One of the major measures of the quality of service

Assignment Help Accounting Basics
Reference no: EM13571319

One of the major measures of the quality of service provided by any organization is the speed with which it responds to customer complaints. A large family held department store selling furniture and flooring had undergone a major expansion in the past several years. In particular, the flooring department had expanded from 2 installation crews to an installation supervisor, measurer, and 15 installation crews. The store had the business objectives of improving its response to complaints. The variable of interest was defined as the number of days between when the complaint was made and when it was resolved. Data were collected from 50 complaints that were made in the last year. It follows:

a. construct a 95% confidence interval estimate for the popultion mean number of days between the receipt of a complaint and the resolution of the complaint.

b. what assumption must you make about the population distribution in order to construct the confidence interval estimate in (a)?

c. do you think that the assumption needed in order to construct the confidence interval estimate in (a) is valid? Explain

d. what effect might your conclusion in (c) have on the validity of the results in (a)?

Reference no: EM13571319

Questions Cloud

Barker company has a single product called a zet the : barker company has a single product called a zet. the company normally produces and sells 85000 zets each year at a
Blowing rock railroad decided to use the high-low method : blowing rock railroad decided to use the high-low method and operating data from the past six months to estimate the
A firms bonds have amaturity of 10 years with a 1000 face : yield to maturity a firms bonds have amaturity of 10 years with a 1000 face value have an 8 semiannual coupon are
Bombadier industries manufactures aircraft-related : bombadier industries manufactures aircraft-related electronic devices. bombadier borrows heavily to finance operations.
One of the major measures of the quality of service : one of the major measures of the quality of service provided by any organization is the speed with which it responds to
Western bank amp trust purchased land and a building for : western bank amp trust purchased land and a building for the lump sum of 3 million dollars. to get the maximum tax
The following file contains the yields for a money market : the following file contains the yields for a money market account a one-year certificate of deposit and a five-year cd
The market anticipates that 1 year from now 1-year : one-year treasury securities yield 5.nbspthe market anticipates that 1 year from now 1-year treasury securities
At the beginning of the period the fabricating department : at the beginning of the period the fabricating department budgeted direct labor of 6500 and equipment depreciation of

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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