managing data 6499407 2

There are many solutions today that can help organizations reduce their need for an in-house MIS for decision making or at least provide better storage solutions. With the amount of data that organizations collect and utilize, they need to consider all of the available options to ensure that the system will perform according to expectations.

Another thing that you need to consider when it comes to MIS and decision-making systems is that when inaccurate or incomplete data is entered, you will get bogus results. This is also known as garbage in, garbage out (GIGO). You need to be sure to review all of the data for accuracy before any decisions are made that will affect the organization. A failure to review could result in analysts making critical decisions based on faulty data.

 

Respond to the following:

  • With the technology available today, could organizations get to a point where they could let the computers (information systems) generate decisions instead of managers? If yes, do you think you would truly trust the decisions the computer generated? Why or why not?
  • Cloud computing has come into the marketplace over the past few years. What are some advantages of using a cloud-based solution? Would this be something your past or current organization could utilize? Why or why not?
  • You have learned that the data utilized should align with the outcomes for which the business is striving. What if the data does not align with the business outcomes? What potential issues could this cause in terms of making an informed decision? Explain.
  • You have examined making informed decisions based on the data with the information system. Once an organization starts utilizing an information system or decision-making system, can that organization become dependent upon it for all the answers? If the systems go down, will the organization still be able to make decisions or will everything be put on hold? Explain your answer using examples to illustrate your ideas.

 

Write your initial response in 300–500 words. Apply APA standards to citation of sources.

 

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Use a Monte Carlo simulation in MS Excel to simulate 1 month (26 days) of operation to calculate

I need to know the equations for the below information, there is more information on the attached document

  1. Use a Monte Carlo simulation in MS Excel to simulate 1 month (26 days) of operation to calculate monthly profit. Replicate this simulation for 156 days, 312 days, 624 days, and 936 days to calculate average monthly profit.
  2. You are looking to expand production to see if you can increase profits by baking 55, 60, 65, and 70 batches per day. On a separate tab of the same spreadsheet, use Scenario Manager to create a scenario summary for each batch.

 

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Short Paper: Hedging Foreign Currency Risks

Instructions

For this task, you will analyze the financial statement of a specific multinational company and summarize its hedging strategies.

To complete this assignment, review the Module Four Short Paper Guidelines and Rubric document.

Please focus on rubric and every points as required.

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spc problem – Custom Nursing Help

Excel file with the data for the three questions.

Piston rings for an automotive engine are produced by a forging process. We wish to establish statistical control of the inside diameter of the rings manufactured. Twenty-five samples, each of size five, have been taken to analyze the process. The inside diameter measurement data from theses samples are shown in the following table:
Fifteen additional samples from the piston ring manufacturing process were collected after the control charts were established. The data from theses new samples are shown in the following table:
You are the newly appointed assistant administrator at a local hospital, and your first project is to investigate the quality of the patient meals put out by the food-service department. You conducted a 10-day survey by submitting a simple questionnaire to the 400 patients with each three meals, asking that they simply check-off that the meal was either satisfactory or unsatisfactory. The results are:

Observations

1

2

3

4

5

Mean (X)

Range (R)

1

74.03

74.002

74.019

73.992

74.008

74.010

0.038

2

73.995

73.992

74.001

74.011

74.004

74.001

0.019

3

73.988

74.024

74.021

74.005

74.002

74.008

0.036

4

74.002

73.996

73.993

74.015

74.009

74.003

0.022

5

73.992

74.007

74.015

73.989

74.014

74.003

0.026

6

74.009

73.994

73.997

73.985

73.993

73.996

0.024

7

73.995

74.006

73.994

74.000

74.005

74.000

0.012

8

73.985

74.003

73.993

74.015

73.998

73.999

0.030

9

74.008

73.995

74.009

74.005

74.004

74.004

0.014

10

73.998

74.000

73.990

74.007

73.995

73.998

0.017

11

73.994

73.998

73.994

73.995

73.990

73.994

0.008

12

74.004

74.000

74.007

74.000

73.996

74.001

0.011

13

73.983

74.002

73.998

73.997

74.012

73.998

0.029

14

74.006

73.967

73.994

74.000

73.984

73.990

0.039

15

74.012

74.014

73.998

73.999

74.007

74.006

0.016

16

74.000

73.984

74.005

73.998

73.996

73.997

0.021

17

73.994

74.012

73.986

74.005

74.007

74.001

0.026

18

74.006

74.010

74.018

74.003

74.000

74.007

0.018

19

73.984

74.002

74.003

74.005

73.997

73.998

0.021

20

74.000

74.010

74.013

74.020

74.003

74.009

0.020

21

73.988

74.001

74.009

74.005

73.996

74.000

0.021

22

74.004

73.999

73.990

74.006

74.009

74.002

0.019

23

74.010

73.989

73.990

74.009

74.014

74.002

0.025

24

74.015

74.008

73.993

74.000

74.010

74.005

0.022

25

73.982

73.984

73.995

74.017

74.013

73.998

0.035

What is the value of and ?
Construct -charts and R-charts for this problem. Is the process in control?

Observations

1

2

3

4

5

Mean (X)

Range (R)

26

74.012

74.015

74.030

73.986

74.000

74.009

0.044

27

73.995

74.010

73.990

74.015

74.001

74.002

0.025

28

73.987

73.999

73.985

74.000

73.990

73.992

0.015

29

74.008

74.010

74.003

73.991

74.006

74.004

0.019

30

74.003

74.000

74.003

73.986

73.997

73.998

0.017

31

73.994

74.003

74.015

74.020

74.004

74.007

0.026

32

74.008

74.002

74.018

73.995

74.005

74.006

0.023

33

74.001

74.004

73.990

73.996

73.998

73.998

0.014

34

74.015

74.000

74.016

74.025

74.000

74.011

0.025

35

74.030

74.005

74.000

74.016

74.012

74.013

0.030

36

74.001

73.990

73.995

74.010

74.024

74.004

0.034

37

74.015

74.020

74.024

74.005

74.019

74.017

0.019

38

74.035

74.010

74.012

74.015

74.026

74.020

0.025

39

74.017

74.013

74.036

74.025

74.026

74.023

0.023

40

74.010

74.005

74.029

74.000

74.020

74.013

0.029

Is the process now in control? What conclusion can we make?

Day

Unsatisfactory meals

Sample size

1

74

1,000

2

39

1,100

3

64

1,050

4

86

1,000

5

35

1,078

6

50

950

7

65

1,141

8

70

988

9

67

750

10

75

1,010

Total

625

10,067

Construct a p-chart based on the questionnaire results.
What comments can you make about the results of the survey?

Note: in the attachment you will find an Excel file with the data for the three, please use the attachment for questions
 
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