Tbd Essay Example | Topics and Well Written Essays - 3000 words

Tbd - Essay Example In addition, Frank (with a large commercial law firm In Brussels) has helped negotiate a suitable site on the edge of the industrial area, just in a strategic position- industrial park of the town-which could most likely be a suitable location for the business. This will make it possible for the commissioning and construction of new factories for the company. It is possible to built friendships and customer base in Belgium as it has been the case in Holland. Business experts say that every business must grow slowly and it should be given enough time to do so. A good customer relationship is developed when the company (ESC Electronica) provides better services for the people in the new country. In doing so, the company will be able to form a strong customer base just as it has been the case in the native country. In addition, Jan is not leaving his business entirely but it will be possible for him to conquer other international markets for the betterment of the company. As for the case of family matters, it will be prudent for Marguereet to combine her family life and the business which will keep the whole family financially stable. The best approach you (Jan) can use is to call family meeting and discuss the broad aspects of the business starting with the business plan, goals and objectives, family issues (togetherness, retirement and ot her external factors that need to be addressed affecting the family) and more pressing challenges and opportunities for the businesses in context of increased competition. The strategy of bringing the whole family on board is considered a best option in a case where the family is undergoing any kind of turmoil. Failure to convince the children for example Frank need to put his priorities right for further future prospects. Marguereet is already a graduate with enough knowledge on

Describe how you understand ANOVA Case Study Example | Topics and Well Written Essays - 250 words

Describe how you understand ANOVA - Case Study Example In order to contain the error and compare all groups simultaneously, the Analysis of Variance or ANOVA may be used. The ANOVA is a statistical method that compares the variance associated with groups of scores and the variance associated with individual differences among scores in order to test the significance of the difference between groups (Guilford, & Fruchter, 1973). According the Bass (2007), the ratio of the variance between groups (which occurs due to differences in the treatments) and the variance within groups (due to individual differences) tells us the extent to which the total variance may be attributed to the treatments or group distinctions. The null hypothesis for the ANOVA is that â€Å"the means for each group are the same at a given level of significance†, while the alternate hypothesis states that â€Å"the means are significantly different from each other†. The alternate hypothesis is true when the variations in the treatment levels are not due to error or individual differences but due to the differences in the treatment levels. This concept is explained very well by Bass (2007). Although it is important that these criteria be met in order for the statistic value to be strong and reliable; a slight deviation from the ideal is acceptable as the ANOVA is quite a robust statistic. The ANOVA statistic is calculated as the F statistic, and is based on the F distribution of scores (Bass, 2007). If the calculated value of the ANOVA is equal to or higher that the F statistic presented at the stated level of significance; then we reject the null hypothesis. On the other hand, if the F value calculated is lower to the tabulated value, we accept the null