1. Visualize yourself as the manager of an athletic club. Give three examples of

Question

1.         Visualize yourself as the manager of an athletic club. Give three examples of data you

            might be able to use in making decisions about how to improve the profitability of the

            club.

2.         What is the difference between a milestone chart and a to-do list?

3.         Describe at least two possible job applications for a PERT network.

4.         What similarity do you see between the purposes of break-even analysis and a decision

            tree?

5.         How might the Pareto Principle apply to the profits an automobile company earns on

the sales of its vehicles?

Explanation / Answer

1. if I am a Manager of an Athletic Club then I will look for these three sets of data to analyze & use to improve profitablity:-

2 Difference between two is:-

3 Job application for PERT NETWORK

4. Break Even analysis helps to take an investment and decision tree analysis also helps to give various future possible outcomes of a decision giving an idea about an decision i,e.again may be investment (e.g. to decide whether to do that investment or not)

5 with the pareto we can see that how much is top 80% sales variants of the automobile model are giving the how much contribution to the profits

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