Students will choose a public company and then culminate their knowledge of business analytics into one final corporate financial decision document. Based on the research conducted, students will conclude the paper with a reflective analysis of which approach to financial decisions they would select and why, based on the research. Think about the following: 1. … Read more
Simulation models’ purpose is to solve business problems. Simulations are a safe and efficient way to solve real-world issues. Understand the concepts and answer the following: 1. What are some key tools that can be used to create simulation models? 2. What are the advantages and disadvantages of simulation models? 3. Describe the key characteristics … Read more
Shown in Chapters 13 and 14, create your own optimization model in Excel. Think about the following concepts: 1. Decision variables- physical quantities controlled by the decision maker. 2. Objective function- Defines the criterion (reduce expenses, maximize profits). 3. Constraints- These are restrictions on the numerical values, which are assigned to the decision variables. Need … Read more
Optimization models’ purpose is to solve business problems. Analyze three elements of optimization models, objective function, decision variables, and business constraints. Answer the following questions: 1. What are some key tools that can be used to create optimization models? 2. What are the advantages and disadvantages of optimization models? 3. Describe the key characteristics of … Read more
Many states supplement their tax revenues with state-sponsored lotteries. Most of them do so with a game called lotto. Although there are various versions of this game, they are all basically as follows. People purchase tickets that contain r distinct numbers from 1 to m, where r is generally 5 or 6 and m … Read more
For this assignment, you may need to use SPSS or SPSS Modeler. If can be done in just Excel, use that. There are many variables that impact the price of a house in any area. The goal of this project is to see the relationship of the dependent variables on one or several independent variables. … Read more
During these chapters, you will analyze three main concepts of testing data. 1. If you received a random sample size of 345 that is drawn from a population with a mean of 150 and standard deviation of 180. What is the standard deviation of the sample mean? Finally, what does the standard deviation mean in … Read more
1. Create a decision tree analysis for a business. Parts should include multiple decisions with their costs, the chances per nodes, and the cost per node. 2. Finally, provide the expected value (outcome) for each decision. Provide details and explanations. Provide peer-reviewed citations.
Use the information in the book or other sources to complete the following questions: 1. Can businesses use probabilities to improve business decisions in the organization? Please explain with examples. 2. Let’s say you are part of a manufacturing organization, and you want to open another line of business. You received news of three possibilities. … Read more
Search Google Scholar for a “Fortune 1000” company that has been successful in this integration. Conduct a literature review of big data analytics with business intelligence within the Fortune 1000 company you researched. In your literature review, you will include details about the Fortune 1000 company you researched, including its approach to big data analytics with … Read more