StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Discussion Board - Essay Example

Cite this document
Summary
Discrete data can be counted by finite numbers which cannot be further divided into meaningful information. For example, we can record that number of damaged shipments but we cannot measure the parts…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Discussion Board
Read Text Preview

Extract of sample "MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Discussion Board"

MGM600-0803B-02 Applied Managerial Decision-Making - Phase Discussion Board Information that can be characterised into a group is called discrete data. Discrete data can be counted by finite numbers which cannot be further divided into meaningful information. For example, we can record that number of damaged shipments but we cannot measure the parts damaged in the shipment. Discrete data cannot be further divided into smaller units to have a better understanding of the information. Discrete data is typical finite whole numbers.

A defect cannot be described as half a defect. A population data is a discrete data because it involves the count of people and including them into various categories (Karthik, 2003).On the other hand, continuous data is the information that can be calculated using scale or continuum. Continuous data comprises all types of numerical and it can be subdivided to have a better understanding into units and sub units depending on the accuracy required for a measurement. Discrete data gives input whether a variable is good, bad, on or off while continuous data can be measured in time, size, length, width, cost and temperature.

Money, time and temperature are continuous data. For example, when we measure a slab of equal size, slabs that do not comply with the specifications will be put aside and this would be discrete data because slabs are separated because it is not as per the specifications. Since the data is collected to measure the slabs of specific size, it is continuous data. This example involves the measure of continuous data but discrete data forms a part of it (Karthik, 2003, Continuous Data). The American Heart Association encourages the reduction of fat in food available in restaurants, bakers and in packaged form.

The association basically promotes safe food and oil consumption and has set up the 1-800 numbers for consumers to clear their doubts about food safety thereby promoting healthy eating habits (American Heart Association Calls on the U.S., 2007).Some of the commonly asked question is advice on changing the snack eating habits of obese children. This question received at 1-800 was put up at SUNY Upstate Medical University Health Connections who suggested the child should be taken to the primary care provider since the child may have basic health problems which should be checked.

If it is a case of general condition, parents are referred to avail information from Mayo Clinic through the online Health library of CNN. This is a discrete date because obesity of the child cannot be measured but can be called as obese (Are Evening Snacks OK? 2008).Consumers also have doubt whether snacks can be consumed by diabetic patients. 1-800 gave the answer that snacks are essential for certain diabetes on particular medications or insulin. A person consuming mixed insulin regimen are likely to feel that a snack after breakfast allows blood glucose level to stay balanced and prevents hypoglycemia in the interval between lunch and breakfast.

Some diabetes may feel that a snack in the afternoon prior to their routine exercise will maintain the blood glucose level at the required standards. However certain diabetes have a craving to have a snack but they do not wish to increase their blood sugar level. In these circumstances, low carbohydrate snacks that do not affect the blood sugar levels may be consumed. Some of low carbohydrate snacks are two cups of popcorn, half a cup sugar free pudding, six ounces of yogurt, half turkey sandwich on whole wheat bread and one cup berries and half cup low fat cottage cheese (Lara Rondinelli, 2008.). This is a continuous data because the blood sugar level of diabetes can be measured and corresponding quantity of low carbohydrate snack can be consumed.

In this case both blood sugar as well as amount of carbohydrates can be measured.Certain customers have used the 1-800 numbers to ask about the availability of a branded snack. The number responded that the snack can be found at convenience stores and grocery vendors. Sometimes the particular brand will not be available at a store due to the lack of shelf space and demand of customers that restrict the vendor from stocking the product. The 1-800 also answered that in case the customer is unable to locate the product, a call could be made to a particular Customer Service number to know the nearest store that stock the snack (Tom’s Snacks Co.

Frequently Asked Questions). This question and answer is an example of discrete variable because the 1-800 numbers could only respond whether the particular brand snack is available and where it is available. 1-800 has not answered the number of stores where it is available though it has given the option of calling the customer service to locate the nearest store in times of non available. Since this case does not relate to any number at the preliminary response, this is a care of discrete data.

Queries with continuous variable are preferred because the response to questions can be specific and it will help in the future statistical research related to the particular question.ReferencesAmerican Heart Association Calls on the U.S. to Pay Attention to the Bad Fats, Trans and Saturated. April 10, 2007. Retrieved from http://www.pr-inside.com/american-heart-association-calls-on-r88966.htm. Accessed: August 29, 2008Are Evening Snacks OK? May 6, 2008. Retrieved from http://www.9wsyr.

com/content/kids_challenge/story.aspx?content_id=495fdd23-3a83-4e04-8c84-3568fdd2cbd9. Accessed August 29,2008.Karthik, B. July 7, 2003. Continuous Data. Retrieved from http://www.isixsigma.com/dictionary/Continuous_Data-96.htm. Accessed: August 29, 2008.Karthik, B. July 7, 2003. Discrete Data. Retrieved from http://www.isixsigma.com/dictionary/Discrete_Data-226.htm. Accessed: August 29, 2008.Lara Rondinelli . April 14, 2008. Healthy Snacks and Sweet Treats. Retrieved from http://www.dlife.com/dLife/do/ShowContent/inspiration_expert_advice/expert_columns/rondinelli_april08.html. Accessed August 29, 2008.

Tom’s Snacks Co. Frequently Asked Questions. Retrieved from http://www.tomsfoods.com/faq.asp. Accessed: August 29, 2008.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Essay”, n.d.)
MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Essay. Retrieved from https://studentshare.org/miscellaneous/1547945-mgm600-0803b-02-applied-managerial-decision-making-phase-1-discussion-board
(MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Essay)
MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Essay. https://studentshare.org/miscellaneous/1547945-mgm600-0803b-02-applied-managerial-decision-making-phase-1-discussion-board.
“MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Essay”, n.d. https://studentshare.org/miscellaneous/1547945-mgm600-0803b-02-applied-managerial-decision-making-phase-1-discussion-board.
  • Cited: 0 times

CHECK THESE SAMPLES OF MGM600-0803B-02 Applied Managerial Decision-Making - Phase 1 Discussion Board

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 3 Discussion Board 2

The test uses the F distribution and can handle any number of factors, but the researcher often is interested only in a few (Doane, Analysis of Variance (ANOVA) Phase-3(DB2) MGM600-0803B-02: applied managerial decision-making Analysis of Variance (ANOVA) Phase-3(DB2) An ANOVAtest is a technique for analyzing the variances in multiple populations to check they have similar distribution and hence an equivalent mean.... applied Statistics in Business and Economics....
2 Pages (500 words) Essay

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 3 Individual Project

For instance, mgm600-0803b-02 applied managerial decision-making - phase 3 Individual Project The chi-square test is conducted to examine whether the standard deviation of a population or sample is equal to the predetermined value of standard deviation.... This is applied in a case while testing a new process and when a firm wish to know if the new method is less variable than the old one....
2 Pages (500 words) Essay

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 4 Group Project

In the end, mgm600-0803b-02 applied managerial decision-making - phase 4 Group Project mgm600-0803b-02 applied managerial decision-making - phase 4 Group ProjectTitus Rock ManickamOrder No.... 24115720 September 2008MGM600-0803B-02 applied managerial decision-making- Phase 4 Group ProjectIntroductionThere are many multivariate techniques....
2 Pages (500 words) Essay

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 4 Individual Project

At such times, correlation allows a manager to assess how the two mgm600-0803b-02 applied managerial decision-making Phase 4 Individual Project Name of the Student Subject Name of the Concerned Professor September 27, 2008 Applied Managerial Decision-Making While studying the characteristics of a series involving only a single variable, which is generally referred to as univariate distribution, one is often required to confine oneself to the measure of central tendency, its variation, skewness, etc....
2 Pages (500 words) Essay

MGM600-0803B-02 Applied Managerial Decision-Making - Phase 4 Discussion Board

One of these frequently utilized tools is the regression analysis which simply put, is the determination of relationship between or among variables.... An… tor wanting to know the effects of price increase in the demand for a certain product or the inflation in the price level will be benefited through the use of this technique....
2 Pages (500 words) Essay

MGM630-0804B-04 Applied Managerial Marketing - Phase 2 Discussion Board

The affects of a brand are very noticeable, as it provides companies with better recognition and much higher revenues.... This report aims at understanding the role of marketing in society and for the… Also the factors which influence the marketing decision making are also discussed within this report....
4 Pages (1000 words) Essay

MGM624-0901A-01 Applied Accounting for Decision-Making - Phase 1 Discussion Board 2

When the variable costs increase by 15%, the variable cost per unit becomes $115. Thus the increase in the variable costs has increased the… Hence it is essential to cut down the variable costs in order to lower the break even point. In the case of JTI, the best possible method to lower the break even point is to increase the price of the luggage sets, as JetSet Travel Inc Accounting For Decision Making Setara Number: XXXXX of XXXXXX 16 January 2009Total Number of Words: 832 wordsPhase 1 – Task 3Scenario:JTI's annual fixed cost for the luggage line is $500,000 and variable cost per luggage set is $100, whereas the selling price is $300....
2 Pages (500 words) Essay

MGM625-0903A-01 Applied Finance for Decision-Making - Phase 3 Discussion Board 2

The weighted average cost of capital deals with the cost and the applied Finance for Decision Making Discuss with the head of strategic planning how using more debt can impact a firm's capital structure.... Discuss the trade-offs between incremental IPO proceeds and debt financing....
2 Pages (500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us