QM 520
Walsh College
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Case Study explained
- Exam (elaborations) • 7 pages • 2023
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Family transportation costs are usually higher than most people believe because those costs include 
car payments, insurance, fuel costs, repairs, parking, and public transportation. We asked twenty 
randomly selected families in four major cities to use their records to estimate a monthly figure for 
transportation costs. 
Action: 
Use the following data and ANOVA to test whether there is a significant difference in monthly 
transportation costs for families living in these cities. Use signi...
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QM 520 case study 1 and 2 ,100 % verified spring 2023spring 2023
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QM 520 case study 1 and 2 ,100 % verified spring 2023
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QM 520 Case Study 2 - 100% VERIFIED
- Case • 7 pages • 2023
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PROBLEM 1 - Family Transportation Costs 
Situation: 
Family transportation costs are usually higher than most people believe because those costs include 
car payments, insurance, fuel costs, repairs, parking, and public transportation. We asked twenty 
randomly selected families in four major cities to use their records to estimate a monthly figure for 
transportation costs. 
Action: 
Use the following data and ANOVA to test whether there is a significant difference in monthly 
transportation co...
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QM 520 Case Study 2 (5:11).
- Case • 2 pages • 2023
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Action 
Perform a correlation and regression analysis to predict CCI using household income. Discuss the 
following: 
a. Scatter Diagram 
Looking at Table 5, you can see a positive trend forming showing that the higher the CCI gets the 
higher the median household income becomes. 
b. R, R2 and 1-R2 
Using the data from table 6: 
Multiple R = 82.9% 
R square = 68.8% 
1-R square = 1-0.688 =
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QM 520 Case Study 2 PROBLEM 1 - Family Transportation Costs
- Case • 7 pages • 2023
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PROBLEM 1 - Family Transportation Costs 
Situation: 
Family transportation costs are usually higher than most people believe because those costs include 
car payments, insurance, fuel costs, repairs, parking, and public transportation. We asked twenty 
randomly selected families in four major cities to use their records to estimate a monthly figure for 
transportation costs. 
Action: 
Use the following data and ANOVA to test whether there is a significant difference in monthly 
transportation co...
Too much month left at the end of the money?
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QM520 Case Study 1 Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado.
- Case • 10 pages • 2023
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Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships 
Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing 
down. 
Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to 
grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 barrel = 2 standard kegs = 4,032 ounces) 
with sales exceeding $6.5 million. 
Action: 
Using the attached MS Excel Workb...
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QM 520 Case Study 2.PROBLEM 1 - Family Transportation Costs
- Case • 7 pages • 2023
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PROBLEM 1 - Family Transportation Costs 
Situation: 
Family transportation costs are usually higher than most people believe because those costs include 
car payments, insurance, fuel costs, repairs, parking, and public transportation. We asked twenty 
randomly selected families in four major cities to use their records to estimate a monthly figure for 
transportation costs. 
Action: 
Use the following data and ANOVA to test whether there is a significant difference in monthly 
transportation co...
-
QM 520 - Case Study 1: Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. Complete Solution.
- Case • 10 pages • 2023
- Available in package deal
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PROBLEM 1 
Situation: 
Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships 
Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing 
down. 
Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to 
grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 barrel = 2 standard kegs = 4,032 ounces) 
with sales exceeding $6.5 million. 
Action: 
Using the ...
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QM 520 - QUIZ 1 ALL QUESTIONS. PLUS ANSWERS. ALL 100% CORRECT.
- Exam (elaborations) • 58 pages • 2021
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QM 520 - QUIZ 1 ALL QUESTIONS. PLUS ANSWERS. ALL 100% CORRECT. 
standard deviation of $5,000. What is the probability that a randomly selected individual with an MBA degree 
will get a starting salary of at least $47,500? 
Select one: 
A. 0.0668 
B. 0.0798 
C. 0.4332 
D. 0.4499 
Feedback 
The correct answer is: 0.0668 
A numerical value used as a summary measure for a sample, such as sample mean, is known as 
Select one: 
a. Population Parameter 
b. Sample parameter 
c. Population mean 
d. Sampl...
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