Reach Methods for Managerial Decisions

Essay specific features

 

Issue:

Business

 

Written by:

Charlene A

 

Date added:

October 6, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1621

 

Was viewed:

6958 times

 

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Essay content:

Therefore, CoffeeTime's management wants to apply different statistical procedures such as multiple regression, Z test for proportions, the chi-square test in order to make informed and appropriate business decisions to meet two key goals (1) strengthen presence in India vis-a-vis competition from Quick Brew (a local coffee bar), and (2) introduce a new snack to suit the taste of Indian customers identified in this year's business plan...
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Additionally, CoffeeTime conducted a survey about sandwiches that created concerns about the opportunities and risks associated with the introduction of a new a product such as customer preferences and profitability. Therefore in order to help CoffeeTime stay focused on and achieve their organizational goals, statistical research models using multiple regression, Z test for proportions, and the chi-square test will be utilized to formulate strategies, make decisions and address the major research concerns in the simulation of (1) predicting weekly revenues (2) determining potential opportunities, losses and risks associated with the introduction of sandwiches,(3) determining if our customer's preference for sandwiches depends on their gender, (4) Explain the differences in Laura Jones selections for multiple regression first using all normal values and then using all lagged values and how CoffeeTime could further optimize this model...
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