How could these data be used to impact

Assignment Help Operation Management
Reference no: EM13881348

Discussion 1-

This week's discussion surrounds an example of how one industry used statistics to make important analytics decisions about how it best served its customers:

In the 1960s, data were collected on the weights of people to determine the safe passenger capacity of aircraft. Using a random sample the mean weight was found to be 166.3 lbs.

In recent decades, the mean weight of the population has increased considerably, so we need to update our estimate of that mean.

Recently, a simple random sample of the weights of n = 40 people was collected and found to have a mean of = 172.55 lb.

How could these data be used to impact airline passengers' experiences? Consider areas such as ticket purchasing, cost, safety, customer service, or any other area that may come to mind.

Comment on your classmates posts by discussing the similarities and differences among your postings.

Discussion #2

A controversial issue in the news around the US and the world is the technique of hydraulic fracturing for oil and gas, or "fracking". Fracking involves injecting water, sand, and chemicals deep under ground at high pressures to explode, or fracture, shale layers, thereby releasing and forcing natural gas/oil deposits up the drilled well back to the surface.

Proponents claim that fracking has been done safely in some form for about 60 years, supplies us with much needed energy, reduces our dependence on foreign energy sources, provides much needed jobs and economic benefits to local and regional economies, and has not been proven unsafe by any government agency.

Opponents claim that fracking fluid contains toxics such as benzene and arsenic which can be released during fracking and related activities, polluting the air, water, and soil, negatively impacting the health of those close to well sites, and lowering property values. Fracking also releases large amounts of climate changing methane, far more potent than CO2. They further claim that the oil and gas industry uses its wealth and political connections to stifle debate, research, protective legislation, and our green energy future.

What do you think? Please research fracking, arrive at an informed, researched opinion, and make substantive posts in the discussion area, citing your sources.

Reference no: EM13881348

Questions Cloud

Can you identify the endogenous variables in preceding model : Can you identify the endogenous and exogenous variables in the pre- ceding model?
Did the company generate more revenue from selling goods : Did the company generate more revenue from selling goods or providing services to customers. If the company paid $ 20,000 for advertising during the current year, what amount is owed at the end of the year? In what account would the amount still owin..
Microsoft reports its fourth quarter result : The charge will be $1.05 billion to $1.15 billion for the quarter ended June 30. Microsoft reports its fourth quarter results July 19.
The government should never use fiscal policy : The government should never use fiscal policy to combat business cycle fluctuations coming from changes in autonomous investment if it also wishes to keep longer term movements in the price level to a minimum. Is this claim true, false or uncertain?
How could these data be used to impact : How could these data be used to impact airline passengers' experiences? Consider areas such as ticket purchasing, cost, safety, customer service, or any other area that may come to mind
Heat boiler contributes to the plant profitability : At what rate (k mol/s) must fuel gas be burned to produce 1250 kg steam per hour (an amount required elsewhere in the plant) in the waste heat boiler? What is the volumetric flow rate (m3/s) of the gas leaving the boiler? Briefly explain how the w..
Which are the endogenous variables in the model : To study the relationship between in?ation and yield on common stock, Bruno Oudet‡ used the following model: Rbt = α1 + α2 Rst + α3 Rbt-1 + α4 Lt + α5 Yt + α6 NIS t + α7 It + u1t Rst = β1 + β2 Rbt + β3 Rbt-1 + β4 Lt + β5 Yt + β6 NIS t + β7 Et + ..
Mark each item in the following list with a letter : The Coca-Cola Company is one of the world's leading manufacturers, marketers, and distributors of nonalcoholic beverage concentrates and syrups, producing more than 500 beverage brands. Mark each item in the following list with a letter to indicate w..
Make a project on developing an online gift store : Make a project on developing an online gift store for gift item selling by using PHP({[P]ersonaL [H]ome [P]age} Hypertext Preprocessor). The system should be  an online application that can be accessed through the web.

Reviews

Write a Review

Operation Management Questions & Answers

  Find the optimal order quantity and the reorder point

A manufacturer uses a purchase part whose demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t.

  Identify the activities to be included in a critical path

Your company is in charge of constructing a mini-mart similar to 7/11, Circle K, or White Hen. You are required to create a critical path schedule for the mini-mart project. In your critical path schedule, you should. Identify the activities to be in..

  What the most important customer segments

The first circle represents the team’s consensus of what the most important customer segments need or want from the product or service. The second circle represents the team’s view of how customers perceive the company’s offerings. The third circle r..

  Compare and analyze the ways value can be added

Inputs are directly related to the ability to complete operational activities. Compare and analyze the ways value can be added to the inputs of your organization.

  Create 90 percent of the mean confidence interval

You work for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115.

  How similar was decision-making process

Identify a time in your life when you had to make a personal or professional decision such as buying a home, changing jobs, enrolling in school, or relocating to another state or region.

  Prepare a descriptive matrix describing the major competitor

Prepare a descriptive matrix describing the major competitors to the product/service you have presented. Consider direct, indirect, substitutes, and future competitors. What are their strengths and weaknesses. For example

  Differences between face-to-face and virtual presentations

Understanding the differences between virtual and face-to-face presentations is certainly becoming more important as business needs grow. Assess and explain the principal differences between face-to-face and virtual presentations.

  Explaining a new business to investors

Explaining a New Business to Investors

  What is the probability that there will be 3 or more persons

What is the probability that there will be 3 or more persons waiting in the system? Use QM for windows to answer this question.

  Umicore claims to use sustainable business practices

Does the company mention all three components of the triple bottom line? Are any operations functions specifically used as part of its sustainability strategy?

  Use american football as a metaphor

Use american football as a metaphor to explain the way U.S. corporation run and how they tend to behave in terms of strategies and goals.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd