Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could usedescriptive statistics to make better managerial decisions. Give an example of how you could useinferential statistics to make better managerial decisions. Say whether this or that example describes the use ofdescriptive orinferentialstatistics. 1. Take a sample of batteries and test them to determine the average shelf life - use the sample average to reach conclusions about all batteries of this type. Management can then make labeling and advertising claims. They can compare these figures to the shelf-life of competing batteries. - select an option 2. Total number of worker hours per plant per week - help management understand labor costs, work allocation, productivity, etc. - select an option 3. Interview a random sample of production workers to determine attitude towards company management - management can use this survey result to ascertain employee morale and to direct efforts towards creating a more positive working environment which, hopefully, results in greater productivity. - select an option 4. Company sales volume of batteries in a year - help management decide if the product is profitable, how much to advertise in the coming year, compare to costs to determine profitability. - select an option 5. Total amount of sulfuric acid purchased per month for use in battery production - can be used by management to study wasted inventory, scrap, etc. - select an option 6. Take a sample of battery consumers and determine how many batteries they purchase per year. Infer to the entire population - management can use this information to

Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive statistics to make better managerial decisions. Give an example of how...

Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could usedescriptive statistics to make better managerial decisions. Give an example of how you could useinferential statistics to make better managerial decisions.

Say whether this or that example describes the use ofdescriptive orinferentialstatistics.

1.		Take a sample of batteries and test them to determine the average shelf life - use the sample average to reach conclusions about all batteries of this type. Management can then make labeling and advertising claims. They can compare these figures to the shelf-life of competing batteries. - select an option
2.		Total number of worker hours per plant per week - help management understand labor costs, work allocation, productivity, etc. - select an option
3.		Interview a random sample of production workers to determine attitude towards company management - management can use this survey result to ascertain employee morale and to direct efforts towards creating a more positive working environment which, hopefully, results in greater productivity. - select an option
4.		Company sales volume of batteries in a year - help management decide if the product is profitable, how much to advertise in the coming year, compare to costs to determine profitability. - select an option
5.		Total amount of sulfuric acid purchased per month for use in battery production - can be used by management to study wasted inventory, scrap, etc. - select an option
6.		Take a sample of battery consumers and determine how many batteries they purchase per year. Infer to the entire population - management can use this information to

Jun 06, 2022

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Suppose you are an operations manager for a plant that manufactures batteries. Give an example of how you could use descriptive statistics to make better managerial decisions. Give an example of how...

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