Qnt-561 Week 1

Good Essays
Week Four Team Paper xxxxxxxxxxxxxx QNT/561
August 1, 2012 xxxxxxxxx Week 4 Team Paper
Best Buy is a company that has 40 years of history with a very accomplished sense of success. In 1966 Best Buy was a small electronics store in that originated in St. Paul Minnesota by Richard Schulze and an acquainted business partner. Considering that technology changes so rapidly, Best Buy has had to transform from just being the little electronics store down the way into a competitive, customer-driven, talent-powered company that emphasizes on pleasing the customers as it pertains to the life of technology. In 1993 Best Buy was recognized as the nation’s second largest electronics retailer and was recognized by Forbes in 2004 as the “Company of the Year.” However, in 2012 Best Buy had a huge layoff which resulted into 50 store closings. The competitors for Best buy include online stores like Amazon, Buy.com, Tiger direct and various others.
Purpose
Best Buy stores are located throughout the United States and every year additional employees are hired to help staff during the holiday season (known as seasonal staffing and typically runs during holiday season). Higher head count is inefficient and expensive. This poses an organizational dilemma; can sales data be used to identify the appropriate number of temporary employees that need to be hired during the holiday season? Considering the sheer amount of stores that require temporary staffing data will be collected from all its stores and used to identify the staffing needs.
Research Design Give the nature of business of Best Buy Quantitative research should be applied. It involves gathering data and then organizes, tabulates, depicts, and describes the data collection (Glass & Hopkins, 1984). The dependent variable that will be looked at is staffing levels. A dependent variable is one that “is measured, predicted, or otherwise monitored and expected to affected by manipulation of an



References: Cooper, D.R. & Schindler, P.S. (2011). Business research methods (11th ed.). New York, NY: McGraw-Hill/Irwin. The Association for Educational Communications and Technology U.S. Department of Education Retrieved July 29, 2012 http://pr.bby.com/phoenix.zhtml?c=244152&p=irol-factsheet Retrieved July 29, 2012 http://www.startribune.com/business/157988175.html?refer=y Business Tendency Survey handbook

You May Also Find These Documents Helpful

  • Powerful Essays

    Qnt 561

    • 2214 Words
    • 9 Pages

    28,28,28,29,34,37,39,40,44,44,45,50,51,56,61,61,64,65,67 - The median of the wait times is 39 minutes. c. Find the range of the times. Range is defined as the difference between the largest and the smallest values in the data set. QNT 561 – Week 1 Problem Set 3 - The largest value in the set of times is 67 and the smallest is 23. - 67-23 = 44 d. Find the…

    • 2214 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    This pack of QNT 561 Week 1 Individual Assignment shows the solutions to the following problems: Problem 80 Problem 82 Problem 87 Part II Problem 34 Problem 36 Problem 38 Problem 45 Problem 62 Problem 42 Problem 45 Deadline: ( ), Mathematics - Statistics does any have all the mathlabs for week two. All versions I should state. Be careful with your laptop when at school. Even college campuses are not immune to theft, and you probably…

    • 376 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    Qnt 561 Week 4

    • 702 Words
    • 3 Pages

    Individual Assignment: Week 4 QNT 561 November 1, 2010 Lee Chang Question 5 In the following situations, decide whether you would use a personal interview, telephone survey, or self-administered questionnaire. Give your reasons. a) A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information about what they like and do not like about life in the subdivision. In this situation I would use a personal…

    • 702 Words
    • 3 Pages
    Good Essays
  • Good Essays

    QNT/561: Week One Assignment Exercises 80, 82, and 87 (Ch. 3) Exercise 80* a. The times are a population because we are considering the wait times for all of the customers seated on Saturday night. b. To find the mean: µ = ∑ X N µ = 1021 25 µ = 40.84 To find the median: The midpoint value of the population is 39. c. To find the range: Range = Largest Value – Smallest Value Range = 67 – 23 Range = 44 To find the standard deviation: σ = √∑ (X - µ)2…

    • 975 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Qnt 561

    • 1065 Words
    • 5 Pages

    Individual Assignment: Types of Surveys Question 5 on p. 270 of Business Research Methods. Patricia Figueroa November 17, 2009 Qnt 561 Christopher Ajagu In the following situations, decide whether you would use a personal interview, telephone survey, or self-administered questionnaire. Give your reasons. a A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information…

    • 1065 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    This pack of QNT 561 Week 1 Individual Assignment 2 consists of: Resource: Statistical Techniques in Business Economics Prepare responses to the following exercises from the text: Problem 80 Problem 87 Deadline: ( ), Mathematics - Statistics does any have all the mathlabs for week two. All versions I should state. Be open-minded when dating. Instead of going out for dinner, set up a nice candlelight dinner at home. This is not only the more impressive option…

    • 374 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Qnt 561 Week 1 Problem 81

    • 907 Words
    • 4 Pages

    each purchase of a large pizza at Tony's Pizza, the customer receives a coupon that can be scratched to see if a prize will be awarded. The odds of winning a free soft drink are 1 in 10, and the odds of winning a free large pizza are 1 in 50. You plan to eat lunch tomorrow at Tony's. What is the probability: 1. That you will win either a…

    • 907 Words
    • 4 Pages
    Good Essays
  • Good Essays

    1.5 The following information is collected from students upon exiting the campus bookstore during the first week of classes: a. Amount of time spent shopping in the bookstore Answer: Numerical; Continuous variables because the answer represent quantities. The response arises from a measuring process b. Number of textbooks purchased Answer: Numerical; discrete variables because the answer represent quantities. The numerical values that from a counting process. c. Academic major Answer:…

    • 885 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Qnt 561 Week2

    • 1289 Words
    • 6 Pages

    Central Limit Theorem and Confidence Intervals Problem Sets Tiffany Blount QNT 561 September 7, 2010 Michelle Barnet University of Phoenix Central Limit Theorem and Confidence Intervals Problem Sets Chapter 8 Exercises: 21. What is sampling error? Could the value of the sampling error be zero? If it were zero, what would this mean? * Sampling error is the difference between the statistic estimated from a sample and the true population statistic. It is not impossible for the sampling…

    • 1289 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    In this pack of QNT 561 Week 2 Discussion Questions you will find the next information: DQ 1: What is the purpose of sampling? What are some concerns and dangers of sampling? How important is the sample design to data validity? Explain. Provide an example where a sample might misrepresent data validity. DQ 2: What are some examples of operational definitions in research design within your profession? General Questions - General General Questions QNT 561 All Week 2 Assignments –…

    • 465 Words
    • 3 Pages
    Satisfactory Essays