Process analysis and design
1,) In a community of 100,000 adults, subscribers to the newspaper, the Tallahassee Democrat, tend to renew their annual subscription with probability 90% and persons presently not subscribing will subscribe for the next year with probability 0.2%. If the present number of subscribers is 1500, predict the annual subscription levels for each of the next three years?
Process analysis is a method that permits an unmistakable understanding of an organization's business processes to be acquired. There are a few critical stages to process analysis. Process analysis is a deliberate audit of all means and systems followed to play out a given movement. It is a depiction of the manner in which a specific assignment is done inside an association.
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- Cafe Michigan 's manager, Gary Stark, suspectsthat demand for mocha latte coffees depends on the price beingcharged. Based on historical observations, Gary has gathered thefollowing data, which show the numbers of these coffees sold oversix different price values:Using these data, how many mocha latte coffees would be forecastto be sold according to simple linear regression if the priceper cup were $2.80?arrow_forwardRoom registrations in the Toronto Towers Plaza Hotelhave been recorded for the past 9 years. To project futureoccupancy, management would like to determine the math-ematical trend of guest registration. This estimate willhelp the hotel determine whether future expansion will beneeded. Given the following time-series data, develop aregression equation relating registrations to time (e.g., atrend equation). Then forecast year 11 registrations. Roomregistrations are in the thousands:arrow_forwardWrite a recommendation report using this scenario “An investment consultant must advise a client whether or not to invest in the development of a lake resort”arrow_forward
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- The University of Miami bookstore stocks textbooks in preparation for sales each semester. It normally relies on departmental forecasts and preregistration records to determine how many copies of a text are needed. Preregistration shows 85 operations management students enrolled, but bookstore manager Vaidy Jayaraman has second thoughts, based on his intuition and some historical evidence. Vaidy believes that the distribution of sales may range from 65 to 85 units, according to the following probability model: Demand Probability 65 0.05 Stock 65 70 75 80 85 70 0.25 This textbook costs the bookstore $82 and sells for $107. Any unsold copies can be returned to the publisher, less a restocking fee and shipping, for a net refund of $30. a) Based on the given information, Vaidy's conditional profits table for the bookstore is: Demand 75 P=0.30 65 P = 0.05 0000 70 P = 0.25 75 0.30 ☐☐☐☐ 80 0.15 00000 80 85 P = 0.15 P = 0.25 30000 85 0.25 ☐☐☐☐arrow_forwardI posted this question and it's been 18 hours that it still hasn't been answered. I only need the last two questions please (:arrow_forwardScenario 3: Kohl’s Department Store has experienced steady growth in every department over the past decade. Sales and market share continue to grow but Kohl’s wants to know the level of customer satisfaction among its existing target market. In addition, the company would like to know how to continue to expand sales over the upcoming decade and would like to know how they could better serve customers within their stores and online. Using any form of a Likert scale, create a questionnaire with a minimum of 10 questions that Kohl’s current customers could answer:arrow_forward
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