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Business
Statistics
1.
Suppose you are the Operations Manager of an e-commerce company. Explain with
examples how you can use descriptive statistics to make better managerial
decisions. (10 Marks)
2. In
the “Master Chef 2015” Competition 10 finalists were ranked by three judges in
the following orders:
Use the
method of rank correlation to determine which pair of judges has the nearest
approach in ranking the competitors. (10 Marks)
3. A
particular branch of a bank has 30 full-time operating staff that includes
branch manager, assistant managers, loan officers, clerks and security
personnel. Because of the demonetarization issue banks are running 7 days a
week and the bank does not have full complement of staff to handle the
increased customer crowd. In addition there are times when staff are absent as
they are getting sick because of the increased stress levels. The branch
manager conducted an audit to determine if there is any kind of strong
relationship between the number of staff absent and the average time that the
customer had to stand in the queues inside the bank. The following was his
observation from the past 10 days information:
a)
Develop the linear regression equation that best describes the relationship.
What is the estimate of the time delay per employee absent? (5 Marks)
b) When
the bank has full complement of staff, what is the average waiting time in the
queue as predicted by the linear regression? If there are six employees absent,
estimate the average waiting time as predicted by the linear regression? (5
Marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224
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