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Jimks Company Analysis - Assignment Example

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The assignment under the title "Jimks Company Analysis" states that cost figures have been given to two decimal places. From the data provided, the cost of silver from the metal Direct Company is always higher than the cost incurred from Rockstone Company. …
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Jimks Company Analysis
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Download file to see previous pages It is mentioned that in order to design the spreadsheet model, a graph of the cost of silver from both companies during the month and a spreadsheet for each company. From the spreadsheet model, it is clear that the company would order silver Rockstone Company. The company is selected because of the relatively low cost. The total monthly cost of silver from Rockstone Company is 113.67 while the total cost of silver from the Metal Direct Company is 116.66. The graph illustrates the relationship between the cost of silver and the number of orders for the two companies.
For example, the cost of silver for four orders is 35.08 from the Metal Direct Company and 34.18 from the Rockstone Company. The fluctuation in prices can be explained by the value-added tax charged for each order.
The attached file provided information in regard to dimensions, weights of materials used. The file also provides information in regard to order, total weight, cost of silver, VAT charged and total cost per month.
The data provided shows that there is a moderate agreement between management team opinion and industry expert opinion with r=0.5636. the number of trips is the factor which mostly influences the estimated safety when using the transport system. The relationship can be estimated using the model below;
Smith and Jones Company provided data on Transport Company with respect to Transport Company which provides a Light Rail Transport system in an urban area. The company is interested in know the level of agreement between management team opinion and industry expert opinion in regard to priority in spending. The company also provided survey data to investigate factors that mostly influence how safe customers feel when traveling on the service.
In order to determine the level of agreement, spearman’s rank correlation coefficient is used. The options re-listed and values assigned with respect to each option as per the two groups. the difference in the value of an opinion is obtained and then squared. The spearman's Rank correlation coefficient is 0.5636.  ...Download file to see next pagesRead More
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