There are two problems due this week (each worth 32.5 points) as follows.Problem 1.6 (page 20) In comprehensive paragraphs, answer requirements a to e. You will have 5 paragraphs total of four to five sentences each.Problem 2.5 (page 41) Match each term with its definition.Submit your assignment in Word.1.6. Based on Walmart’s success in the United States, many expected the company to quickly dominate the British market after it bought the Asda grocery chain in 1999. That did not happen; Walmart’s market share in groceries grew to a little more than half that of its biggest competitor, Tesco. Initially, Tesco’s sales and net income rose significantly while Walmart’s sales and net income increased at a much slower rate. More recently, Walmart has made small gains in market share, and Tesco has had small decreases.Walmart found out that Tesco is a formidable worldwide competitor. Tesco operates almost 2,400 stores in Britain in four different formats. It has a very successful operation in Central Europe, and it expanded to the United States with Fresh & Easy stores. In Korea, Tesco’s 174 stores thrived while Walmart gave up after an eight-year effort to succeed and sold its 16 stores.One of the biggest reasons for Tesco’s success is its use of technology. In 1995, Tesco started a loyalty card program, called Clubcard, and over 80% of its shoppers are members. Shoppers fill out an application in the store and receive a plastic card and a key fob in the mail that is scanned before they make a purchase. Tesco gathers massive amounts of data about its customers’ 15 million purchases each week. Sales data are analyzed and turned into information that provides Tesco with a significant competitive advantage.As traditional advertising loses effectiveness, these large stores of data allow Tesco to find new and creative ways to market its products.RequiredWhat kind of information do you think Tesco gathers?How do you think Tesco has motivated over 22 million customers to sign up for its Clubcard program?What can Tesco accomplish with the Clubcard data it collects? Think in terms of strategy and competitive advantage.What are some of the disadvantages to the Clubcard program?Do an Internet search to find out how Tesco is doing in comparison to Walmart and other grocers and retailers. Write a few paragraphs explaining your finding2.5 Match the following terms with their definitions.TermDefinitiona. data processing cycle1. Contains summary-level data for every asset, liability, equity, revenue, and expense accountb. source documents2. Items are numbered consecutively to account for all items; missing items cause a gap in the numerical sequencec. turnaround documents3. Path of a transaction through a data processing system from point of origin to final output, or backward from final output to point of origind. source data automation4. List of general ledger account numbers; allows transaction data to be coded, classified, and entered into proper accounts; facilitates preparation of financial statements and reportse. general ledger5. Contents of a specific field, such as “George” in a name fieldf. subsidiary ledger6. Portion of a data record that contains the data value for a particular attribute, like a cell in a spreadsheetg. control account7. Company data sent to an external party and then returned to the system as inputh. coding8. Used to record infrequent or nonroutine transactionsi. sequence code9. Characteristics of interest that need to be storedj. block code10. The steps a company must follow to efficiently and effectively process data about its transactionsk. group code11. Something about which information is storedl. mnemonic code12. Stores cumulative information about an organization; like a ledger in a manual AISm. chart of accounts13. Contains detailed data for any general ledger account with many individual subaccountsn. general journal14. Contains records of individual business transactions that occur during a specific time periodo. specialized journal15. Updating each transaction as it occursp. audit trail16. Devices that capture transaction data in machine-readable form at the time and place of their originq. entity17. Used to record large numbers of repetitive transactionsr. attribute18. Set of interrelated, centrally coordinated filess. field19. Two or more subgroups of digits are used to code itemst. record20. Updating done periodically, such as dailyu. data value21. Systematic assignment of numbers or letters to items to classify and organize themv. master file22. Letters and numbers, derived from the item description, are interspersed to identify items; usually easy to memorizew. transaction file23. Initial record of a transaction that takes place; usually recorded on preprinted forms or formatted screensx. database24. Fields containing data about entity attributes, like a row in a spreadsheety. batch processing25. Sets of numbers are reserved for specific categories of dataz. online, real-time processing26. The general ledger account corresponding to a subsidiary ledger, where the sum of all subsidiary ledger entries should equal the amount in the general ledger account

Please answer the following questions. Most of them are multiple choice or short answers.Problem 1 Context The employee manager of a large company would like to estimate the proportion of full-time employees who prefer adopting the basic plan of the available health care plans in the forthcoming annual enrollment period. Given this context, please select the most appropriate answer to each of the following questions. 1) The employee manager believes that if the proportion of employees preferring the basic plan is greater than 17%, then that plan should be subsidized by the company. A 95% confidence interval for the proportion of employees preferring the basic plan yields (16.35%; 18.12%). Based on this interval, at the 5% level of significance what should the manager’s decision be regarding whether or not to subsidy the basic plan? Group of answer choices ( select1)Subsidy the planDo not subsidy the plan Inconclusive. Need more information to make a decision2) Explain your selection on the previous question.3) Write out the null and the alternative hypotheses that the manager is testing in this example.4) The manager is not satisfied with the accuracy of the confidence interval (16.35%; 18.12%). What are the options to increase the interval’s accuracy (at the same confidence level)? (Mark all that correspond) Group of answer choices (choose all that correspond) Increase the sample size Use a smaller multiple (critical value) Use a larger multiple (critical value) Reduce the sample size5) What sample size should they collect to build a 95% confidence interval with a margin of error of 2 percentage points? Use 18% as an estimate for the proportion.Problem 2 ContextA vendor of a software product claims that their new program/app called Algebrawithout Tears greatly enhances the understanding of key mathematical conceptsamong school students. They approached the Anne Arundel County School Districtwith the suggestion that the program be adopted in county schools and integratedinto the curriculum. While the program—which runs on PC/Mac/iPad—has a verynice user interface, it is expensive. There is a $100,000 purchase fee, and an annualmaintenance license cost of $12,000. The county wants to know what the effect ofadopting this program will be on student outcomes. They are aware that somestudents are already using the program (on personal licenses) and collect data fromthree schools. The data is described below:Score: (Dependent Variable) Aggregate score on math exams over the last year (outof 400)Income: Family income in dollarsUse: Whether software has been used for at least 12 months (1 if yes/ 0 if no)School: School attended (identified as A, B, or C)Age: Student age (in years)The categorical variable School, is recoded using two dummy variables (School_A =1 if School = A, and 0 otherwise; School_B = 1 if School = B, and 0 otherwise). Theregression output is given below. ( I have attached it below as exhibit 1) 6) State the multiple regression equation.7) What is the interpretation of the coefficient of Income?8) The p-value for the School_A indicates (please choose the most appropriate answer)9) Should the school district adopt Algebra without Tears and integrate it into the curriculum? Explain.10) What would you expect the math score to be of a girl who is 7 years old, does not use the software in class, goes to school C, and has a family income of $80 thousand? Group of answer choices (choose one below) That School A is not useful explaining Score, given the other variables in the model That School A is a useful predictor That School A provides good math education That School A is statistically different from School BProblem 3 Context: I am Ulysses Uncle Ulysses operates a small business: he produces three types of houses to sell to people wanting to get back to nature. Based on your discussion with your uncle you construct the following table based on your understanding of his weekly availability of labor. Item Profit Fabrication Assembly Painting CratingBirdhouse $15 1 2.5 1 0.25Doghouse $35 1.25 1.5 0.5 0.5Outhouse $58 1.75 4 2 0.75Capacity 30 hours 50 hours 20 hours 20 hoursBased on the information in the table, you formulate the problem as a linear program. The labor needed for fabrication, assembly, painting, and crating is all dedicated solely to each function, i.e., none of the workers have been cross-trained. The Excel sensitivity report is shown below. ( I have attached a screenshot as exhibit 2)11) The optimal production quantities for each product are (round to two decimals): Birdhouses: Doghouses: Outhouses:12) The maximum weekly profit that Uncle Ulysses can make is $ (round to two decimals.)13) Which additional resources would you recommend that Uncle Ulysses try to obtain? (Mark all that correspond) Group of answer choices (select all the correct ones that apply) paint assembly fabrication crate14) Suppose Uncle Ulysses is required by contract with the American Birding Association to make one birdhouse each week. How would this affect his profits?Group of answer choices (select 1)Profits would decrease by $17.15.Profits would increase by $15.Profits would increase by $0.00. Profits would decrease by $1E + 30.15) Uncle Ulysses feels that his prices are too low, particularly for his birdhouses. How much would he have to charge for his birdhouses before it is profitable for him to make and sell them?Group of answer choices (choose 1)$15.00$32.15$47.15 $17.1516)Some kiddos in the neighborhood have started to make and sell their own doghouses. To stay competitive Uncle Ulysses is considering lowering the price of his doghouse, which would reduce the profit per doghouse from $35 to $25. If he does, what would be the effect on this bottom line (total profit)? (select 1 correct answer)It is not possible to say with the information provided. His total profit will stay the same. His total profit will decrease by $153.80. His total profit will decrease by $10. 17) Uncle Ulysses' available hours for crating have fallen from 20 hours to 15 hours because of a new "one-hour nap time" rule for this five-year-old worker. How will this affect his profits?Group of answer choices (select 1 correct answer)Profits will decrease by $7.69.Profits will not change.Profits will increase by $7.69. Profits will decrease by $12.31.18) Uncle Ulysses can obtain an additional 10 hours of painting capacity free of charge by training his helper monkey to paint. If he did this, how would his profits be affected?Group of answer choices (select 1 correct answer)Profit would increase by $6.92.Profits would decrease by $20.Cannot tell from the information provided. Profits would increase by $1.58.19) Uncle Ulysses is planning for next spring, and he is considering making only two products. Based on the results from the linear program, which two products would you recommend that he make?Group of answer choices (Choose 1 correct answer) birdhouses and outhousesdoghouses and outhousesHe should continue to make all three. birdhouses and doghouses20) Your sister is willing to help your uncle with fabrication after school for one hour, three times a week. She wants to get paid $15 per hour of work. What is your recommendation for Uncle Ulysses? Group of answer choices (choose 1)Hire her. Hire her for painting. Don't hire her. Cannot make a recommendation with the information provided.Problem 4 Context: Level 9The management at Level 9 (the best ski clothing shop) is trying to decide the size of its order for women ski parkas. Depending on the amount of snow fall in the region, the demand will vary and the the payoff will be different.The following table summarizes the payoffs the company expects to receive under each scenario. Heavy Normal LightProbability 0.3 0.5 0.2Large 10 7 -1Medium 7 8 3Small 2 3 521) What order size should Level 9 select based on the maximax criterion?Group of answer choices (Select 1 right answer)MediumSmall Large22) What order size should Level 9 select based on the maximin criterion?Group of answer choices (select 1 right answer)MediumLarge Small23) Complete the regret table.Order size Heavy Normal LightLargeMedium Small24) What order size should Level 9 select based on the minmax regret criterion?Group of answer choices (select 1 correct answer)LargeMediumSmall25) What order size should Level 9 select based on the expected value criterion?Group of answer choices (select 1 correct answer)SmallLarge Medium26) What is the expected value of the recommendation based on expected value criterion?27) What is the expected value of perfect information?