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PIONEER AIRCRAFT COMPANY Pioneer Aircraft Company operates for 50 weeks and closes for two weeks in a year. The information given on the number of planes sold during the year can enable us to determine the probability for each number of planes that can be sold per week in a 50-week period. For 0 planes sold weekly there was 40 times in the year (Stair Render Hanna & Hale 2015). To get the probability of the number 0 planes sold per week we divide 40 weeks by the 50 weeks which gives us .8. Therefore in a 50 week period the probability for selling 0 planes is .8. There was 8 times in the year when 1 plane was sold weekly. Using this information we can get the probability of aircraft hence all the clients it gets are those in search of the product being offered. The company can however attract more clients if it starts producing and selling aircrafts with GPS since the customers will have more choices to select from. By introducing different types of planes the probability for its clients buying a plane with build in GPS will have an effect on the original sales of the planes. The approach for determining the probability will however not change. Works cited Render B. Stair R.M. Jr. Hanna M.E. & Hale T.S. (2015). Quantitative analysis for management (12th edition). Upper Saddle River NJ: Pearson. Prasanta S. B. (2011). Philosophy of Statistics. [N.p.]: North Holland. United N. (2013). Guidelines on Integrated Economic Statistics. New York: United Nations Publications. [...]
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Hello. I am inquiring about some assistance I am needing with a course assignment. My MSL 5080 Methods of Analysis for Business Operations course has a Pioneer Aircraft Company simulation question which (I believe) you have answered on this forum before. I see that you have an outstanding feedback rating and would love your assistance on this assignment (And possibly others in this course) as this is not my area of strength. I will attach the question. Just reply if you can assist. Thank you.
Subject Area: Statistics
Document Type: Paraphrasing
