Individual Assignment Case Solution And Analysis, HBR Case Study Solution & Analysis of Harvard Case Studies

Individual Assignment CAase Study Solution

The manager should divide the population into separate and distinct groups, referred to as strata. However, the population of males and females should be separated with respect to the number of engineers, operators and support activities. Furthermore, dividing the total population with the total number of sample in a group would generate the total number of groups equal to 8.5. Dividing the total number of male operators with 8.5 would provide the total male operators available in a group, which amounted to 63. Similarly, in order to find the total female operators available in a group, the total number of females in a group is divided by 8.5, which would give us total number of female operators available in a group. Moreover, the remaining number of engineers, and support activities available in a group would be calculated in a similar manner. However, the stratified sample selected for the manager is illustrated below in Exihibit-1.

Exihibit-1

Strata	Male	Female	Male per Group	Female per group	Total
No. of operators	535.5	654.5	63	77	140
No. of Engineers	76.5	93.5	9	11	20
No. of Support Activities	153	187	18	22	40
Total	765	935	90	110	200

Exercise-2

After analyzing the data given in the case and evaluating the value given, the Mean is calculated, which amounts to 36.04 for the population ages provided. However, the mean is the average value of all employees’ ages. Nonetheless, the kurtosis calculated amounts to 5.57, which means that the distribution contains heavy tails and the probability that it would reach its extreme value more frequently is high.

Moreover, the probability of the employees being younger than 40 is 3%, and the employees between the age of 26 and 45 is also 3%.

Exercise-3

The potential risks faced by the person betting on the underdog is that if the underdog loses the competition, then the individual would lose money. Furthermore, the popular player is expected to win the game, as he is presumed to be more talented than the underdog, and is expected to be better at hitting home runs as compared to the underdog.

Individual Assignment Harvard Case Solution & Analysis

Exercise-4

After calculating the binomial distribution of the monthly car sales and assessing the value, it can be determined that the data follows a binomial distribution. However, the frequency distribution of the successful outcomes in the trails has the same probability of success................

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