MGT 310-At this point, the analyst determined that if it takes more

MGT 310-At this point, the analyst determined that if it takes more


Subject: Business    / Management    

Question

    The information below applies to problems 19 to 21.

    At this point, the analyst determined that if it takes more contacts to reach a customer before a sale is made, the efficiency and profitability of the sales agent will be reduced. One of the managers at Avalon brought up the fact that one reason for lowered overall sales might be the lack of motivation and drive on the part of the sales agents.

    In an effort to explore the profitability issue, the company wants to determine if over the past 3 years the average number of contacts required to write a purchase order has increased? What statistical technique would be used?
    a.    Regression
    b.    Analysis of Variance
    c.    Crosstabs

2.44 points
QUESTION 20

    What would be the F value and p value for the appropriate test?
    a.    T = 2.35 and p = .075
    b.    F = 63.63 and p = .000

2.44 points
QUESTION 21

    How many average contacts did it take in the three consecutive years of 2002, 2003, 2004?
    a.    1.94, 2.92, 4.10
    b.    2.48, 2.93, 3.62

2.44 points
QUESTION 22

    This material applies to problems 22 and 23.

    Someone popped up with the question, “ For the women working outside of the home (that is, not all cases), is there a significant difference in the average number of contacts based on the time of day that a sale is made? Basically, the manager wanted to know if there was a “best time of day to attempt to reach working women”.

    What is the statistical value and the p value for the appropriate test of hypothesis?
    a.    Chi Sq = 22.3 and p = .000
    b.    t = 5.6 and p = .000
    c.    F = 32.13 and p = .000

2.44 points
QUESTION 23

    Which time of the day has the fewest number of average contacts required to reach working women?
    a.    Morning
    b.    Afternoon
    c.    Evening

2.44 points
QUESTION 24

    This information applies to problems 24 to 30.

    Another question was raised by management, “As the years pass, is that having an effect on the time of day that the sale is being made”? (REMEMBER TO SWITCH BACK TO ALL CASES)
    a.    Regression
    b.    Analysis of Variance
    c.    Crosstabs

2.44 points
QUESTION 25

    What would be the appropriate statistical values for the test?
    a.    

    F = 8.13 and p = .001
    b.    Chi Square – 44.82 and p = .000
    c.    

    Chi Square = 53.469 and p = .000

2.44 points
QUESTION 26

    What is the actual number of sales made in the mornings in 2002?
    a.    35
    b.    55

2.44 points
QUESTION 27

    What would be the expected number of sales in the mornings of 2002 if there was no relationship between year and the time of day?
    a.    29.45
    b.    39.67

2.44 points
QUESTION 28

    What is the actual number of sales made in the evenings in 2004?
    a.    27
    b.    57

2.44 points
QUESTION 29

    What would be the expected number of sales in the evenings of 2004 if there was no relationship between year and the time of the day?
    a.    39.66
    b.    31.33

2.44 points
QUESTION 30

    Based on the results of problems 26 – 29, the following “pattern” in repeatable data can be observed.
    a.    

    As the years are passing, there is no significant change in the number of sales in the differing portions of the day.
    b.    

    As the years are passing, there is a significant increase in the number of sales being made in the morning.
    c.    

    As the years are passing, there is a significant increase in the number of sales being made in the evening.

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