Statistics COMPREHENSIVE Essay Example | Topics and Well Written Essays - 1750 words

Statistics COMPREHENSIVE - Essay Example Therefore nominal data where attributes can be ranked but the distance between ranks has no meaning. c. interval data- in this level of measurement the distance between ranks has a meaning, data can be ranked and at the same time the distance has meaning, for example temperature data is interval data where temperature difference has meaning. The average and median calculated has a meaning but ratio calculations have no meaning where one cannot state that 100 degrees Celsius is twice 50 degrees Celsius. d. ratio- in ratio level of measurement the absolute zero value has a meaning, all statistical calculation of central tendencies and dispersion are meaningful, for example data containing number of customers that visit a retail shop, the value zero has meaning and the ratio calculations also has meaning where it can be stated that 20 customers is twice 10 customers. The mean, mode and median are all measures of central tendencies of data; the mean is determined by adding up all the values in a data set and then dividing the number of observations. In the example the value of the mean will 27/8 = 3.375 The Median is the middle value of an ordered data set for odd observations or the mean value of the middle two variables for even observations. In the example the median will be 3 +4 = 7, then 7/2 = 3.5, therefore median = 3.5 Advantage: The median is not affected by

Mass Customization Essay Example | Topics and Well Written Essays - 1000 words

Mass Customization - Essay Example The market is rapidly evolving as well as products; therefore mass customization will provide an effective means of capturing opportunities in e-commerce. Cameron (1998) stated that customers presently require high quality customized products at low prices as well as quicker delivery. It must be noted that mass customization requires an advance form of technology as well must be properly implemented. According to Pine (1993), mass customization markets are fragmented as well as heterogeneous while in mass production, markets are largely homogeneous. This is a key distinction between the two marketing strategies. Some advantages of mass customization include lowering the cost by giving the consumers exceptional value for their money. The producer is also able to make higher profits by giving them a wider market for their products which are tailor made to fit specific customers. Before taking a short in customization, firms must first find out how the desires of various customers diffe r and the important features in a product to customize. Secondly there is need to ensure that mass customization does not hinder supply chain operations. This calls for a vigorous process design to ensure efficient delivery of customized solutions. Finally there is need to minimize choices so that customers find it easy to select products of their preferred tastes. 1. Product Selection. For the purpose of this study I have selected shoes as a product to be customized. Shoe industry in the United States offers a perfect case for customization. 2. Product variables. The various product variables from with different consumers can choose from include; saddle shoes, sandals, skates, sneakers and loafers. 3. Modular components. The modular components which I will have in hand include feather lite cleats, customized sports shoes and multi style modular shoes. 4. Individual customization. This will involve online research on the various types of shoes available in the market. 5. Steps in ma ss customization in the shoe industry (a) The customer reports to the trained sales agent who directs them on the steps to follow after considering his/her request. (b) The sales agent directs the customer to the shopping flour they chose their favorable style, color as well as texture. (c) The customer then proceeds to the next stage where his/her feet are measured using a computer scanner which is located at the store. (d) The actual measurements are sent to the manufacturer via modem. This takes a short time so that manufacturers in other countries can also be reached. This is done by the trained sales agent. (e) The manufacturer goes through the actual specification so as to emerge with the actual design that was ordered by the customer. (f) Delivery to the customer is the final stage to this process and it should as fast as possible. At this final stage, the consumer is also expected to make final payment for the product on top of the deposit he/ she had made earlier. Conclusio n Mass customization has helped many industries in reducing their operational costs as well as production costs. Inventory losses have also been minimized greatly. This can be achieved by limiting the number of styles and sizes upon which the customer choses from. However numerous challenges have also been witnessed such as failure to

Best Topics For A Research Paper 2020

Best Topics For A Research Paper 2020This article discusses best topics for a research paper 2020. The first step is to get an idea of what kind of research you need to do. If you have plenty of time, then you could just plan your own research. However, if you are constrained by time and other commitments, then make use of the Internet.There are so many websites on the Internet that will help you perform the research you need. There are websites dedicated to different subjects, so it is not difficult to find the topics for a research paper 2020. If you browse through the Internet you will see numerous websites about subjects such as: History, Biology, Physics, Genetics, Sociology, or whatever else you need to know. You may find websites that provide information about biology and physics. All of these websites will help you to perform research and have some great tools at your disposal.Once you have selected a topic to research, you will need to figure out how to do it. There are seve ral things you can do. You can either talk to people, conduct a web search, or contact the institution where you will be doing the research. If you talk to people, you will just have to decide what questions you want to answer.If you do a web search for 'research papers', you will have a whole lot of results. You can choose one of the results and fill in the information you need. Then you will have to click on the 'submit' button to complete the submission. To find out what the best topics for a research paper 2020 are, you need to know exactly what you are looking for. Once you have gathered all the information about the subject you want to research, it is time to conduct your research.When you do your research, it will only be possible to find the possible things you need to know. Make sure that you have all the necessary information before starting the research. Do not just start the research right away. Once you have all the required information, you will not have any problems i n conducting the research. This is the most important step. If you do this step right, the entire process of researching for the best topics for a research paper 2020 is very easy.It is also important to conduct research papers in a way that will make you able to avoid wasting your time. In order to avoid wasting your time, make sure that you do not spend too much time doing research. Research should not be complicated. Doing the research correctly will make you know all the answers you need. If the research was done properly, you will have all the necessary information. This is the best topics for a research paper 2020.As you can see, there are different ways of doing research and that is why different people will use the Internet differently. If you are doing your research online, you should find the best topics for a research paper 2020.

College Study Papers for Chemistry Explained

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Private Facts on Canto Inferno Essay Topics Only the Pros Know About

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