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1. Events in countries worldwide now have long-reaching, long-lasting effects—even for people who never visit those countries. Justify this argument using the example of Brazil, Russia, India, and China 2. Defend or refute the argument that multinational corporations (MNCs) from emerging markets have a competitive advantage over their foreign counterparts. 3. Do you think a host country’s sociocultural factors have important implications when it comes to a company’s decision about when and how to do business there? Justify your answer. 4. Do you think it is possible to run a large organization with only one decision maker? Justify your answer. How can a company structure itself to enable smooth decision making?
 
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1.Explain Events in countries worldwide now have long-reaching, long-lasting effects—even for people who never visit those countries. Justify this argument using the example of Brazil, Russia, India, and China 2. Defend or refute the argument that multinational corporations (MNCs) from emerging markets have a competitive advantage over their foreign counterparts. 3. Do you think a host country’s sociocultural factors have important implications when it comes to a company’s decision about when and how to do business there? Justify your answer. 4. Do you think it is possible to run a large organization with only one decision maker? Justify your answer. How can a company structure itself to enable smooth decision making?
 
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A computer store uses the periodic review model to manage its inventory. The inventory is reviewed and counted every week. The average annual demand for a model of computer is 5,076 units. The standard deviation of daily demand is 11 units. The desired service level, i.e., probability of not-stocking-out, is 98 percent. The store is open 350 days a year. Please determine the optimal units of the computer should be ordered if, after the inventory count, the current inventory on hand for that model of computer is 34 units. It takes on average two days to receive the order since the supplier is located in the same city. Use z=normsinv(98%)=2.05 in your calculation.

Keep 3-decimal if not exact, either round up or down is ok.


 
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W 1. Suppose we require “proof beyond reasonable doubt” to be a “significance level of 5%. This means, P{conclude better | not effective} is 5% (or less). In many applications we cannot accurately estimate P{conclude better effective} unless we actually know how much better the treatment really is. Let us suppose that P{conclude better effective} is 60%. Imagine that there are thousands of researchers doing these experiments, each testing some hypothesis they have proposed. Let us assume that only in 4% of cases is the treatment really effective (it is not easy to find good treatments). 1 of 2 GSC 1206 Introduction to Data Analytics for Business Fall 2021 a. Construct a tree diagram that will show all possible outcomes of effective (not effective) and conclusions (better or not better). Label each branch with respect to the event associated with the branch and the probability of travelling along the branch. Total b. Summarize the outcomes in a probability table such as Treatment not Treatment effective effective Conclude treatment not better Conclude treatment better Total 100% C. What is the probability that you will conclude that the treatment is effective? d. Among cases where you conclude the treatment is effective, what proportion really are effective?
 
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