1 / 10

Sample Quantitative Questions Chapter 1

Sample Quantitative Questions Chapter 1. Ted Mitchell. # 1 Calculate the Output. From a single point of observed input and conversion rate Each week your coffee shop has 20 servers working and sales are happening at a rate of 60 cups per server.

ayame
Download Presentation

Sample Quantitative Questions Chapter 1

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Sample Quantitative QuestionsChapter 1 Ted Mitchell

  2. # 1 Calculate the Output • From a single point of observed input and conversion rate • Each week your coffee shop has 20 servers working and sales are happening at a rate of 60 cups per server. • What is the sales volume of cups sold each week? • Quantity sold = (conversion rate, r) x Input • Quantity sold = (60 cups per server) x 20 servers • Quantity sold = 1,200 cups each week

  3. # 2 Calculate the Conversion rate • From a single point observed input and output • You used 25 radio spots for advertising last week and you sold 1,200 cups of coffee. • What is the rate at which radio spots are being converted into cups sold or the rate of cups per spot? • Output = conversion rate, r x Input • 1,200 cups = conversion rate x 25 radio spots • Conversion rate, r = Q/Spot = 1,200 cups/25 spots • Conversion rate, r = Q/Spot = 48 cups per radio spot

  4. # 3 Calculate the Input • From a single point of observed conversion rate and output • Your coffee shop sold 1,200 cups of coffee last week. Experience has taught you that you normally sell 12 cups per hour. • How many hours was your cafe open last week? • Quantity sold = conversion rate, r x Input • 1,200 cups sold = 12 cups per hour x Hours • Hours open = 1,200 cups/12 cups per hour • Hours open = 100 hours

  5. The Two-Factor Machine is an identity • Output = (conversion rate, r) x Input • Know Two, Calculate the Third

  6. #4) Comparing performance • You have Two Coffee shops • Coffee shop #1 has a staff of servers who sell an average of 60 cups per week • Coffee Shop # 2 has a staff of servers who sell an average of 56 cups per week • Coffee shop #1 has a better performance than shop #2. • True or False or not enough information?

  7. #4 Comparing Two Performances

  8. #3 Comparing Two Performances

  9. #3 Comparing Two Performances Do NOT use conversion rates or ratios as standalone performance metrics!

  10. Any Questions? • There are lots of potential qualitative questions in chapter 1

More Related