Statistics for Managers Class Discussion wk5 Essay

Statistics for Managers Class Discussion wk5 - Essay Example In business the population mean can be applied on a study using a focus group as a parameter of the whole population. He focus group can be used to sample new products and get reactions from the consumers. The population mean represents the true opinion of the entire population. During elections most opinion poll the voters predict the winning candidate this has been done for the major media houses to make consumers glued to their channels during heated campaign periods. Thus during the period the media houses make their money on adverts as the candidates use the polls advertise themselves on the weaker area of electorate. Most drug and pharmaceuticals company test their drugs on a certain focus group to test the curative and side effects of vaccine, cure drugs and cosmetics. Most recently GlaxoSmithKline and NewLinkGenetics were conducting focus group trials on Ebola virus; as a result of outbreak in West Africa (Daniel Flynn, 2014). Most consumer goods have a warranty, the risk of return of the product is calculated from the margin of error of producing a defective product. Daniel Flynn, R.-J. B. (2014, November 14). Exclusive: MSF should have called for Ebola vaccine earlier. Retrieved from Reuters:

Change Agent Research Paper Example | Topics and Well Written Essays - 500 words - 1

Change Agent - Research Paper Example I plan on becoming a change agent in my community by creating a non-profit organization to promote both recycling and alternative energy. Creating awareness starts by educating the public about the problem. Each person in the United States is currently generating 4.7 pounds of waste everyday of which 33.4% is recycled, 12.6% is burned in combustion facilities, and 54% makes it to the landfills (Recyclingfacts, 2008). The excessive amount of waste going to the landfills is hurting our environment. The government is running out of places to accumulate more trash. Some of the materials that people can recycle include paper, aluminum, plastic, and glass. The organization I will establish will gather information about all the recycling centers available within 200 miles of the community. This information will be given to every member of the community so that they can utilize the knowledge to make changes in their daily habits. People should also be aware that a lot of these recycling centers will pay people for recyclable material. Some of the basic tactics people must learn is that the different materials should be stored in separate bags. The energy crisis is hurting the pockets of all Americans. Fuel prices are rising and there seems to be no end to how high they might reach in the near future. The current price of a gallon of gasoline is $3.93 a gallon (Reuter, 2012). My organization will take the initiative of analyzing consumer reports to determine the best green cars in the market. After evaluating the alternatives I will create a list of cars that people in my community can purchase to save money on gas. The information of the cars will include the price, brand, features, technology, and most importantly fuel efficiency of each vehicle. Two of the most promising green cars in the marketplace are the Chevy Volt and the Nissan Leaf. Another important aspect of the non-profit organization will be educating the