuring of each Income Statement may be found in Appendix A of this report. Reformatting the Income Statement allows us to determine first, the Contribution Margin. The Contribution Margin is significant in determining Break-even point whether by the number of units to break even...
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...tEXECUTIVE SUMMARY The paper identifies different source and causes of different types of conflict in the work place. Analysis of the conflict was done with the aid of Blake and Mouton’s model of conflict management. The paper reflects on a real life observation using brightlands care home. Conflicts observed in the home were analysed and discussed. Manager positions in handling the conflict were also analysed using Blake and Mouton’s conflict management style model. Five conflict management style (competitor, collaborator, compromiser, accommodator and avoider) were used to analysed the conflict were based on the research of Blake and Mouton (1964). Using the conflict scenario, the paper critically discussed various approach towards conflict resolution within and between groups. 1.0 INTRODUCTION Conflict is a normal and natural aspect of life and the working environment hardly do without one form of conflict or the other. Conflict in the workplace is a well known daily phenomenon and it is on the increase. It is worth saying that a conflict free company never existed and will never exist. Tension, cultural differences, aggressions, antagonisms, negative attitude and frustration will usually exists especially wherever men are forced to live and work together. . Burton (1972) said in his book that Conflict, like sex is an essential creative element in human relationships. It is the means to change, the means by which our social values of welfare, security, justice and...
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...Coach Mike Krzyzewski (Coach K.) and Coach Robert Knight (Coach Knight) were two of the most winning and successful coaches to ever coach basketball. These men are not just known for their record wins, but for their unique leadership. They each had a unique way of leading their teams. Coach Knight was Indiana University’s head basketball coach and became a legend there. Coach K. was the head coach at Duke University since 1980. A fact of interest, both of these two men knew each other in an earlier time. Coach Knight had been Mike Krzyzewski’s basketball coach when he played for the United States Military Academy at West Point. It was there they began to build a relationship of trust and respect that would follow and remain with them throughout both of their careers and beyond, as they were also friends. Each of these men have differing ways in which they lead their teams, but there are leadership styles which they shared when it came to coaching. When taking the model which Robert Katz developed we can see there are skills that did account for their success. Coach Knight held two of the leadership traits that were professed by Katz. Those were technical skills and conceptual skills. He had the ability to know exactly was needed and how to make changes based on each individual situation. According to Katz’s model, Coach Knight did not have human skills. He was known for his roughness (e.g; using high levels of profanity and throwing objects onto the court). He did not have human...
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...CANE COSO v. PIT BULL: Let’s Compare Some Traits I have to say, we’re obviously biased here toward cane corsos, but we do love pit bulls nonetheless. So, I wanted to address the subject that seems to come up frequently about “Which is a better guard dog?” My immediate answer, hands-down, ALWAYS is the cane corso. While pit bulls are fierce and highly aggressive toward other dogs, they seldom attack people. They are very sociable, and make good family pets, despite their bad reputation. We have owned several pit bulls, so this is speaking from experience. They are very good hunting dogs…pits LOVE to be worked. And I doubt you’d ever find a better Frisbee chaser than a pit bull. But when it comes to guarding your ASSets, **ahem** I have to go with the cane corso every time. Plus, they’re still under the radar in terms of where you can own one and drive around with one in your vehicle, which is a bonus if you’re into driving around with your dog riding shotgun. Pit bulls are quickly becoming outlawed in many regions, sadly because of false media representations and also because people just don’t seem to want to devote the amount of time required to train such an active-breed dog…I guess it all goes back to the saying that dumb people just shouldn’t own dogs, but it’s still a free country in that respect. Here’s a link to an article that picks apart each breed a little better than I think I could do: http://www.squidoo.com/pittbullsvcanecorso This article, by...
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...Running head: Leadership Styles Leadership Styles Kellie Napper Grand Canyon University LDR 600 Leadership Styles and Development September 18, 2012 Leadership Styles Leaders have many different styles and approaches they take when evolving to becoming a great leader. It takes many years of practice to perfect a craft within certain individuals. Some crafts are more defined than others; never the less these skills are done to win over individuals in work environments and major league football teams. According to Katz (1955) there are three basic administrative needs that should be present for managers to be effective which are conceptual, human, and technical. Coach K’s approach contained both conceptual and human skills. Coach K was able to come up with an approach that was comfortable for both him and the team. He did not want to come with a lot of rules that no one would follow. Growing up Coach K spent a lot of time with his family. As he became an adult his wife and children were very important to him. This is the typed of approach he took with his team. Coach K lacked in my opinion in the technical area. He was not all about a lot of drills and long practices. Coach Knight’s approach contained conceptual and technical skills. Coach Knight had very little room for error. He drilled step by step plays into his players. He believed in practicing long hours and if you could not follow the rules you would be kicked out of practice. Coach Knight taught...
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...Incremental Analysis 1. (Segmented Analysis) Consider the following data regarding two product lines: Clip Art Sales | 75000 | Computer Game Sales | 125000 | Variable COGS: Clip | 20000 | Variable COGS: Computer | 40000 | Other Variable: Clip | 5000 | Other Variable: Computer | 15000 | Traceable Fixed Expenses: Clip | 30000 | Traceable Fixed: Computer | 40000 | Common Fixed Expenses | 10,000 | a) Create a Segmented Income Statement by product line. b) Which product line produces the most net operating income? 2. (Residual Income, Turnover, ROI, margin) A company’s operating statistics are below: Item | Value | Sales | $1,000,000 | Net Operating Income | $220,000 | Average Operating Assets | $500,000 | Minimum Required Rate of Return | 20% | a) What is the division’s margin? Margin = Net Operating Income/Sales [note: net operating income is EBIT] b) What is the turnover? Turnover = Sales/Average Operating Assets c) What is the division’s ROI? (Net Operating Income/Sales) X (Sales/Average Operating Assets) d) What is the division’s residual income? Net Operating Income – (Average Operating Assets X Minimum required Rate of Return) 3. (Incremental Product Analysis) Tjelmeland Corporation is considering dropping product S85U. Data from the company's accounting system appear below: All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation...
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...1. Main roles of manager is leadership, leading your team, figurehead, people look up to you as a person of authority, liaison, you need to be able to network effectively, monitor, you must be able to monitor your team in both productivity and their wellbeing, spokesperson, you must be able to represent your company, Negotiator, negotiator within your team or department, people development, developing structure, procedures and policies. Hazif’s main role is production manager he is a great team leader and makes sure rules and regulations are met, he monitors his team well with weekly meetings to discuss problems. He has good people development skills giving monthly reviews to his employees on performance helping empower his team. He has introduced job rotation to build employees skills & knowledge. He rewards his team and creates a positive work culture. 2. Meeting Deadlines: Hazif rewards his employees to ensure all orders are completed and delivered in time and targets are met letting us know how Hazif is performing and if he is getting all deliveries out in time. Accidents at work: As part of the quality culture all staff know the importance to health and safety, all accidents should be recorded thus letting us know if Hazif is making sure all employees are sticking to the health and safety guidelines and how he is performing as a manager. 3. The functional or group approach. In 1973 john Adair theorised and developed an action-centred leadership model to...
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...Case Study 2 – Internal Control ACCT504: Accounting and Finance: Managerial Use and Analysis If LJB Company is serious about going public then you all need to make sure you are folling the new internal conrol provisions of Sarbanes-Oxley Act that SEC implemented. This says that management needs to report on internal conrol over financial reporting and certifiaction of disclosure in Exchange Act periodic reports. Under the finacl rules, management annual internal control report will have to contain a statement of management’s responsibility for establishing and maintaining adequate internal control over financial reporting for the company; a statement identifying the frameworkd used byt management to evaluate the effectiveness of this internal control; management’s assessment of the effectiveness of this internal control as of the end of the company’s fiscal year; and a statement that its autitor has issued an attestation report on mangement’s assesssment (U.S. Securities and Exchange Commission). Implementing five primary componants of internal control would help meet these requirement; a control enviornment, risk assessment, control activities, information and communication and monitoring (Kimel pg 338). LJB is already doing a good job at having some physical controls in place by making sure the checks are kept in a safe over the weekend which keeps company funds safe and controls theft as well as by pr-numbering invoices so that documentation...
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