Hypothesis Tests for Two Samples Humanities Assignment Help

Problem 1

Jacobs Manufacturing produces a popular custom accessory for pick-up trucks at plants in Huntington, WV and Bakersfield, CA, and ships them to distributors in Dallas, Texas; Chicago, Illinois; Denver, Colorado; and Atlanta, Georgia. The plants in Huntington, and Bakersfield have, respectively, the capacity to produce 3,000 and 4,000 units per month. For the month of October, costs of shipping a carton of 10 units from each plant to each distributor are summarized in the following table:

Each distributor has ordered 1,500 units of Jacobs’ product for October and 2,000 units for November.

In any month, Jacobs can send each distributor up to 500 units more than they have ordered if Jacobs provides a $2 per unit discount on the excess (which the distributor must hold in inventory from 1 month to the next).

Question 1

Formulate the LP model to determine the least costly transportation plan for October. (It is highly recommended that you draw the network to assist you in the process of formulating the problem.)

• Define decision variables.
• Formulate objective function.
• Determine and formulate all constraints.

Question 2

Given that November demand exceeds production capacity for the same month, it is imperative that additional units get produced and shipped in October. How can you modify your formulation to determine the least costly production and transportation plan for October and November simultaneously? (It might help to revisit your drawn network and add nodes and arcs as necessary.)

The small brewer is trying to understand consumers preference. Some of them prefer light beer, and others prefer regular beer. They believe that gender, marital status, annual income level and age might be useful in discriminating between these two groups.

Below you can find the logistic regression output on a sample of 100 customers. The variables used in the regression analysis are:

Light 1 if customer prefers light beer, 0 otherwise (dependent variable)

Gender 1 if customer is male, 0 otherwise

Married 1 if customer is married, 0 otherwise

Income customer’s income in dollars

Age customer’s age in years

1) State the logit equation based on the regression results. (Round coefficients to four decimal places.

2)What is the overall accuracy of the model? That is, percentage of correct predictions.

3)How many times did the model predict that a customer preference was light beer, but it was not?

4) Based on the results, what variables are statistically significant in predicting customer’s beer preference?

• Write a 3-part, 750–1500-word in-depth analysis in which you assess the feasibility and profitability of launching a product in a foreign country. The importance of a thorough analysis to determine the feasibility of launching a product in a new market abroad cannot be overstated. A careful consideration of such factors as cultural communications, global organizational structures and hierarchies, negotiations, and international business ethics is vital to the success of market expansion ventures.SHOW LESSBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
  • Competency 1: Analyze cultural communications that affect international business.
    • Describe the cross-cultural communication issues that could result from differences in the social, political, and legal structures and hierarchies of a foreign country and those of the United States.
  • Competency 2: Evaluate patterns of global organizational structure and hierarchies.
    • Describe the social, political, and legal structures and hierarchies of a country relevant to market expansion.
    • Compare the social, political, and legal structures and hierarchies of a country to those of the United States.
  • Competency 3: Analyze the role of international business culture in the negotiation process.
    • Propose a company management structure suitable for business operations abroad, based on the business culture of the host country.
  • Competency 4: Assess the feasibility of business operation in other countries.
    • Assess market potential, considering the market situations of 2–3 competitors.
    • Determine the price for a product in a competitive market.
    • Propose an international business strategy for launching and promoting a product.
    • Identify the key fiscal considerations that might affect profitability.
    • Evaluate potential barriers to entry into a foreign market.
    • Describe the key considerations for conducting production operations abroad.

  Competency Map

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  Context

  On a daily basis, there are articles in the major business publications (for example, the Wall Street Journal) about global production and logistics, and there is a wide range of orientations for those articles. Some will describe companies that have established highly efficient and successful global production and logistics capabilities. Other articles might describe issues (sometimes major issues) businesses face in this context, such as due to the government of one country nationalizing a corporation, or due to some other major country-specific issue (for example, a government being overthrown). Such events can obviously have tremendous impact on businesses with global operations, including potentially shutting down major portions of the company’s production and logistics.SHOW LESSAs but one of many simpler (but significant none-the-less) examples of how global production and logistics can impact a company, there were numerous business media articles in the fall of 2012 about how Apple was experiencing product shortages associated with its otherwise successful iPhone 5 launch. One such shortage was alleged to be due to Apple switching suppliers (within Asia) and the new supplier not being able to meet Apple’s demand (Campbell, 2012).But despite the controversies and challenges, a large number of medium and large companies continue to pursue global production and logistics because of the significant potential benefits. Companies and their customers can benefit from the expertise of other organizations in other parts of the world. There can be government policy benefits as well. There are countries that prohibit selling products within their geographical boundaries unless the product is in some way manufactured or assembled there. BlackBerry has addressed that in certain countries by establishing assembly operations within those countries as part of their global production and logistics, thus enabling them to sell their products in more countries.

  Reference

  Campbell, M. (2012, September 24). Apple’s lightning connector shortage blamed in supplier change, poor production yield rates. Retrieved from http://appleinsider.com/articles/12/09/24/apples_l…

• Write a 250–500-word analysis in which you examine the issue of currency exchange and the risks associated with changes in the exchange rate.Fluctuations in currency exchange rates can have significant effects on business costs, asset values, and profitability. Therefore, it is important for managers to be familiar with exchange rates and currency considerations and to understand the risks involved in currency exchange.SHOW LESSBy successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
  • Competency 4: Assess the feasibility of business operation in other countries.
    • Analyze the exchange-rate-based value of selling goods in the United States exported from a different country.
    • Explain how changes in the exchange rate would affect profitability for exports from a different country to the United States.
    • Identify risks related to changes in the exchange rate from a management perspective.

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  Context

  Given the very wide range of complex topics associated with globalization, the issue of monetary systems might seem small. However, as is readily apparent, it can have a dramatic impact on a company’s operational and financial success, and thus is actually a vital topic.SHOW LESSConsider a U.S. business manager involved with a supplier in Argentina. At present, the inflation rate in the United States is relatively low, while the inflation rate (at least the unofficial and more widely accepted rate) is fairly high. If the U.S. business manager negotiates a contract to purchase products from Argentina in pesos (at prevailing prices in Argentina), the U.S. business will likely be impacted by inflation, since the price paid for the products would increase faster than in the United States. By contrast, if the U.S. business manager negotiates contracts to be paid in U.S. dollars (at prevailing prices in the United States), the U.S. business might be more insulated from Argentina’s inflation. However, the supplier in Argentina might perceive that as unfair, since they could potentially sell their product within Argentina at prices increasing more rapidly.As a more extreme example, also using Argentina to illustrate the point, Argentina for many years had their peso tied 1:1 to the U.S. dollar. That turned out to be unsustainable (contributing to a financial crisis in Argentina in 2001), and Argentina had to abruptly remove that tie and let the peso float on the international market. That abrupt change caused massive issues for businesses located within Argentina, as well as for foreign companies doing business in Argentina. As an example, depending on how various contracts were set up, some businesses faced an overnight quadrupling of prices.