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5% of the welds done by the welding company are substandard and need to be redone. Suppose you choose 5 recent welds. Use the binomial function to compute the probability that exactly 4 out 5 welds are substandard
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R Studio, SWOT analysis, data modeling, risk matrix, risk identification Linear Regression, Logistic Regression, Discriminant Analysis, Time Series, Expected Payoff, or Decision Trees
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Identify a business that is of interest to you. It can be real or fictitious,
but it sh ...
R Studio, SWOT analysis, data modeling, risk matrix, risk identification Linear Regression, Logistic Regression, Discriminant Analysis, Time Series, Expected Payoff, or Decision Trees
Assignment InstructionsScenario:
Identify a business that is of interest to you. It can be real or fictitious,
but it should be a realistic business. Think of one specific risk that your
chosen business could face, and consider how and where you will get data that
can be analyzed to address that risk. Complete
the following steps: 1.
Create a Word document to contain all components of your Unit 6 Assignment. Add
a title page and table of contents. 2.
Write an introduction to your chosen topic. Describe the business that you have
chosen, identify the risk you selected, and briefly describe how you expect
analytics to help you address that risk. Label this section Introduction. 3.
Perform a SWOT analysis for your business. Ensure that you have at least one
element with a description in each of the four quadrants of a SWOT table. Label
this section SWOT Analysis. 4.
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Probability/High Impact; or Low Probability/Low Impact. Provide a rationale
explaining why you have classified your chosen risk in the way you did. Label
this section Risk Classification. 5.
Obtain or create a data set that you can use to address your risk. You can use
built in data sets in R, data sets from the Internet, or data sets from a
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Include a References page that cites all sources used to complete your Unit 6
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appropriately both in the text of your writing (parenthetical citations) and on
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4 pages
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Most Popular Content
ST 202D Inference for One Portion and Comparing Z Procedures Discussion
Hi,I need detailed solutions for all the 3 questions in the attached activity. All the instructions are in the attached fi ...
ST 202D Inference for One Portion and Comparing Z Procedures Discussion
Hi,I need detailed solutions for all the 3 questions in the attached activity. All the instructions are in the attached file.Thanks
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Project Week 2 For these project assignments throughout the course you will need to reference the data in the ROI Excel sp ...
MA215 Grantham Week 2 Probability and Standard Deviation Paper
Project Week 2 For these project assignments throughout the course you will need to reference the data in the ROI Excel spreadheet. Using the ROI data set: For each of the 2 majors calculate the mean, median,
minimum, maximum, range, and standard deviation for the columns ‘Cost’
and ’30-Year ROI’. By hand or with Excel, for each of the 2 majors calculate
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is ‘Private’.By hand or with Excel, for each of the 2 majors find the
probability that a college with the ‘School Type’ ‘Private’ has a
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Identify a business that is of interest to you. It can be real or fictitious,
but it should be a realistic business. Think of one specific risk that your
chosen business could face, and consider how and where you will get data that
can be analyzed to address that risk. Complete
the following steps: 1.
Create a Word document to contain all components of your Unit 6 Assignment. Add
a title page and table of contents. 2.
Write an introduction to your chosen topic. Describe the business that you have
chosen, identify the risk you selected, and briefly describe how you expect
analytics to help you address that risk. Label this section Introduction. 3.
Perform a SWOT analysis for your business. Ensure that you have at least one
element with a description in each of the four quadrants of a SWOT table. Label
this section SWOT Analysis. 4.
Identify which quadrant of a risk matrix your selected risk would fall into
(High Probability/High Impact; High Probability/Low Impact; Low
Probability/High Impact; or Low Probability/Low Impact. Provide a rationale
explaining why you have classified your chosen risk in the way you did. Label
this section Risk Classification. 5.
Obtain or create a data set that you can use to address your risk. You can use
built in data sets in R, data sets from the Internet, or data sets from a
company with appropriate permission. It is acceptable to create your own data
set if you wish. Keep in mind that you will need to use one of the risk
analytics techniques you have learned in this class, so the data you use and
the outcome your produce must be aligned with a valid technique: Linear
Regression, Logistic Regression, Discriminant Analysis, Time Series, Expected
Payoff, or Decision Trees. Make a screen capture of a representative sample of
your data. Place it in your document and label this section Data. 6.
Create a model for your data that will allow you to address your selected risk.
This will most probably be in R, but if you select Expected Payoff as your
technique, it will be in Excel. Note that you are not permitted to simply
re-package one of the Assignments that you did earlier in this class. Your work
must be novel, even though you are using analytic techniques that generally
always stay the same. In your Word document, provide evidence by way of labeled
screen captures and written descriptions of your model building. Label this
section Modeling. 7.
If your chosen technique is anything other than Time Series or Expected Payoff,
apply your model to make predictions for a representative data set to
illustrate how your chosen business would actually use your risk analytics
model. If you selected Time Series or Expected Payoff, document your findings
for your audience. In your Word document, provide evidence by way of labeled
screen captures and written descriptions of your model application/outcomes.
Label this section Outcomes. 8.
Write a conclusion that summarizes what you did to assess and analyze risk
using data. Discuss legal and/or ethical considerations that your chosen
business must consider and address in using your risk analytics approach. Label
this section Conclusion. 9.
Include a References page that cites all sources used to complete your Unit 6
Assignment. The list of references must include no fewer than five
authoritative and relevant sources beyond the class textbook and sources of
data. Ensure that all of your cited sources are referred to parenthetically
throughout the body of your paper where relevant, and then in APA format on the
References page. Assignment
Requirements Prepare
your Assignment submission in Microsoft Word following standard APA formatting
guidelines: Double spaced, Times New Roman 12-point font, one inch margins on
all sides. Include a title page, table of contents and references page. You do
not need to write an abstract. Label all tables and figures. Cite sources
appropriately both in the text of your writing (parenthetical citations) and on
your references page (full APA citation format). The assignment rubric is attached.
4 pages
Printing Equipment
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Printing Equipment
Yes, there are other options that the business management could consider in making the expansion decision such the leasing the equipment, outsourcing ...
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