Strayer MAT510 2020 January All Weeks Discussions Latest

MAT510 Business Statistics

Week 1 Discussion

Need for Business Improvement

Select one project from the working or educational environment of your choice and specify the main work process (for example, suppliers and customers involved, work flow, et cetera) of the project that you have selected.

Next, suggest at least two actions that a manager can take in order to improve the work process of the project in question.

Provide a rationale for your response.

 

MAT510 Business Statistics

Week 2 Discussion

Business Processes

Per Hoerl and Snee (2012), to eliminate or reduce non-value-added work is a core step in improving profitability or efficiency of the business process.

Give your opinion on whether you agree or disagree with this statement and include one example of a business process which supports or criticizes the aforementioned statement to support your position.

 

MAT510 Business Statistics

Week 3 Discussion

Variation and Statistical Thinking Strategy

Select one project from the working or educational environment of your choice and specify the variation nature of the project in question. Next, propose the overall manner in which you would apply statistical thinking strategy to improve the end result of the selected project. Provide a rationale to support your response.

 

MAT510 Business Statistics

Week 4 Discussion

Statistical Engineering Frameworks

Compare and contrast the fundamental differences between process improvement framework and problem-solving framework. Provide one example of business management applying each framework to support your response.

 

 

 

MAT510 Business Statistics

Week 5 Discussion

Reflection to Date

In the second half of the quarter, we will extend our statistical thinking concepts to practical applications. We will discuss using tools (such as, Excel) for the execution.

Watch Descriptive Statistics Using "Data Analysis" Tool in Excel.

Next, speculate on the overall manner in which you would use tools, such as Excel, to apply a business-critical thinking strategy. Include one example of such application to support your response.

 

MAT510 Business Statistics

Week 6 Discussion

Process Improvement and Problem-Solving Tools

Among the tools (such as graphics tools, knowledge-based tools, et cetera) that the author discussed in the textbook, determine the type of tool that you would use for a process improvement framework. Next, determine the type of tool you would use for a problem-solving framework. Justify your response.

 

MAT510 Business Statistics

Week 7 Discussion

Building and Using Models

Per the textbook, in order to understand the causal relationship in business process, a manager will often ask "whys" as a way to drill down to the root cause of failures. Select one project from your working or educational environment and propose at least three "why" questions that you would ask in order to identify root cause of problem. Justify your responses.

 

MAT510 Business Statistics

Week 8 Discussion

One-Factor-at-a-Time (OFAAT) and Design of Experiment (DOE)

 

MAT510 Business Statistics

Week 9 Discussion

Confidence Interval

Use the Internet or Basic Search: Strayer University Online Library to research articles on confidence interval and its application in business. Select one company or organization which utilized confidence interval technique to measure its performance parameters (for example, mean, variance, mean differences between two processes, et cetera). Give your opinion as to whether or not the utilization of such a technique would improve business processes for the company or organization that you selected. Justify your response.

Select one project from your working or educational environment in which you would use the confidence interval technique for the process. Next, speculate on one or two challenges of utilizing such a technique in the process and suggest your strategy to mitigate the challenges in question.

 

MAT510 Business Statistics

Week 10 Discussion

Hypothesis Test

Use the Internet or Basic Search: Strayer University Online Library to research articles on hypothesis testing and its application in business. Select one company or organization which utilized a hypothesis testing technique for its business process (for example, whether providing flexible work hours improve employee productivity.) Give your opinion as to whether the utilization of such a technique improved business process for the selected company or organization. Justify your response.

 

MAT510 Business Statistics

Week 11 Discussion

Top-Three Concepts or Skills

Determine the top three concepts or skills you learned in this course that you believe will be the most useful to you in your present or future professional career or education. Provide at least one specific example to support your response.

Provide a rationale as to why the three aforementioned concepts or skills are important to someone in the field of business statistics.