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Methods of Analysis for Business Operations Discussion board #1: Where in government (federal, state/territory/tribal, or local) would be a good place to examine work efficiency with an exponential distribution? Why? Discussion Board # 2 We, as individuals, use the six steps in the decision-making model every day, and we do not even think about it. Let’s look at a couple of real-world problems that use decision-making. Select one of the problems below, and explain your decision-making process based on analysis. Decision-making problem: Solving Illegal immigration American losing it’s energy Independence and relying on foreign oil Using the quantitative analysis that you have learned, apply the concepts where you can, and frame your decision-making plan for a solution. Discussion board #3 Share an example of when you used a decision tree and what the outcome was. If you have never used a decision tree, think about two alternatives in which you would have a reason to use a decision tree (e.g., buying a home, buying raw land). Explain your decision tree model. Explain any assigned probabilities and why you selected them.
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Methods of Analysis for Business Operations: Instructions: In the past few units, you have learned about normal distributions, Poisson distributions, and now exponential distributions. For this assignment, you will compose an essay in which you contrast the major differences between the normal distribution from Unit III and the exponential and Poisson distributions. You should demonstrate what you have learned about exponential distribution by explaining what it is and describing the situations in which it is useful for analyzing data. In addition, ensure that your essay meets the following criteria. Provide a real-world example (not already used in the textbook or unit lessons) in a diagram of one of the three distributions, and explain it. Explain what the data tells you. Given your selection, discuss how the data and results can be implemented in business or your life. Your essay must be at least three pages in length, and you must integrate at least two academic resources as references. You should also follow the traditional essay format, and ensure that you have good introduction, body, and conclusion sections. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.