What are the managerial implications of a correlation

Reference no: EM13253204

Discussions

1.Correlation

What results in your departments seem to be correlated or related (either causal or not) to other activities? How could you verify this? What are the managerial implications of a correlation between these variables?

2.Regression

At times we can generate a regression equation to explain outcomes. For example, an employee's salary can often be explained by their pay grade, appraisal rating, education level, etc. What variables might explain or predict an outcome in your department or life? If you generated a regression equation, how would you interpret it and the residuals from it?

Reference no: EM13253204

Questions Cloud

Write the amperes law for a path : Write the Ampere's Law for a path that surrounds both conductors

Determine the optimal areas in square yards : a. Formulate a linear programming model to determine the optimal areas in square yards for each of the three crops. b. Solve three iterations of the simplex method for this model.

Which of prime implicants found in part a are essential : a. Identify all prime implicants (largest possible power-of-two groupings) b. Identify which of those prime implicants found in part a are essential (indicated the essential 1 with an asterisk) c. Derive the possible M-SOP equation(s) for this functi..

How many females and males should be in the sample : Cafeteria workers want a sample of 100 customers that is representative of the lunch customers. Which sampling method would be appropriate? How many females and males should be in the sample?

What are the managerial implications of a correlation : What results in your departments seem to be correlated or related (either causal or not) to other activities? How could you verify this? What are the managerial implications of a correlation between these variables?

Explain in detail heat of fusion : a melting point of 328.0 Celsius degrees, and a heat of fusion of 5.5 kcal/kg. How much heat must be provided to melt a 250.0 kg sample of lead with a temperature of 20.0 Celsius degrees

Developing global supply chain quality management systems : Developing global supply chain quality management systems - Achieving supply chain quality (SCQ) is not easy. A supply chain must undergo a transformation from its supply chain management approach to supply chain quality management.

Determine the schedule of processing for the given set : Consider a disk that is scheduled using the Shortest Seek First (SSF) policy. At time t, let the disk have the following requests in its queue: Request Cylinder R1 45 R2 39 R3 49 R4 52 R5 69 R6 35 R7 3 R8 66.

How would the customer strategy differ between customers : How might the customer strategy differ in these two situations, or would it? 3. How would the customer strategy differ between customers in France and the United States?

User Account

All Pages