- 7CO02 “The challenge facing the profession is best characterised by the common expression, ‘I’m a people person: CIPD Level 7 7CO02 People Management and Development Strategies for Performance Assignment, CIPD, UK
- People Management (21 April 2023 ) reported that “Almost half of HR professionals claim they are dealing: CIPD Level 7 7CO02 People Management and Development Strategies for Performance Assignment, CIPD, UK
- 7CO02 Explain the view that high-performance work practices benefit both employers and employees: CIPD Level 7 People Management and Development Strategies for Performance Assignment, UK
- 7CO02 You are asked to make a 30-minute presentation at a local CIPD branch meeting: CIPD Level 7 People Management and Development Strategies for Performance Assignment, UK
- 5HR03 Evaluate the principles of reward and its importance to organisational culture and performance management: Reward for Performance and Contribution Assignment, UOB, UK
- A metal bar 20 Ci in diameter was subjected to a compressed load of 800 KN and, measured decreases: unit 36 advanced mechanical principles Assignment, UOL, UK
- A wing section structure is in the form of a two-cell box in which the vertical spars are connected to the wing: Structural design and Care Assignment, US, UK
- Explain the role of leadership and management skills in adult care settings/services: Level 5 Diploma in Leadership and Management for Adults Care Assignment, DC, UK
- Analyse and evaluate the 2 key internal factors and 2 key external factors impacting: Talent Management Assignment, UCL, UK
- CRITICAL REVIEW OF A HEALTH INEQUALITIES REPORT (2500 words): FOUNDATION OF LEADERSHIP AND MANAGEMENT IN NURSING Assignment, UOL, UK
- Identify and analyse any legal claims that may arise in the below scenario, using UK law and case authority: law of contract Course Work, OU, UK
- Perform a PESTEL analysis for the chosen business: Context of Business Report Assignment, UOS, UK
- 7CO02 Examine the merits of different models of people practice management, linking them with effective business performance: CIPD-L7 Assignment, Uk
- 7CO02 Critically evaluate models of systemic thinking and how they underpin the interconnective nature of people practice work: CIPD-L7 Assignment, UK
- Create a formal business proposal for Manzaneque Limited. It should include user and system requirements: Database Design & Development Assignment, CUL, UK
- Conduct small-scale research, information gathering, and data collection to generate knowledge on an identified subject: Unit 6: Planning a Computing Project Assignment, CUL, UK
- Aliter Nework’s solution is to focus on refurbishment of Digital Devices as the front line of the shift to more circular IT: Unit 6: Planning a Computing Project Assignment, CUL, UK
- Over the last few years, the construction industry has been facing many challenges: Quantity surveying Assignment, UOS, UK
- To develop an understanding and critical awareness of contractual provisions relating to various standard forms of contracts: Quantity surveying Assignment, UOS, UK
- Explain different types and purposes of organizations: public, private, and voluntary sectors: Business and business environment Assignment , UOL, UK
M348: There is interest in establishing an ideal manager-to-staff ratio: Applied Statistical Modelling Assignment, OU, UK
University | The Open University (OU) |
Subject | M348: Applied Statistical Modelling |
Question 1
In Management Theory, there is interest in establishing an ideal manager-to-staff ratio. While it is acknowledged that there is no one-size-fits-all answer to this question, Human Resources (HR) departments may still want some guidance on how many managers, or supervisors, they will need to operate the business successfully for a given number of workers.
In a survey of 27 industrial establishments of varying size (from the same sector), the number of supervisors and the number of supervised workers were recorded. We want to model the relationship between the number of
supervisors (the response) and the number of supervised workers (the explanatory variable).
The data are given in the data frame super and stored in the file super.RData. The variables are as follows:
y Number of supervisors in the industrial establishment
x Number of workers in the industrial establishment
(a) Carry out an exploratory data analysis of the data. In particular:
(i) Provide a visual summary of each respective variable, and explain why your chosen method to visualise the data is appropriate for this type of data. [2]
(ii) Comment on the results of your summaries. [1]
(iii) Provide a scatterplot of y versus x. Give meaningful labels to the axes. [1]
(iv) Do you think a simple linear regression model of y versus x would be a good fit to the data? Explain why, or why not. [2]
(b) Find appropriate transformations for the data. In particular:
(i) Given your results from part (a), suggest three possible transformations for y and explain why these would be reasonable to try. [1]
(ii) Provide scatterplots of each of your transformed responses versus x. Explain which, if any, of these look promising for fitting a simple linear regression model, possibly after transforming x. If none of them seem suitable, suggest one further transformation and try it, giving a reason for your choice. [3]
(iii) Select the two most promising looking transformations of y from above and, if necessary, transform x appropriately. Provide scatterplots of the transformed responses versus the possibly transformed explanatory variables and comment on them. If necessary, try different transformations of x. [2]
Do You Need Assignment of This Question
(c) Carry out a regression analysis of the data. In particular:
(i) Assume a senior statistician had decided to try the following two sets of transformations:
T1: Inverse square-root transformation of y and inverse transformation of x
T2: Inverse transformation of y and inverse transformation of x Fit simple linear regression models, M1 and M2, to the two transformed data sets T1 and T2, respectively, and use appropriate residual plots to check if the assumptions of the simple linear regression model hold. [6]
(ii) Based on your residual analysis, select your preferred model among M1 and M2 and provide the fitted model equation. [2]
(iii) Is there evidence of a linear relationship between the (transformed) response and the (transformed) explanatory variable in this model? Justify your answer. [2]
(d) A new industrial establishment from the same sector is to be opened soon, and HR is hiring 1600 workers.
(i) Predict how many supervisors will be needed according to your model, and provide a 95% prediction interval. [4]
(ii) Would it be reasonable if HR hired 176 supervisors? Explain why, or why not. [1]
(iii) If HR approached you to predict how many supervisors they would need if they were hiring 2600 workers, what should be your response? [1]
Buy Answer of This Assessment & Raise Your Grades
“Can I pay someone to do my assignment?” This is a question that students often ask. The answer is “yes!” Students Assignment Help UK offers quality assignment writing services that can help you get the grades you desire. Our assignment helpers are experts in their respective fields and can provide you with high-quality and well-researched assignments. So just tell us your requirements and our experts will deliver the assignments in no time.