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Question: In 2008, it appeared that rising gas prices had made Californians less resistant to offshore drilling. A Field Poll survey showed that a higher proportion of Californians supported the idea of drilling for oil or natural gas along the state's coast than in 2005 (The Wall Street Journal, July 17, 2008). Assume that random drilling for oil only succeeds 5% of the time. An oil company has just announced that it has discovered new technology for detecting oil. The technology is 80% reliable. That is, if there is oil, the technology will signal "oil" 80% of the time. Let there also be a 1% chance that the technology erroneously detects oil, when in fact no oil exists. In a report, use the sample information to:
1. Prepare a probability table.
2. Solve for the probability that, on a recent expedition, oil actually existed but the technology detected "no oil" in the area.
Provide a brief overview of the quality improvement process. Be sure to give examples and to specifically discuss what quality improvement teams are.
Space Age Furniture Company
Plan a sales presentation. With a classmate roleplaying a potential buyer, make the presentation in class. Ask the other students to critique your technique.
The Energetic Company needs to make plans for the energy systems for a new building. The energy needs in the building fall into three categories: (1) electricity, (2) heating water, and (3) heating space in the building.
Identify principles and trends in the performance measurements and controls in the company and compare with the wider industry.
What are the benefits of concentrated marketing? Concentrated marketing can allow a firm to focus on a single market segment, which is especially appealing.
You were all tasked with researching the impact of introducing a performance management initiative on the motivation of staff in your location.
With another student, form an interviewer- interviewee team. Take turns posing as job applicants for a selected type of job vacancy. Critique each other's performance, using the interviewing principles outlined.
Using the stages from the performance management process
Just as a building needs a foundation, so too does an organization. In this fast-paced world of business, the organization's success or failure hinges upon how both leadership and management work together. The concepts of leadership and management..
Clay runs a small hot dog stand in downtown Chapel Hill. Clay can serve about 30 customers an hour. During lunchtime, customers randomly arrive at the rate of 20 per hour. a. What percentage of the time is Clay busy?
The technical knowledge - depth and breadth - needed by a project manager, especially in relationship to coaching. Does the project manager need to have technical knowledge as well as knowing what really is going on in the project? What about busines..
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