Instruction
Discussion 1: Decision Making - Amazon Sales and Snowplows
A study has found that during winter blizzards, online sales are highly correlated with the number of snow plows on the road. The Director of the National Association of Online Merchants recommends that his trade association should encourage municipalities to deploy more snowplows whenever it snows because, he says, that will increase business. Do you agree or disagree? Explain.
Discussion 2: .Selecting Manufacturing Process and Regression Variables
One issue that many companies face is determining what the best production practices are for their products. This often involves examining not only the quality and specifications of incoming raw materials but also the process variables such as how long to heat something, what temperature to use, how long to cool a part, and so forth. If you were charged with maximizing the effectiveness of a manufacturing process, how might you go about the task assuming you have all of the needed measurements of the different variables involved in the process?