STAT 1008 Assignment One Question 1 (a) The main purpose of statistics is that when the size of the population is not manageable, a sample of manageable size should be drawn from the population. While we are ultimately interested in some numerical aspect of the population, we also hope that some numerical aspect of the sample would reflect the numerical aspect of the population that we are interested in. Thus, there is no need to use census. (b) Stratified sampling is recommended. Stratified sampling is commonly used in the scenario described in the assignment spec.
An effective planning, scheduling and cost control system allows us to improve our efficiency in a wide array of areas. Good planning and scheduling allows us to have better pre-job meetings by developing a “Master Construction Plan” and enables us to make estimating a more exact science. We are better able to manage our projects when labor demands and equipment schedules are pre-determined. All these things will help to hold us all more accountable in a post-job meeting by providing invaluable constructive feedback. This is needed and essential to our success but is dependent upon our ability to assimilate correct information.
b) Explain why you should respond positively to changes in products or services. It is important to respond positively to changes in products or services because it is likely it will increase your business turnover. A company will want to review its services and products so that it keeps up to date with the expectations of its customers. This will ensure the company can stay competitive and meet its targets and objectives. c) Identify ways of responding positively to
There is difficulty in determining forecast turning points that are, from increasing to decreasing sales. Opportunities and suggestions The opportunities that Kudler has in terms of technology include improved loyalty and profitability of customers, which results from various marketing strategies. Another opportunity for Kudler involves customer purchase behavior patterns. These patterns are recognized through the current system and would help Kudler refine its processes and offerings to best satisfy its valued customers. It is vital for Kudler to continue reviewing and improving its information system to ensure its appropriateness to the changing characteristics and needs of its customers.
We also feel that we can improve quality as well. Continuous improvement is based on the Deming model of Plan, Do, Check, Act. The hard part is planning, because that is where we must recognize an opportunity to improve the product. Remember, however, that we have good people, human resources is our strength. We must put some money into research & development in order to leverage this strength for improved quality, by encouraging innovation and implementing innovations to continuously improve both our products and our processes.
The sooner that company Q can anticipate and foresee what products are more in demand the sooner the company will be able to create a better profit margin, establish a good working relationship with the customer, and achieve a favorable public and consumer perception. The problems that face Company Q today are not unlike those that face many companies throughout the country. The difference is that company Q has the opportunity to repair the public perception, learn from the error of their ways, and develop new strategies to increase their profit margin, establish community relations, and achieve a good public
Lean’s solution provides benefits to outsourcing buyers. They include:  Providing great value because the outsourced supplier can complete the work more efficiently and with higher quality Giving the supplier more flexibility to craft a better solution. Some suppliers use formal outsourcing models, which limits their flexibility. Focusing the supplier’s attention on the value the customer is looking for. By working backwards from the end state of the customer’s value, the supplier is able to design the process and then drive to that value.
Using this tactic allows management to get the most out of each employee for a better workforce. When an employee is armed with a better understanding of his or her strengths and weaknesses, they are in a better position to find a career that is truly rewarding. The contents in this research paper will explain the attributes and faults of my Keirsey style EFSP. ESFP: The Performer After completing the Keirsey self assessment, I found that my Keirsey type was ESFP (Extrovert, Sensation, Feeling, Perceiving). Being an extravert, I have the need to be sociable and tend to be energized by talking to and working with people which is true for me.
Just like the employees at Air Devils Inc needed interventions implemented to help with stress reduction, interventions are vital for organizations. The employees at Air Devils Inc can definitely benefit from training in effective conflict resolution techniques because the simulation outlined the way employees were struggling with effectively interacting with one another. They can also benefit from interventions that can help to modify the team structure. Implementing flexible work schedules can also decrease stress in the workplace and contribute to improving organizational performance. To help employees handle the conflict and stress of the work schedule many organizations have adopted guidelines that allow alternate shifts and schedules (Jex & Britt, 2008).
What should the management’s next steps be in (a) making further Lean improvements, and (b) in the implementation of Lean? Before making further lean improvements, WECO should recognize current condition of Lean. Lean improvement and implementation of lean was generally successful in two fields. On one hand, Weco built an excellent management team and selected proper tools and approaches that are applicable to the poor performance. On the other hand, this management team had a specific goal of reducing waste and achieved it by using correct actions.