Quantitative Research Methods Quantitative means quantity which implies that there is something that can be counted. Quantitative research has been defined in many ways. It is the kind of research that involves the tallying‚ manipulation or systematic aggregation of quantities of data (Henning‚ 1986) John W. Creswell defined quantitative research as an inquiry into a social or human problem based on testing a theory composed a theory composed of variables‚ measured with numbers‚ and analysed with
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problem of degeneracy arise in a transportation problem? How can we deal with this problem? 4. Give the various sequencing models that are available for solving sequential problems. Give suitable examples. 5. A company has determined from its analysis of production and accounting data that‚ for a part number KC-438‚ the annual demand is equal to 10‚000 units‚ the cost to purchase the item is Rs 36 per order‚ and the holding cost is Rs 2/unit/pear Determine a. What should the Economic Order Quantity
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this is the affected variable. Then the X-axis is the independent variable which affects the other variable (Argyrous‚ 2005). Once the scatter graph has been plotted the direction‚ correlation and the strength of the correlation can be analysed. Analysis becomes a lot more intensive after the data has been collected (Thomas‚ J.R‚ 2005). The correlation can be positive or negative and is represented as a numerical figure. This decimal figure ranges from -1 to +1 (Hosker‚ 2008) When the figure is
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A silver dollar is flipped twice. Calculate the probability of each of the following occurring: (a) a head on the first flip (b) a tail on the second flip given that the first toss was a head (c) two tails (d) a tail on the first and a head on the second (e) a tail on the first and a head on the second or a head on the first and a tail on the second (f) at least one head on the two flips Susan Williams has been the production manager of Medical Suppliers‚ Inc.‚ for the past 17 years.
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DESCRIPTIVE STATISTICS & PROBABILITY THEORY 1. Consider the following data: 1‚ 7‚ 3‚ 3‚ 6‚ 4 the mean and median for this data are a. 4 and 3 b. 4.8 and 3 c. 4.8 and 3 1/2 d. 4 and 3 1/2 e. 4 and 3 1/3 2. A distribution of 6 scores has a median of 21. If the highest score increases 3 points‚ the median will become __. a. 21 b. 21.5 c. 24 d. Cannot be determined without additional information
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ADMINISTRATION QUANTITATIVE METHODS FOR MANAGEMENT OM 551 Class Schedule: Wed / or Thurs: 8:00- 11:45 &13:00- 16:30 DR. TAQI N. AL-FARAJ E-MAIL: tagi@kfupm.edu.sa Telephone: 860-2724 Mobile: +966506847529 Introduction Quantitative Methods for Management‚ also known as Management Science‚ is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors. Most traditional quantitative management courses
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Qualitative Versus Quantitative Research There has been a large amount of complex discussion and argument surrounding the topic of research methodology and the theory of how studies should push forward. Majority of this debate has centered on the issue of qualitative versus quantitative study. Different methods become popular at different social‚ political‚ historical and cultural times in our development‚ and‚ both methods have their strengths and weaknesses. The researcher and/or the culture
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What according to you is a BPO? BPO stands for Business Process Outsourcing. When a company decides to outsource some of its non-core work processes to another company with expertise in it‚ it is called Business Process Outsourcing. What are the different types of BPOs? BPOs can majorly be divided into following categories based on the jobs they perform: a.) Administrative Department b.) Purchase Department c.) Selling Department d.) Call Centre e.) Back Office Why do companies outsource
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Quantitative & Qualitative Research COMPARISON OF QUANTITATIVE AND QUALITATIVE RESEARCH METHODS Introduction This paper compares and contrasts qualitative and quantitative research methods in three basic areas. These are the of their: epistemological foundations‚ data collection methods‚ and data analysis methods. The paper ends with a brief summary of the primary points made. Comparison Gall‚ Borg and Gall (1996) discuss several similarities and differences between qualitative and
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Quant Formula Study Guide MISCELLANEOUS‚ COMMONLY USED FORMULAS Finite population correction factor: Multiply SE of sample mean by fpc to make the correction ------------------------------------------------- Independent samples of same population with same standard deviation (variances are equal). Confidence interval: df for t-multiple is (df1 + df2)‚ or (n1 – 1) + (n2 - 1) Pooled estimate of common standard deviation: SE of difference between two sample means -------------------------------------------------
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