select one of the two subjects to discuss.
Use the Internet or Basic Search: Strayer University Online Library to research articles on confidence interval and its application in business. Select one company or organization which utilized confidence interval technique to measure its performance parameters (for example, mean, variance, mean differences between two processes, et cetera). Give your opinion as to whether or not the utilization of such a technique would improve business processes for the company or organization that you selected. Justify your response.
Select one project from your working or educational environment in which you would use the confidence interval technique for the process. Next, speculate on one or two challenges of utilizing such a technique in the process and suggest your strategy to mitigate the challenges in question.
Sample Solution
ifferent field, such as communications, electronics, auto motives, engineering and pharmaceuticals. Though there was a realization that the full potential of bilateral trade had not been exploited. Latterly the Turkish President Turgul Ozal thrown Turkey on the road to economic liberalization and Turkeyâs industry went through a rapid phase of modification. At the same time in January 1980 Turkey approved a comprehensive economic adjustment program relying heavily on market concerned with solutions. Turkish late President Turgul Ozal had called for more tariff concession on selected terms to promote trade and commerce between Turkey and Pakistan. Turkish President Turgul Ozal in an interview with the Gulf Economist obligated and also strained the need for providing an infrastructure for communication and transport facilities between the two countries. The late president Ozal remarked, âI feel that action should be taken on the proposal, for trade and tariff concessions on selected itemsâ. At that time such proposals were earlier considered under RCD, Whereas RCD being given a new name, the process of strengthening the economic and trade ties should continue uninterrupted (The Pakistan Times 14 April, 1985) During 1980âs total volume was an indication that through was existed between the two countries; the two governments failed to make use of it. Secondly businessmen on both sides failed to increase the level of trade. Though the volume of trade showed little improvement in 80âs Turkey and Pakistan cooperated in the fields of banking and insurance, transport, communication, tourism and agriculture. The main imports from Turkey have been grams and other pulses, some other food items and manufactured goods. The trade between Pakistan and Turkey was mostly done by air, which was very expensive for both countries (Hasan, 2002).>
ifferent field, such as communications, electronics, auto motives, engineering and pharmaceuticals. Though there was a realization that the full potential of bilateral trade had not been exploited. Latterly the Turkish President Turgul Ozal thrown Turkey on the road to economic liberalization and Turkeyâs industry went through a rapid phase of modification. At the same time in January 1980 Turkey approved a comprehensive economic adjustment program relying heavily on market concerned with solutions. Turkish late President Turgul Ozal had called for more tariff concession on selected terms to promote trade and commerce between Turkey and Pakistan. Turkish President Turgul Ozal in an interview with the Gulf Economist obligated and also strained the need for providing an infrastructure for communication and transport facilities between the two countries. The late president Ozal remarked, âI feel that action should be taken on the proposal, for trade and tariff concessions on selected itemsâ. At that time such proposals were earlier considered under RCD, Whereas RCD being given a new name, the process of strengthening the economic and trade ties should continue uninterrupted (The Pakistan Times 14 April, 1985) During 1980âs total volume was an indication that through was existed between the two countries; the two governments failed to make use of it. Secondly businessmen on both sides failed to increase the level of trade. Though the volume of trade showed little improvement in 80âs Turkey and Pakistan cooperated in the fields of banking and insurance, transport, communication, tourism and agriculture. The main imports from Turkey have been grams and other pulses, some other food items and manufactured goods. The trade between Pakistan and Turkey was mostly done by air, which was very expensive for both countries (Hasan, 2002).>
