Correlation means causation | Statistics homework help

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  • Debate the following statement: “Correlation means Causation.” Determine whether this statement is true or false, and provide reasoning for your determination, using the Possible Relationships Between Variables table from your textbook.
  • Biddle and Hamermesh (1990) built a multiple regression model to study the tradeoff between time spent in sleeping and working, and to look at other factors affecting sleep:

Sleep = β0 + β1 totwrk + β2 educ + β3 age + ε

where sleep and totwrk (total work) are measured in minutes per week and educ and age are measured in years. Suppose the following equation is estimated:

Sleep = 3500 – 0.15 totwrk – 11.20 educ + 2.29 age + ε

  • Discuss what would happen to someone’s sleep if they choose to work more.
  • Analyze whether the factors of totwrk, educ, and age are enough factors to explain the variation in sleep. Explain which additional factors should be explored in order to explain the variation in sleep. Provide your reasoning.

Control Procurements

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Your company successfully implemented procurement planning and conducting processes. Several contracts were recently executed, and you need to suggest monitoring activities that will ensure expected vendor performances. In addition, a few old contracts will expire soon, and management has no intention to renew them. They asked you to suggest contract closure activities that will ensure orderly contract closure and exit from existing vendor relationships.

Watch the following videos, and answer the questions that will be used in the future use for developing vendor monitoring and contract closure processes:

https://www.youtube.com/watch?v=x7h8nG4g8-c
https://www.youtube.com/watch?v=9k68_q5ClMg

After watching the videos, answer the following questions to prepare for a discussion about the vendor monitoring and contract closures processes. Your answers should be an analysis presented in the form of a minimum 3-page report to the department manager.

1.  How do vendor management metrics help organizations hold vendors accountable?
2.  Should vendor-auditing metrics be specific or vague?
3.  What are typical performance metric types?
4.  Is buyer-imposed delay a procurement delay?
5.  How many of the contractual parties are engaged in unilateral contractual modifications?
6.  Is misspelling an example of bilateral contract modification?
7.  Can a contract be terminated for convenience?
8.  What is an example of contract dispute types?
9.  During which project management life cycle process procurement teams perform the close procurement process?
10.  What is the name of the contract procurement dispute that is settled within a court system and overseen by judge?
11.  What are the reasons for early termination of a contract?
12.  Which contractual party (or parties) has the right to terminate a contract?
13.  What tools and techniques can be recognized during the close procurement process?

elasticities and market structure 3

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The board of directors at AutoEdge is actively discussing several options to address flagging revenue. One option continues to surface during each board meeting; that is, relocating the manufacturing operation back to the United States. Longtime Chief Financial Officer, Ingrid Adams, leads the group that is in favor of this option.

Ingrid Adams approaches you in the company break room.

“Hello,” she says. “I’m glad I saw you.”

“Hi,” you say. “What can I do for you?”

“I have a question about economics,” she says. “I think you can help me explain something to some shareholders on the board.”

“Economics! My favorite subject,” you say. “What’s your question?”

“If AutoEdge decided to increase its prices and return to the United States,” she says, “how would this action affect consumer demand? I want to know your opinion about elasticity.”

“Sure,” you say. “So you want to know if the elasticity for auto parts is considered to be relatively inelastic, relatively elastic, unitary elastic, perfectly elastic, or perfectly inelastic. Right?”

“Exactly,” she says.

“I have an opinion,” you say. “Do you want to talk about it now, or do you want something in writing?”

“Something in writing would be best,” she says. “Would you explain your opinion so that I can respond to questions from other members of the board, too?”

“I’d be glad to,” you say. “I’ll put something together this afternoon and get it to you before I leave today. Is that soon enough?”

“Perfect,” she says. “Thanks for your help.”

Primary Task: 400-600 words

 

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The letter package assignment scenario (read carefully)

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Your Assignment involves a combination of research and writing. You are the marketing director for Snyder Software based in your hometown and your company is considering overseas markets for the company’s language translation software. Your boss Anne Snyder has asked you to research potential overseas markets, research effective communication strategies in your proposed country, summarize your research and results in a memo to her, and finally draft a letter to a potential distributor in the country you have identified as a viable market.

You will choose a country that you believe will be a good overseas market for your company’s language translation software (you may choose any country that is of interest to you). Your international research begins with learning about the country, how business writing is conducted, and what expectations are for correspondence with a potential distributor in that country. 

Part I – Memo Scenario:

Anne Snyder, President of Snyder Software, has asked you to research overseas markets for the language translation software program the company produces. She wants you to choose a viable country for distributing the product, explain why it is a viable country, and the best ways to communicate with business professionals in the country you selected. She wants you to draft a letter to a prospective distributor in that country for her review.  

Snyder has asked you to present your research in an organized, focused memo to her. She has asked that you clearly outline the research you conducted, the sources you reviewed, the information you gathered, and the criteria needed to correspond effectively with the overseas market – what business writing etiquette is specific to the country you chose? How are those business writing expectations addressed in your draft letter?

The memo to Snyder should be 350–500 words. The memo should include at least two viable references using APA format and citation style. Put your references on their own page following your memo to Snyder. 

  • Identify the country you selected for distribution of the software and why it is a viable market.
  • Outline the research you conducted to identify the viable country and to learn how to communicate in writing to the potential distributor.
  • Include the sources reviewed for your research in your memo to Snyder, both using in-text citations and on a references page following the memo.
  • Include information you gathered using a combination of summary, paraphrase, and limited direct quote from your sources.
  • Explain the criteria and cultural considerations used to draft the letter. 

Part II – Letter Scenario:

Part 2: Prepare a letter of introduction to send to a fictitious distributor within the country you researched introducing yourself, your company, your product, your interest in working with them, and why they should be interested in distributing your product. You will make up the name of the distributor and the contact person. Make certain your letter meets the cultural expectations of the country you selected based on your research. Research letter writing format expectations in your country of choice – business practices vary, so do your research!  

In your draft letter to the prospective distributor:

  • Introduce yourself, your company, and your product to meet the cultural expectations of the country distributor (see useful resources provided below).
  • Explain your interest in working with that distributor.
  • Explain why the distributor will be interested in distributing your product.
  • Address the cultural expectations relevant to the country you chose.

Your letter package submission (memo, references, and draft letter) will demonstrate your ability to research, summarize that research, document the research (remember your APA citations and referencing from the Discussion), and prepare additional documents based on information gathered and cultural literacy. 

Your letter package will include the memo to Snyder, your list of references cited in the memo, and the requested draft of the letter. Remember to check your punctuation, spelling, and grammar before submission. Follow the Rubric to ensure a passing grade.

Useful Resources:

International Business Etiquette, Manners, & Culture. Retrieved from http://www.international-business-etiquette.com/  

You have a few attachments to use as an example. Please do not use these as they are in the TURNITIN System and will be checked.

Acceptable references:

Primary (original sources) written by experts in the field of study

Secondary sources supported by research in primary sources

Credible sources (experts in the area of study)

Peer Reviewed journal articles are REQUIRED

Educational/university websites (edu) may be appropriate

.gov and .org are usually okay, but be careful

TURNITIN MUST BE UNDER 15%