Practical Business Analysis Essay Example for Free

Practical Business Analysis Essay 1. Re-do all problems in Practice Problem Set 1. 2. Dollar Car Rental Co. was originally named Dollar a Day Car Rental because they charged $1.00 per day to rent a car, plus a charge per mile driven. Many customers complained that the odometers on Dollar’s cars recorded more miles than were actually driven. To evaluate these complaints you take a random sample of 6 Dollar’s cars, drive them on a carefully measured 100-mile course, and record the miles driven as registered by the odometers. The results are 100, 105, 109, 102, 107, and 101, with the sample standard deviation around 3.578. a. Using these sample results, construct a 95% confidence interval for the population mean miles recorded by all Dollar cars for a 100-mile trip. b. As a legal consultant hired by the group of the customers who complained about the odometers, do you have enough evidence to support your clients’ claim? State your hypotheses (H0 vs. Ha), rejection region and both statistical and substantive conclusions. 3. The grades on the final examination given in a large organic chemistry class are normally distributed with a mean of 72 and a standard deviation of 8. The instructor of this class wants to assign an â€Å"A† grade to the top 10% of the scores, a â€Å"B† grade to the next 10% of the scores, a â€Å"C† grade to the next 10% of the scores, a â€Å"D† grade to the next 10% of the scores, and an â€Å"F† grade to all scores below the 60th percentile of this distribution. For each possible letter grade, find the lowest acceptable score within the established range. 4. The weekly demand for General Motors car sales follows a normal distribution with a mean of 40,000 cars and a standard deviation of 12,000 cars. a. There is a 5% chance that GM will sell more than what number of cars during the next week? b. What is the probability that GM will sell between 20 and 23 thousand cars during the next week? 5. A department store is interested in the average balance that is carried on its store’s credit card. A sample of 40 accounts reveals an average balance of $1,250 and a standard deviation of $350. a. Find a 95% confidence interval for the mean account balance on this store’s credit card. b. What sample size would be needed to ensure that we could estimate the true mean account balance and have only 5 chances in 100 of being off by more than $100? 6. A marketing research consultant hired by Coca-Cola is interested in determining the proportion of customers who favor Coke over other soft drinks. A random sample of 400 consumers was selected from the market under investigation and showed that 53% favored Coca-Cola over other brands. a. Compute a 95% confidence interval for the true proportion of people who favor Coke. Do the results of this poll convince you that a majority of people favor Coke? b. Suppose 2,000 (not 400) people were polled and 53% favored Coke. Would you now be convinced that a majority of people favor Coke? 7. BatCo (The Battery Company) produces your typical consumer battery. The company claims that their batteries last at least 100 hours, on average. Your experience with the BatCo battery has been somewhat different, so you decide to conduct a test to see if the companies claim is true. You believe that the mean life is actually less than the 100 hours BatCo claims. You decide to collect data on the average battery life (in hours) of a random sample and the information related to the hypothesis test is presented below. Use this information to answer the following questions. a. You believe that the mean life is actually less than 100 hours, should you conduct a one-tailed or a two-tailed hypothesis test? State your alternative hypothesis. b. If you use a 5% significance level, would you conclude that the mean life of the batteries is typically more than 100 hours? State the rejection region and calculate the test statistic. c. If you were to use a 1% significance level in this case, would you conclude that the mean life of the batteries is typically more than 100 hours? Explain your answer. 8. Q-Mart is interested in comparing customer who used it own charge card with those who use other types of credit cards. Q-Mart would like to know if customers who use the Q-Mart card spend more money per visit, on average, than customers who use some other type of credit card. They have collected information on a random sample of 38 charge customers and the data is presented below. On average, the person using a Q-Mart card spends $192.81 per visit and customers using another type of card spend $104.47 per visit. Use the information below to answer the following questions. a. Given the information above, what is [pic] and [pic] for this comparison? Also, does this represent a one-tailed or a two-tailed test? Explain your answer. b. Using a 1% level of significance, is there sufficient evidence for Q-Mart to conclude that customers who use the Q-Mart card charge, on average, more than those who use another charge card? Explain your answer. 9. Suppose that you were asked to test H0: ÃŽ ¼ = 10 versus Ha: ÃŽ ¼ 10 at the [pic] = 0.05 significance level and with a sample of size n = 10. Furthermore, suppose that you observed values of the sample mean and sample standard deviation and concluded that H0 be rejected. Is it true that you might fail to reject H0 if you were to observe the same values of the sample mean and standard deviation from a sample with n 10? Why or why not? 10. Stock-market analysts are keenly interested in determining what factors influence the price of a stock. After some examination, a statistician hypothesized that a stock price (Y in $) would be affected by its quarterly dividends (X1 in $), its price/earnings ratio (X2), and the interest rate of treasury bills (X3 in %). The values of the relevant variables were observed for a period of 40 quarters. When the data were run on STATGRAPHICS PLUS, the accompanying printout was created.

Belize Logistics Essay -- Belize

The history of Belize dates back thousands of years. The official name of the territory was changed from British Honduras to Belize in June 1973. â€Å"The current government of Belize took form when they declared their independence in 1981. This government is headed by the Queen of the United Kingdom, Queen Elizabeth II, who is acting head of state. The Queen is represented by a Governor General due to her having to reside in Great Britain. The Governor General is the true authority in power; however, he does not officially run the government that is led by the Prime Minister and his cabinet. Currently in the Senate there are 12 members, plus the President of the Senate. The Governor General appoints 6 senators on advice of the Prime Minister, 3 on advice of the leader of the opposition, one member on the advice of the Belize Council of Churches and Evangelical Association of Churches and two other members from two separate organizations.† (http://www.islandflave.com/caribbean-politics/615-belize-politics) â€Å"Belize has a public-private economy with tourism as the number one foreign exchange earner followed by exports of marine products, citrus, sugar, bananas, and garments. Agriculture currently provides some 71% of the country's total foreign exchange earnings, and employs approximately 29% of the total labour force. Belize has a viable fishing industry. Belize's fisheries are exploited for commercial, as well as for subsistence purposes, and are one of the most heavily exploited natural resources. In an effort to maximize the benefits obtained from the fishing industry, while ensuring its long-term viability, fisheries managers are promoting an expansion in production through diversification of this resource base. Belize's fishin... ...m/Does-Donts.htm http://articles.cnn.com/2006-11-30/travel/if.you.go_1_belizean-belikin-beer-dos?_s=PM:TRAVEL http://www.customs.gov.bz/traveller.html http://belize-guide.info/travel.basics/customs/ http://www.voyage.gc.ca/countries_pays/report_rapport-eng.asp?id=29000 http://www.belizefirst.com/MoneyandBankinginBelize.htm http://gocentralamerica.about.com/od/belizeguide/p/BelizeSafety.htm http://www.paradisepath.com/belize_safety.htm http://www.belizedistrict.com/tips.html#safety http://belize.com/medical-care-in-belize.html http://www.guidetobelize.info/en/yellow-pages/belize-health-care-medical-current-guide.shtml http://www.fco.gov.uk/en/travel-and-living-abroad/travel-advice-by-country/north-central-america/belize http://www.islandflave.com/caribbean-politics/615-belize-politics http://www.islandflave.com/caribbean-politics/615-belize-politics

Medical Tourism Promotional Action Plan

Promotional Action Plan Medical Tourism Marvin Wilcox Saint Leo University Our marketing plan for 2013 will focus on several mediums that are aimed at providing detailed information on the company and services provided, reaching new targets and offering incentives to previous clients and maximizing exposure. Five venues were chosen to take full advantage of our budget of $100,000 . The following is a synopsis of each venue: 1. Building a website 2. YouTube videos 3. Social Media 4. Mass Mailing 5. Local Business Networking with AmbassadorAction Plan #1 * Action Item:A fully functioning professional website based in the U. S with search engine optimizing (SEO) at a cost of $25,000 to be implemented March 1, 2013. * Objective:With 87% of travelers using the internet for a bulk of their travel planning, medical tourism needs to take advantage of this opportunity to capture consumer attention. Increasing our search engine optimization (SEO) makes it more likely that someone will find you r business online. This will be our broadest advertising measure targeting that 87%. Description:Our website will be equipped with a language translator with languages relevant to the geographic chosen. The website will present a strong brand by stating who we are, why we are better and the quickest means of contact. It will also present testimonials to provide credibility and build familiarity and trust based relationships. * Target Market:250 million underinsured Americans and the 20% of 250 million Americans that have pre-existing conditions. in addition to the 750,000 Americans that already travel abroad for medical and dental services.Also the 38% of Americans that is open to health care abroad. * Metric:For the first 90 days of the website, we expect further inquiries of 35% of all site visitors, 50% registration to a free monthly newsletter and 68% of those visiting partnered tourism sites to be redirected. Action Plan #2 * Action Item:Monthly uploads to YouTube beginning Mar ch 1, 2013 in support of the official website. The service is currently free of charge. * Objective:To convey credibility through video testimonials consisting of 3-5 min in length.To present information about tourism, the forgotten half of medical tourism and to create familiarity and confidence through a personal connection. * Description:The videos will show satisfied and happy clients reporting the variance in cost between domestic and international medical procedures and how the money saved can be used towards vacationing in the same locale. Also, the videos will contain information about destinations, things to do, restaurants and attraction to enjoy the full experience of being abroad. Target Market: The 92% of consumers around the world that say they trust recommendations from family and friends above all other forms of advertising. The 85% of 30- to 50-year-olds and 51% of 65- 75-year-olds that are active social media users. * Metric:The method will be proven successful if we receive booking from 20% of the viewers. Another measure is for 65% of the viewing public follow the link to the official website and 50% of that number result in hard inquires, bookings or subscribers to the newsletter. Action Plan #3 Action Item:We will engagement potential clients on a personal level via Skype. The service will cost $168 for one year of unlimited international use. * Objective:To make potential customers feel they are receiving individualized and attentive care by a brand they can trust before they even step a foot in a hospital. Also, it is important to us to strengthen relationships and trust. This will provide a light consultation with professional to provide answers and resources for some the most frequently asked questions. Description:This medium provides presence or the availability and willingness of our professional to communicate. We will use it for high quality of voice and especially for its free PC to PC service. Other supporting features include video conferencing, SMS, voicemail, long distance conferencing and inexpensive calls during travel. * Target Market: There are 500 million Skype users worldwide with 40 million users logged on during peak hours. Our target market are generally individuals between 45-65 who have a medical need for surgery and are looking to save money by travelling abroad.The secondary target is those that request a face to face question and answer session via Skype and have been redirected by our website. * Metric:Optimization will be recognized when 25% of site visitors and 5% of peak users request a professional consult session and of that number a minimum of 25% booking. Action Plan #4 * Action Item:Our firm will engage in local business networking with ambassadors. This service requires hiring two individuals specializing in international tourism and medical administration at a total of $75,000 per year. Objective:To facilitate procurement of visas, booking travel and airport pick up and drop of f. We also wish to broker consultations with professionals, accommodate for post-operative recuperation and arrange travel insurance. * Description:Our ambassadors will be responsible for networking with travel agencies, medical and dental professionals and insurance companies. They will act as liaisons on behalf of the firm to foster relationships with supporting organizations. Their main goal is to streamline the process of informing and preparing a client for participation in our program.They will also develop a working relationship with local medical professionals for redirection of the underinsured. * Target Market: There are 2466 travel agencies in Virginia available for a mutually beneficial cooperation of professionals. Also, healthcare providers seeking to lower costs by 80%-90% in India or 50%-70% in the middle-east. * Metric:Realization of our efforts acceptable when sales from networking opportunities for the period of one year reach 6 times the cost of the action item. Action Plan #5 Action Item:We will run a direct mailing campaign with promotional rewards for referrals and a budget of $1500 to begin March 15, 2013. * Objective:We will attract customers by introducing our company, informing the public of our products and services, generate customer loyalty and make sales. Offer invitations to visit a local office, official website or webinar of our firm. Finally, we will offer discounts on first time bookings and referrals. * Description:Our firm will conduct our direct mailing through USPS.The main visual content will be of a popular Asian or Middle-Eastern vacation resort and a medical professional in uniform. We will offer a message of physical recovery in peaceful fun surroundings. The emphasis of the material will focus more on the vacation aspect than the medical procedures therefore inscriptions referencing entertainment and amenities will be larger than those concerning medical practices. Also, the material will include a picture of a gro up of Westerners (Americans and Europeans) in ordinary middle class attire to symbolize the affordability of our products and services. Target Market: Primary for this venue will be ordinary working Americans with a median income of $60,000 yearly, adequately to slightly under-insured between the ages of 45-65. Secondary for this venue are those with ongoing medical issues that travel abroad at least once every 5 years with incomes upward of $100,000. * Metric:Progressive indicators will be an increase in call volume, website visits and return request forms for more information. The expected result is a 10% verifiable response volume that results in either referrals or bookings.

Biology Biome and DNA Identification Process - 1767 Words

DNA forensics is a division of forensic science that focuses on the use of genetic material in criminal investigation to answer questions pertaining to legal situations, including criminal and civil cases. Through DNA testing, law enforcement officers are able to identify human remains or the individual responsible for a crime. DNA testing is a highly advanced scientific process that involves replicating the human DNA sequence to create a genetic map of an individual. Because of its reliability, DNA testing has become a significant factor in criminal cases. However, it has also been identified as having the potential to violate privacy and constitutional rights. The DNA identification process consists of five stages. These five stages†¦show more content†¦Of course, prokaryotic reproduction is limited because cells eventually exhaust their nutrient supply, accumulate metabolic wastes, or are consumed by other organisms. Eukaryotic cells are typically much larger than those o f prokaryotes. They have a variety of internal membranes and structures, called organelles, and a cytoskeleton composed of microtubules, microfilaments, and intermediate filaments, which play an important role in defining the cells organization and shape. Eukaryotic DNA is divided into several linear bundles called chromosomes, which are separated by a microtubular spindle during nuclear division. Nuclear division is often coordinated with cell division. This generally takes place by mitosis, a process that allows each daughter nucleus to receive one copy of each chromosome. In most eukaryotes, there is also a process of sexual reproduction, typically involving an alternation between haploid generations, wherein only one copy of each chromosome is present, and diploid generations, wherein two are present, occurring through nuclear fusion (syngamy) and meiosis. Eukaryotes have a smaller surface area to volume ratio than prokaryotes, and thus have lower metabolic rates and longer gene ration times. Biological diversity, also known as biodiversity, describes the huge variety of species found on Earth and the natural way in which ecosystems and communities are formed. In the past few centuries, humans have had an especially negativeShow MoreRelatedDna Essay1090 Words   |  5 PagesDNA in Forensic Science DNA is the genetic blueprint for life because it contains the instructions that oversee the development of an organism. Taking samples of DNA and analyzing them to determine if they come from the same individual is known as DNA profiling. Investigators gather items such as hair, saliva, semen and blood that could contain DNA from a crime scene. DNA profiling is also used in paternity testing, victim identification and evolution research. 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