Description
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Thank you for the opportunity to help you with your question!
average cost function Ca(x) = C(x)/x = 0.000002x^2+5+362/x
Marginal average cost function
Ca'=dCa/dx = 0.000004x-362/x^2
C'a (1000) = 0.004 -0.000362 = 0.003638
Please let me know if you need any clarification. I'm always happy to answer your questions.Completion Status:
100%
Review
Review
Anonymous
Great content here. Definitely a returning customer.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
The Counting Principle
Which of the following events would be considered dependent events?It rains in Seattle and it does not rain in New York Ci ...
The Counting Principle
Which of the following events would be considered dependent events?It rains in Seattle and it does not rain in New York City.Sandra rolls a die four times.Stephanie chooses an outfit to wear out of four shirts and three pairs of pants. After Kevin picks a popsicle flavor out of a box, Rachel picks a popsicle flavor.Which of the following events would be considered independent events?Two cards are randomly picked from a standard deck of cards.Carlos has math, chemistry, and English homework. He chooses what order to do the homework in.A student answers five multiple-choice questions with A, B, C, or DA group of people choosing what food to eat at a buffet restaurant.Darien is buying flowers for his mother on mothers day. He has choice between white roses, red roses, or yellow roses and a choice between white daisies,pink daisies, or yellow daisies. How many different combinations of flowers can he buy.691554Cammie is choosing an outfit to wear to school. She has a choice between a blue shirt, a red shirt, or a green shirt. She can wear a pair of jeans or a skirt. Which of the following tree diagrams best represents the number of outfit choices she has.A.B.C.D.In how many ways can a casting director choose a male and female lead from six female actresses and three male actors?18936288072A restaurant offers the following lunch menu options. Customers are allowed to pick one item from each of the four categories.Main CourseVegetablesBeveragesDessertsHamChickenFishBeefGreen beansBroccoliMixed VeggiesPotatoesCoffeeTeaMilkJuiceCakePieIce CreamHow many different combinations could customers use for their meal?151924144Brandon gave Jennifer his phone number, but Jennifer forgot the last three digits of the number. She knows the last digit is definitely not a 7. The first seven digits are shown below.823-555-2_ _ _How many different telephone numbers are possible using the information she knows?3309001000Eight performers are participating in open mic night at a restaurant. How many different ways are there to schedule their appearances?8368,06440,320How many different 5-digit codes are possible using a keypad with 10 digits where no digit may be used more than once?50100,00030,2403,628,800A camp counselor and 5 campers are sitting at a picnic table. The counselor must sit in the middle and one camper who tends to start trouble must sit to her immediate right. How many different ways are there for the rest of the campers to be seated?504072012024
2 pages
Unit 8 Discussion
1. “High School Completion and Crime Rate 2014” dataset was chosen. I think there is a negative correlation between th ...
Unit 8 Discussion
1. “High School Completion and Crime Rate 2014” dataset was chosen. I think there is a negative correlation between the two variables. The higher ...
Final Paper Needed, statistics homework help
The final project for this course is the creation of a statistical analysis report.
Each day, operations management profe ...
Final Paper Needed, statistics homework help
The final project for this course is the creation of a statistical analysis report.
Each day, operations management professionals are faced with multiple decisions affecting various aspects of the operation. The ability to use data to drive
decisions is an essential skill that is useful in any facet of an operation. The dynamic environment offers daily challenges that require the talents of the operations
manager; working in this field is exciting and rewarding.
Throughout the course, you will be engaged in activities that charge you with making decisions regarding inventory management, production capacity, product
profitability, equipment effectiveness, and supply chain management. These are just a few of the challenges encountered in the field of operations management.
The final activity in this course will provide you with the opportunity to demonstrate your ability to apply statistical tools and methods to solve a problem in a
given scenario that is often encountered by an operations manager. Once you have outlined your analysis strategy and analyzed your data, you will then report
your data, strategy, and overall decision that addresses the given problem.
The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Three and Seven. The final project is due in Module Nine.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Apply data-based strategies in guiding a focused approach for improving operational processes
Determine the appropriate statistical methods for informing valid data-driven decision making in professional settings
Select statistical tools for guiding data-driven decision making resulting in sustainable operational processes
Utilize a structured approach for data-driven decision making for fostering continuous improvement activities
Propose operational improvement recommendations to internal and external stakeholders based on relevant data
Prompt
Operations management professionals are often relied upon to make decisions regarding operational processes. Those who utilize a data-driven, structured
approach have a clear advantage over those offering decisions based solely on intuition. You will be provided with a scenario often encountered by an operations
manager. Your task is to review the “A-Cat Corp.: Forecasting” scenario, the addendum, and the accompanying data in the case scenario and addendum; outline
the appropriate analysis strategy; select a suitable statistical tool; and use data analysis to ultimately drive the decision. Once this has been completed, you will
be challenged to present your data, data analysis strategy, and overall decision in a concise report, justifying your analysis.
Specifically, the following critical elements must be addressed:
I. Introduction to the problem:
A. Provide a concise description of the scenario that you will be analyzing. The following questions might help you describe the scenario: What is
the type of organization identified in the scenario? What is the organization’s history and problem identified in the scenario? Who are the key
internal and external stakeholders?
II. Create an analysis plan to guide your analysis and decision making:
A. Identify any quantifiable factors that may be affecting the performance of operational processes. Provide a concise explanation of how these
factors may be affecting the operational processes.
B. Develop a problem statement that addresses the given problem in the scenario and contains quantifiable measures.
C. Propose a strategy that addresses the problem of the organization in the given case study and seeks to improve sustainable operational
processes. How will adjustments be identified and made?
III. Identify statistical tools and methods to collect data:
A. Identify the appropriate family of statistical tools that you will use to perform your analysis. What are your statistical assumptions concerning
the data that led you to selecting this family of tools? In other words, why did you select this family of tools for statistical analysis?
B. Determine the category of the provided data in the given case study. Be sure to justify why the data fits into this category type. What is the
relationship between the type of data and the tools?
C. From the identified family of statistical tools, select the most appropriate tool(s) for analyzing the data provided in the given case study.
D. Justify why you chose this tool to analyze the data. Be sure to include how this tool will help predict the use of the data in driving decisions.
E. Describe the quantitative method that will best inform data-driven decisions. Be sure to include how this method will point out the relationships
between the data. How will this method allow for the most reliable data?
IV. Analyze data to determine the appropriate decision for the identified problem:
A. Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.
B. Explain how following this process leads to valid, data-driven decisions. In other words, why is following your outlined process important?
C. After analyzing the data sets in the case study, describe the reliability of the results. Be sure to include how you know whether the results are
reliable.
D. Illustrate a data-driven decision that addresses the given problem. How does your decision address the given problem? How will it result in
operational improvement?
V. Recommend operational improvements to stakeholders:
A. Summarize your analysis plan for both internal and external stakeholders. Be sure to use audience-appropriate jargon when summarizing for
both groups of stakeholders.
B. Explain how your decision addresses the given problem and how you reached that decision. Be sure to use audience-appropriate jargon for both
groups of stakeholders.
C. Justify why your decision is the best option for addressing the given problem to both internal and external stakeholders and how it will result in
operational improvement. Be sure to use audience-appropriate jargon when communicating with stakeholders.
Milestones
Milestone One: Introduction and Analysis Plan
In Module Three, you will submit your introduction and analysis plan, which are critical elements I and II. You will submit a 3- to 4-page paper that describes the
scenario provided in the case study, identifies quantifiable factors that may affect operational performance, develops a problem statement, and proposes a
strategy for resolving a company’s problem. This milestone will be graded with the Module One Rubric.
Milestone Two: Statistical Tools and Data Analysis
In Module Seven, you will submit your selection of statistical tools and data analysis, which are critical elements III and IV. You will submit a 3- to 4-page paper
and a spreadsheet that provides justification of the appropriate statistical tools that are needed to analyze the company’s data, a hypothesis, the results of your
analysis, any inferences from your hypothesis test, and a forecasting model that addresses the company’s problem. This milestone will be graded with the
Module Two Rubric.
Final Project Submission: Statistical Analysis Report
In Module Nine, you will submit your statistical analysis report and recommendations to management. It should be a complete, polished artifact containing all
of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the
Final Project Rubric.
Final Project Rubric
Guidelines for Submission: Your statistical analysis report must be 10–12 pages in length (plus a cover page and references) and must be written in APA format.
Use double spacing, 12-point Times New Roman font, and one-inch margins. Include at least six references cited in APA format.
Liberty University WK7 US News Data The Average Online Bachelors Student Paper
Project Part 5 - Final Report
You will submit a final report, written in Word (or similar word
...
Liberty University WK7 US News Data The Average Online Bachelors Student Paper
Project Part 5 - Final Report
You will submit a final report, written in Word (or similar word
processing software), based on your findings and submissions from parts
1-4. It is highly suggested you not submit this paper without first
reviewing all the feedback from your instructor on submissions from
weeks 1-6. Be sure to ask any questions you may have on your feedback. This final submission should be three paragraphs and summarize your
entire project. It will be submitted through SafeAssign, Liberty’s
Plagiarism software on BlackBoard. The project must be submitted in
paragraph form and not just a list of the calculations from your
project. Be sure your paragraphs flow (not just listing the answers to
the questions, but complete sentences with transitions) and are written
in third person. It should include the following: Paragraph 1:
Brief summary of the article, including the source
Link for article: https://www.usnews.com/higher-education/online-education/articles/2017-04-04/us-news-data-the-average-online-bachelors-student Description of population, sample, and statistic for the study involving our classStatement of the claims in the article that were tested in this projectNull and alternative hypothesis for both tests run for this project (in words) Paragraph 2 (address the claim about the mean):
Summary of sample statistics (mean, median, quartiles)Confidence interval, along with interpretation of the confidence intervalDescription of hypothesis test (alpha, test statistic, p-value, conclusion, interpretation) Paragraph 3 (address the claim about the proportion):
Summary of sample statistics (x, n, and p)Confidence interval, along with interpretation of the confidence intervalDescription of hypothesis test (alpha, test statistic, p-value, conclusion, interpretation)
Inferential Statistics in Decision Making Questions Discussion
Question 1:
(For detailed Question and input values: Word Document and Excel sheet attached below)
Research Questions (100 ...
Inferential Statistics in Decision Making Questions Discussion
Question 1:
(For detailed Question and input values: Word Document and Excel sheet attached below)
Research Questions (100 - 150 Words Each Question)
Are there differences in the level of understanding of the four videos as indicated by survey participants?
Are there differences in the Total Overall Score of the four videos as indicated by survey participants?
Question 2: (100 - 150 Words)
Using the “Hard Water Data Set” does there seem to be a relationship between Calcium content and Mortality rate?
Question 3: (100 - 150 Words)
Using the “Hard Water Data Set” is the mortality different in the North and South regions?
Note:
APA Format and Plagiarism-Free
Similar Content
Induction and Relations and Functions, math homework help
I have a worksheet on Induction and Relations and functions that I could use some help with. I need to have explanat...
i need help idk this one!
...
simplify using prime bases
three to the fifth power times twenty seven. whats the anwser...
What is the range of acceptable lengths for the rod?, homework help
the ideal length of a particular metal rod is 35.5cm. The measured lenght may vary from the ideal length by at most 0.035c...
which method do i use to solve: elimination or substitution
y=-x6x 6y=0...
What is the length of the chord to the nearest tenth?
In the diagram below, the endpoints of the chord are the points where the line x=2 intersects the circle x squared + y squ...
Creative Presentation
...
Complex Zeros
1. It is a polynomial with degree 5 and leading coefficient -7 (-2,-9.67) is the global minimum of the function. 4. The gr...
Assignment 2 Spss Questions
Utilizing the HW2-Data.sav file please answer the following questions before completing the Canvas questions. Completing t...
Related Tags
Book Guides
Divergent
by Veronica Roth
Little Fires Everywhere
by Celeste Ng
To the Lighthouse
by Virginia Woolf
The Tipping Point
by Malcolm Gladwell
Persuasion
by Jane Austen
Beowulf
by Anonymous Anglo-Saxon poet
The Outsiders
by S.E. Hinton
Sounds Like Titanic
by Jessica Chiccehito Hindman
The BFG
by Roald Dahl
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
The Counting Principle
Which of the following events would be considered dependent events?It rains in Seattle and it does not rain in New York Ci ...
The Counting Principle
Which of the following events would be considered dependent events?It rains in Seattle and it does not rain in New York City.Sandra rolls a die four times.Stephanie chooses an outfit to wear out of four shirts and three pairs of pants. After Kevin picks a popsicle flavor out of a box, Rachel picks a popsicle flavor.Which of the following events would be considered independent events?Two cards are randomly picked from a standard deck of cards.Carlos has math, chemistry, and English homework. He chooses what order to do the homework in.A student answers five multiple-choice questions with A, B, C, or DA group of people choosing what food to eat at a buffet restaurant.Darien is buying flowers for his mother on mothers day. He has choice between white roses, red roses, or yellow roses and a choice between white daisies,pink daisies, or yellow daisies. How many different combinations of flowers can he buy.691554Cammie is choosing an outfit to wear to school. She has a choice between a blue shirt, a red shirt, or a green shirt. She can wear a pair of jeans or a skirt. Which of the following tree diagrams best represents the number of outfit choices she has.A.B.C.D.In how many ways can a casting director choose a male and female lead from six female actresses and three male actors?18936288072A restaurant offers the following lunch menu options. Customers are allowed to pick one item from each of the four categories.Main CourseVegetablesBeveragesDessertsHamChickenFishBeefGreen beansBroccoliMixed VeggiesPotatoesCoffeeTeaMilkJuiceCakePieIce CreamHow many different combinations could customers use for their meal?151924144Brandon gave Jennifer his phone number, but Jennifer forgot the last three digits of the number. She knows the last digit is definitely not a 7. The first seven digits are shown below.823-555-2_ _ _How many different telephone numbers are possible using the information she knows?3309001000Eight performers are participating in open mic night at a restaurant. How many different ways are there to schedule their appearances?8368,06440,320How many different 5-digit codes are possible using a keypad with 10 digits where no digit may be used more than once?50100,00030,2403,628,800A camp counselor and 5 campers are sitting at a picnic table. The counselor must sit in the middle and one camper who tends to start trouble must sit to her immediate right. How many different ways are there for the rest of the campers to be seated?504072012024
2 pages
Unit 8 Discussion
1. “High School Completion and Crime Rate 2014” dataset was chosen. I think there is a negative correlation between th ...
Unit 8 Discussion
1. “High School Completion and Crime Rate 2014” dataset was chosen. I think there is a negative correlation between the two variables. The higher ...
Final Paper Needed, statistics homework help
The final project for this course is the creation of a statistical analysis report.
Each day, operations management profe ...
Final Paper Needed, statistics homework help
The final project for this course is the creation of a statistical analysis report.
Each day, operations management professionals are faced with multiple decisions affecting various aspects of the operation. The ability to use data to drive
decisions is an essential skill that is useful in any facet of an operation. The dynamic environment offers daily challenges that require the talents of the operations
manager; working in this field is exciting and rewarding.
Throughout the course, you will be engaged in activities that charge you with making decisions regarding inventory management, production capacity, product
profitability, equipment effectiveness, and supply chain management. These are just a few of the challenges encountered in the field of operations management.
The final activity in this course will provide you with the opportunity to demonstrate your ability to apply statistical tools and methods to solve a problem in a
given scenario that is often encountered by an operations manager. Once you have outlined your analysis strategy and analyzed your data, you will then report
your data, strategy, and overall decision that addresses the given problem.
The project is divided into two milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Three and Seven. The final project is due in Module Nine.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Apply data-based strategies in guiding a focused approach for improving operational processes
Determine the appropriate statistical methods for informing valid data-driven decision making in professional settings
Select statistical tools for guiding data-driven decision making resulting in sustainable operational processes
Utilize a structured approach for data-driven decision making for fostering continuous improvement activities
Propose operational improvement recommendations to internal and external stakeholders based on relevant data
Prompt
Operations management professionals are often relied upon to make decisions regarding operational processes. Those who utilize a data-driven, structured
approach have a clear advantage over those offering decisions based solely on intuition. You will be provided with a scenario often encountered by an operations
manager. Your task is to review the “A-Cat Corp.: Forecasting” scenario, the addendum, and the accompanying data in the case scenario and addendum; outline
the appropriate analysis strategy; select a suitable statistical tool; and use data analysis to ultimately drive the decision. Once this has been completed, you will
be challenged to present your data, data analysis strategy, and overall decision in a concise report, justifying your analysis.
Specifically, the following critical elements must be addressed:
I. Introduction to the problem:
A. Provide a concise description of the scenario that you will be analyzing. The following questions might help you describe the scenario: What is
the type of organization identified in the scenario? What is the organization’s history and problem identified in the scenario? Who are the key
internal and external stakeholders?
II. Create an analysis plan to guide your analysis and decision making:
A. Identify any quantifiable factors that may be affecting the performance of operational processes. Provide a concise explanation of how these
factors may be affecting the operational processes.
B. Develop a problem statement that addresses the given problem in the scenario and contains quantifiable measures.
C. Propose a strategy that addresses the problem of the organization in the given case study and seeks to improve sustainable operational
processes. How will adjustments be identified and made?
III. Identify statistical tools and methods to collect data:
A. Identify the appropriate family of statistical tools that you will use to perform your analysis. What are your statistical assumptions concerning
the data that led you to selecting this family of tools? In other words, why did you select this family of tools for statistical analysis?
B. Determine the category of the provided data in the given case study. Be sure to justify why the data fits into this category type. What is the
relationship between the type of data and the tools?
C. From the identified family of statistical tools, select the most appropriate tool(s) for analyzing the data provided in the given case study.
D. Justify why you chose this tool to analyze the data. Be sure to include how this tool will help predict the use of the data in driving decisions.
E. Describe the quantitative method that will best inform data-driven decisions. Be sure to include how this method will point out the relationships
between the data. How will this method allow for the most reliable data?
IV. Analyze data to determine the appropriate decision for the identified problem:
A. Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.
B. Explain how following this process leads to valid, data-driven decisions. In other words, why is following your outlined process important?
C. After analyzing the data sets in the case study, describe the reliability of the results. Be sure to include how you know whether the results are
reliable.
D. Illustrate a data-driven decision that addresses the given problem. How does your decision address the given problem? How will it result in
operational improvement?
V. Recommend operational improvements to stakeholders:
A. Summarize your analysis plan for both internal and external stakeholders. Be sure to use audience-appropriate jargon when summarizing for
both groups of stakeholders.
B. Explain how your decision addresses the given problem and how you reached that decision. Be sure to use audience-appropriate jargon for both
groups of stakeholders.
C. Justify why your decision is the best option for addressing the given problem to both internal and external stakeholders and how it will result in
operational improvement. Be sure to use audience-appropriate jargon when communicating with stakeholders.
Milestones
Milestone One: Introduction and Analysis Plan
In Module Three, you will submit your introduction and analysis plan, which are critical elements I and II. You will submit a 3- to 4-page paper that describes the
scenario provided in the case study, identifies quantifiable factors that may affect operational performance, develops a problem statement, and proposes a
strategy for resolving a company’s problem. This milestone will be graded with the Module One Rubric.
Milestone Two: Statistical Tools and Data Analysis
In Module Seven, you will submit your selection of statistical tools and data analysis, which are critical elements III and IV. You will submit a 3- to 4-page paper
and a spreadsheet that provides justification of the appropriate statistical tools that are needed to analyze the company’s data, a hypothesis, the results of your
analysis, any inferences from your hypothesis test, and a forecasting model that addresses the company’s problem. This milestone will be graded with the
Module Two Rubric.
Final Project Submission: Statistical Analysis Report
In Module Nine, you will submit your statistical analysis report and recommendations to management. It should be a complete, polished artifact containing all
of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the
Final Project Rubric.
Final Project Rubric
Guidelines for Submission: Your statistical analysis report must be 10–12 pages in length (plus a cover page and references) and must be written in APA format.
Use double spacing, 12-point Times New Roman font, and one-inch margins. Include at least six references cited in APA format.
Liberty University WK7 US News Data The Average Online Bachelors Student Paper
Project Part 5 - Final Report
You will submit a final report, written in Word (or similar word
...
Liberty University WK7 US News Data The Average Online Bachelors Student Paper
Project Part 5 - Final Report
You will submit a final report, written in Word (or similar word
processing software), based on your findings and submissions from parts
1-4. It is highly suggested you not submit this paper without first
reviewing all the feedback from your instructor on submissions from
weeks 1-6. Be sure to ask any questions you may have on your feedback. This final submission should be three paragraphs and summarize your
entire project. It will be submitted through SafeAssign, Liberty’s
Plagiarism software on BlackBoard. The project must be submitted in
paragraph form and not just a list of the calculations from your
project. Be sure your paragraphs flow (not just listing the answers to
the questions, but complete sentences with transitions) and are written
in third person. It should include the following: Paragraph 1:
Brief summary of the article, including the source
Link for article: https://www.usnews.com/higher-education/online-education/articles/2017-04-04/us-news-data-the-average-online-bachelors-student Description of population, sample, and statistic for the study involving our classStatement of the claims in the article that were tested in this projectNull and alternative hypothesis for both tests run for this project (in words) Paragraph 2 (address the claim about the mean):
Summary of sample statistics (mean, median, quartiles)Confidence interval, along with interpretation of the confidence intervalDescription of hypothesis test (alpha, test statistic, p-value, conclusion, interpretation) Paragraph 3 (address the claim about the proportion):
Summary of sample statistics (x, n, and p)Confidence interval, along with interpretation of the confidence intervalDescription of hypothesis test (alpha, test statistic, p-value, conclusion, interpretation)
Inferential Statistics in Decision Making Questions Discussion
Question 1:
(For detailed Question and input values: Word Document and Excel sheet attached below)
Research Questions (100 ...
Inferential Statistics in Decision Making Questions Discussion
Question 1:
(For detailed Question and input values: Word Document and Excel sheet attached below)
Research Questions (100 - 150 Words Each Question)
Are there differences in the level of understanding of the four videos as indicated by survey participants?
Are there differences in the Total Overall Score of the four videos as indicated by survey participants?
Question 2: (100 - 150 Words)
Using the “Hard Water Data Set” does there seem to be a relationship between Calcium content and Mortality rate?
Question 3: (100 - 150 Words)
Using the “Hard Water Data Set” is the mortality different in the North and South regions?
Note:
APA Format and Plagiarism-Free
Earn money selling
your Study Documents