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In any business, the quality of decisions is often related to the quality of information. For instance, effective product marketing entails combining the right offering (keeping in mind that products are bundles of attributes and different bundles, or combinations of attributes, will appeal to different prospective buyers) with the right target buyer group. Knowing what constitutes the right offering and the right prospective buyer group usually involves data analysis. In general, using data to shape or guide business decisions entails a progression along the continuum of data ? information ? knowledge.
What is the difference between data, information, and knowledge? In your opinion, when does data become information and information become knowledge? Support your answer with relevant examples. Why is meaningful and correct data analysis-statistics-important in using the volumes of available business data?
You are a new CEO of a large business. Your supply chain department managers are very good; explain however, they have a hard time cooperating with each or on mutual business goals. Each 1 tries to maximize their areas results. Explain how would y..
Suppose which instead of a faucet, a 60 gallon container is used for filling the tan. Elucidate in words the number of gallons in the open tank is changing over time also draw a graph of the situation
the average time a customer spends at the restaurant (1.176 minutes). Illustrate what are the arrival rate also service rate.
The supplier would like to deliver sweatshirts once a week. Explain how much will this price the co-op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
explain how you will resolve them. Also address any matters or requirements specific to your state. If there are none, state that.
Illustrate what data management problems have arisen. Elucidate how has MySpace solved or attempted to solve these problems.
Explain how accurate was the demand forecast for the first quarter of 2005. Focus on the PVB 12-720 product. Explain how to apply the appropriate operations tools to aid in decision-making also optimize performance.
Determine monthly volume necessary at each location to realize a monthly profit of $10,000. owner of Genuine Subs, Inc. hopes to expand present operation by adding one new outlet.
Other than culture, illustrate what other organizational factors should be used to find out which project management structure should be used.
Resolve the model developed in 3) and identify the new plant locations and the minimum cost. Identify an additional scenario and develop a model for the scenario. Analyze the model and discuss your model results.
What is the Expected Utility of each of Mark's decision alternatives? He is considering opening a competing bookstore near the campus
Is it ethical to use design elements also special effects to persuade an audience. Explain why or explain why not. Please feel free to use an example.
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