Scenario Analysis: Promotion
You volunteer some of your spare time to your local fire department and have been asked by an assistant chief to analyze data on firefighters who applied for promotion. The assistant chief wants to ensure that gender bias is not a concern in the promotion of firefighters. Shown below is data for 50 firefighters who applied for promotion and the results of a chi-square analysis of the data.
|
|
Male
|
Female
|
|
Promoted
|
13
|
22
|
|
Not Promoted
|
10
|
5
|
|
Chi-Square Statistic
|
3.6845
|
|
P value
|
0.054919
|
1. What factors should the assistant chief consider in determining the presence of gender bias in firefighter promotion?
2. Is the promotional status of recently promoted firefighters independent of their gender?
3. What reasons should the assistant chief convey to the fire chief to justify the absence of gender bias in the most recent class of firefighters who were promoted?
4. How might the presence of gender bias in promotions impact the fire department?
For additional details, please refer to the Scenario Analysis Guidelines and Rubric document in the Assignment Guidelines and Rubrics section of the course.
https://researchbasics.education.uconn.edu/anova_regression_and_chi-square/
Scenario Analysis: Printing Equipment
The owner of a small printing company is considering the purchase of additional printing equipment to expand her business. If the owner expands the business and sales are high, projected profits (minus the cost of the equipment) should be $90,000; if sales are low, projected profits should be $40,000. If the equipment is not purchased, projected profits should be $70,000 if sales are high and $50,000 if sales are low.
1. Are there options other than the purchase of additional equipment that should be considered in making the decision to expand the business?
2. If the owner is optimistic about the company's future sales, should the company expand by purchasing the equipment?
3. Is the owner's optimism or pessimism about sales the only factor that may impact the company's profits?
4. The equipment to be purchased is known in the industry to have a useful life of five years. How might this impact the printing company?
For additional details, please refer to the Scenario Analysis Guidelines and Rubric document in the Assignment Guidelines and Rubrics section of the course.
https://www.public.asu.edu/~kirkwood/DAStuff/decisiontrees/index.html
https://web.archive.org/web/20140808023036/https://www.pm-primer.com/decision-tree-risk-analysis/
https://www.mindtools.com/dectree.html
1-2-page double space Time New Roman Font. APA citation.
Attachment:- Assignment.rar