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Assignment Solutions, Case study Answer sheets \nProject Report and Thesis contact\firstname.lastname@example.org\nwww.mbacasestudyanswers.com\nARAVIND – 09901366442 – 09902787224\n\nBusiness Statistics\n\n1. The sample data from a research survey conducted in various countries on the amount of time 3-5 year-old children spent alone with their fathers each day is as follows:\n\nCountry Time with Dad (minutes)\n\nBangladesh 30\nBhutan 46\nChina 54\n\nNepal 50\n\nPakistan 46\n\nNigeria 42\n\nKorea 46\n\nRussia 42\n\nIndia 50\n\nFor the above sample, determine the following measures:\na. The mean\nb. The standard deviation\nc. The mode\nd. The 75th percentile\nBased on your calculations comment on the father-children relationship (10 Marks)\n\n2. ‘Prince’ a chaiwala at Mumbai Central station believes that the sales of tea at his tea shop depends upon the weather. He has taken a sample of a week’s data. Below you are given the results of the sample. (10 Marks)\n\nCups Sold Temperature\n350 50\n200 60\n210 70\n100 80\n80 90\n70 100\n50 110\n\na. Which variable is the dependent variable?\nb. Compute the least squares estimated line.\nc. Is there a significant relationship between the sales of coffee and temperature?\ne. Predict sales of a 95 degree day.\n\n3. According to one of the recent study published in an International report, the cost of medical malpractice in the United States is USD 55.6 billion a year, which is approximately 2.4 percent of US annual health-care spending. An earlier research report published in 2011, in the New England Journal of Medicine revealed that, during the period 1991 to 2005, 7.4 percent of all physicians licensed in the US had a malpractice claim. These staggering numbers not only contribute to the high cost of health care, but the size of successful malpractice claims also contributes to high premiums for medical malpractice insurance. The table below contains a sample of data set of claim payments made in a year’s time and other information about the claimant\n\n \n\na. Using descriptive statistics explore claim payment amounts, and identify factors that\nappear to influence the amount of the payment. (5 Marks)\n\nb. Do a correlation analysis between ‘Amount’ and ‘Age’ and interpreted the coefficient\nof correlation.\n\n\nAssignment Solutions, Case study Answer sheets \nProject Report and Thesis contact\email@example.com\nwww.mbacasestudyanswers.com\nARAVIND – 09901366442 – 09902787224\n\n
Ajay has not been performing well in accounts department due to the new system on GST has been implemented in the organization. He is lagging behind in the concepts of GST as well as his communication skills are not as expected. The accounts head of the organization believes in the institution of training and wants to send Ajay for the same. Introduce the concept of training by commenting on the above proclamations. Also, discuss the factors influencing the effectiveness of training. Conclude your answer in a brief way by focusing on the importance of training for any organization (10 Marks)
In reference to the above case explain various kinds of On the Job and Off the Job training methods that can be provided to Mr. Ajay? Also, give concluding remarks by choosing the best method suited in the above scenario? (10 Marks)
Over the years Ajay attended many trainings as well as development programs and really honed his skills. Evaluating his performance over the past few years the department has really been proud of his achievements and he has been identified as key successor in his department.
a) Write down the objectives of succession planning which Ajay’s organization wants to achieve? (5 Marks)
b) Though succession planning has many positive aspects but there are some flip sides to it, explain what could be the demerits of it (succession planning). Conclude by sharing few lines on the failure of succession planning of any organization. (5 Marks)
Dr. Aravind Banakar
9901366442 – 9902787224