Discuss the advantages and benefits of each of the main data collection methods
What will be an ideal response?
The main data collection methods are mail questionnaires, telephone interviews, face-to-face interviews, and online questionnaires. Mail questionnaires can be used to collect information at a low cost per respondent. Respondents may give more honest answers to more questions in this format than to an unknown interviewer in person or on the phone. Telephone interviewing is one of the best methods for gathering information quickly and it provides great flexibility. Telephone interviewing is also less expensive than face-to-face interviewing. Face-to-face interviews are flexible and allow interviewers to help respondents understand difficult questions. Visual aids can be used, products can be demonstrated, and reactions and behaviors can be observed. Online questionnaires allow the interviewee to be more honest, the costs are greatly reduced, there is no interviewer bias, and reports come back faster.
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Use the function ExpValue, defined below. If you apply this function to the data in the image, where Values = B2:B4, and Weights = A2:A4, what is the value of EV when t=2?
Public Function ExpValue(Values As Range, Weights As Range)
Dim t As Integer, VarCount As Integer, EV As Single
VarCount = Values.Count
EV = 0
For t = 1 To VarCount
EV = EV + Values(t) * Weights(t)
Next t
ExpValue = EV
End Function
a) $25
b) $50
c) $125
d) $225
e) $250
The life expectancy of Timely brand watches is normally distributed with a mean of four years and a standard deviation of eight months. a.What is the probability that a randomly selected watch will be in working condition for more than five years?b.The company has a three-year warranty period on their watches. What percentage of their watches will be in operating condition after the warranty period?c.What is the minimum and the maximum life expectancy of the middle 95% of the watches?d.Ninety-five percent of the watches will have a life expectancy of at least how many months?
What will be an ideal response?
The burden of proof required in a criminal case is
a. clear and convincing. b. a preponderance of the evidence. c. beyond a reasonable doubt. d. highest degree of honesty.
Connor complained to his fellow division manager, "Amber, our company is bogged down with cumbersome bureaucratic requirements. We must convince our executive leadership that we need to act fast to meet customer needs and to respond to other outside pressures! We need to correct past mistakes quickly and prepare for an uncertain future! We must respond to threats and capitalize on opportunities! We must place a premium on ________!"
A. agility B. delegation C. size D. TQM E. formalization