Doncouse_Jeremy_Week3_BusinessPerspectives

Doncouse_Jeremy_Week3_BusinessPerspectives - Jeremy...

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Jeremy Doncouse MGMT313 Week 3, Chapter 4 Problems 4, 11, 19, 21, 22, 25, 27, 31, 35, 37 4) Business perspective. To understand the outcomes of an experiment one must have an understanding of the probabilities of that experiment. If you toss a coin three times what are the outcomes? Those are listed in the answer to the homework problem. But, that is just an example. What if someone wanted to test the affects of a drug on someone or a product on a process? The experimenter needs to know what are the possibilities first and then he or she will be able to predict some of the outcomes. 11) Business perspective. Wearing a seatbelt while in a moving vehicle is the law in most states. If the results of the survey are accurate the NHTSA can give recommendations to law enforcement as to how many officers need to be on the road to catch the law-breakers. Also, the NHTSA would be able to get the results, alter their ad campaigns, and resurvey to see if the new ads had any effect on the results. 19) Business perspective. A sporting goods store would probably be quite interested in knowing
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Doncouse_Jeremy_Week3_BusinessPerspectives - Jeremy...

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