If the company produces 400 refrigerators at a time, what would the total annual setup cost and holding cost be?
July 15, 2019
which of the following is a discovery technique for generating ideas?
July 15, 2019

This week, we cover the central tendency, which includes mean, median and mode.  Choose a scenario below, or one that better fits your career path:

•As the accountant, you are asked to provide data on salaries for the staff members (from receptionist to CEO).  Would the mean salary be the best representation of this data, please explain?

•As an IT call center representative, you are asked to analyze data from the past 6 months calls and technical issues that were reported.  As you analyze, you look at the mode, would this be the best central tendency analysis to provide to your supervisor listing the top 3 technical issues, please explain?

•As a medical facilitator, you are asked to analyze data from the past years patient visits.  As you analyze, you look at the median wait time before seen by a physician.  Would the median be the best representation of the wait time, please explain?

•As a graphic designer, you are asked to provide data on the software that has been used in projects over the last 6 months.  The company is about to upgrade, but has a limited budget, but wants to upgrade the software used more frequently.  As you analyze, you look at the mode, would this be the best central tendency analysis to provide to the owner, please explain?

 

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•As the accountant, you are asked to provide data on salaries for the staff members (from receptionist to CEO). Would the mean salary be the best representation of this data, please explain? was first posted on July 15, 2019 at 9:33 am.
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