Reference no: EM13725723
1) The Security National Bank is considering two locations for a new branch. The two choices are a major mall and a strip mall. The site selection team is evaluating two sites, and they have scored the critical success factors for each as shown below. The weights reflect the same relative importance as we have used in class. They want to use these ratings to compare the locations.
|
Critical Success Factor
|
Factor Weight
|
Major Mall Site
|
Strip Mall Site
|
|
Relocation cost
|
0.30
|
$190,000
|
$240,000
|
|
Customer service
|
0.40
|
2.5
|
3.0
|
|
Service quality
|
0.10
|
1.8
|
2.4
|
|
Security and safety
|
0.10
|
2.4
|
1.8
|
|
Market share
|
0.10
|
1.8
|
2.1
|
The non-economic scores are on a 0 to 3.0 basis with 3.0 being best and it is possible to achieve the 3.0 score.
a) Using the factor scoring (rating) method as we learned in class, which site should Security National Bank use based on the above information?
b) Suppose the 3.0 value for the Customer Service for the Strip Mall Site is questionable. At what Customer Service score for the Strip Mall Site would the bank change its decision from what it found in a)?
2) The registrar at State University believes that decreases in the number of freshman applications that have been experienced are directly and linearly related to tuition increases. They have collected the following enrollment and tuition data for the past ten years:
|
Year
|
1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
|
Freshman Applications
|
6010
|
5560
|
6100
|
5330
|
4980
|
5870
|
5120
|
4750
|
4615
|
4100
|
|
Annual Tuition ($)
|
3600
|
3600
|
4000
|
4400
|
4500
|
5700
|
6000
|
6000
|
7500
|
8000
|
Your work must reflect the correct independent and dependent variables based on the problem statements. This is part of the solution that is required.
a) Evaluate the registrar's belief that there is a direct relationship between the number of freshman applications as the tuition increases. What is this regression relationship and how strong is this relationship?
b) What is the expected number of applications if tuition increases to $10,000 per year?
c) Looking at the annual tuition for the past ten years, the Levy family believes that there is only a relationship between time (expressed as the Year) and the tuition. They want to plan on the total tuition for a four year college degree for their son who will be applying and if accepted enrolling beginning in year 12. What should they budget for the tuition by year for each of the four years? How strong is the relationship you are using?
|
What is the greatest risk
: You have clicked and watched the link (https://www.youtube.com/watch?v=Nl54bl8JBlI&feature=player_embedded), is a website the only web presence a company should have today, What is the greatest risk
|
|
Calculate the ratios for this company return on sales
: Incorporated's income statement shows a net profit before tax of $468 and net sales of $7,482 for 2010. Total assets are at $3,244. Calculate the ratios for this company Return on sales ratio (net profit margin)
|
|
Aggressive entertainment and gift program
: "Let's face it. Our product is no different from that of 20 other competitors. It sells for the same price and for the same terms. We all give the same service. It really doesn't matter to the buyer which of us gets the order. So the only way we c..
|
|
Unstructured employment interviews
: Discuss some of the reasons why managers continue to use unstructured employment interviews despite the abundant evidence that they are not useful for predicting future job performance.
|
|
What is this regression relationship and how strong is this
: Evaluate the registrar's belief that there is a direct relationship between the number of freshman applications as the tuition increases. What is this regression relationship and how strong is this relationship
|
|
Kurt lewin model for change
: Research Kurt Lewin's model for change. Then, discuss the three-staged de-biasing process (unfreezing, change, and refreezing) and explain the mechanisms that make each of them hard to implement.
|
|
What does the scatter chart indicate about sales
: Plot a scatter chart to examine the relationship between the Year Movie Released and Sales. Include a trend line for this scatter chart. What does the scatter chart indicate about Sales over time for all the movies?
|
|
What are the goals of competitive intelligence
: After watching the video (https://www.youtube.com/watch?v=OTpwUUNepZc&feature=player_embedded) and reviewing this week's readings, What are the goals of competitive intelligence
|
|
Understand the biases of others
: Bazerman and Moore suggest that we should understand the biases of others. Discuss this concept in terms of why it is important for us to understand other peoples' biases. In your discussion, focus on how you might be able to improve your decisio..
|