- This topic has 109 replies, 41 voices, and was last updated 2 months ago by
Kim Smith.
Kim Smith.-
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Kim Smith
- Topics: 93
- Replies: 6433
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@mbulukimanake – please read through my “tips” on this post – you need to start by working through the illustration earlier in the unit – then all you are doing is replicating the same process.
kate108
- Topics: 3
- Replies: 5
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Hi All, I was about to create a topic, but now see that not just me who’s struggling with this unit 7.
I’m totally stuck, as the instructions don’t make any sense. They say you need to download the spreadsheet (Ok, I did), then “enable” it, choose Data tab and something from the drop-down… Where should I be enabling it? There is only one tab an no drop-downs at all. Extremely confusing.I’d appreciate any tips, experiences, suggestions.
Thank you
Kim Smith
- Topics: 93
- Replies: 6433
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@kate108 – when files are downloaded from the internet, a computer will often open them only in “protected view” – there will be a yellow stripe across the top of the docx/xlsx/pptx when it is opened and it will say something like “This file originated from …..” followed by the words “Enable Editing” in a box. You just click on that box and the yellow box goes away and the xlsx will be enabled.
kate108
- Topics: 3
- Replies: 5
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Yes, I’ve expected something like that, but in this case there wasn’t any yellow stripes nor buttons Enable. I know how it looks normally.
This is where my confusion comes from, also other instructions don’t make any sense.
And what are we supposed to calculate there? Thank youKim Smith
- Topics: 93
- Replies: 6433
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You’re not supposed to understand the assessment without having first worked through the module – in particular the “types of analytics” section and in that section focus on “predictive analytics” – where you will find an example BBQ Sales. You don’t have to be able to create the spreadsheet or the statistics that it contains – only to interpret a given output table.
ZainEjaz
- Topics: 0
- Replies: 1
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Sir!
Thank You very much
I Almost forgot about regression but your help made my day.Kim Smith
- Topics: 93
- Replies: 6433
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Thank you for the feedback Zain!
Brenners100
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This thread really helped me to under the calculation for q1 on Unit 7 and I am now able to move onto Unit 8 – Thanks!
Kim Smith
- Topics: 93
- Replies: 6433
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@Brenners100 – Thank you for the feedback Brenda – that’s really good to know!
alfianasbehero
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- Replies: 1
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Dear sir,
I’m stuck in “how much additional profit would be generated across the railway network if $250000 were spent on automatic ticket barrier investment?” question. I used the multiple regression equation and multiplied the X3 with 250,000, also tried other approaches but didn’t get the answer. Could you tell what is wrong with my calculation? Thanks in advance.
Anupamsarker10
- Topics: 0
- Replies: 1
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Hello, I do not know how to do it. Could you give me the exact answer? with an explanation if possible.
Kim Smith
- Topics: 93
- Replies: 6433
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@Anupamsar – welcome to my forum – but for your own professional development you should work it out for yourself. If you look at the posts preceding yours on this page you will see that students can and have completed this module, with the “tips” in this thread..
This thread now has 4 pages (this is the 4th page) – but it should not take you long to glance through for the information that will be most valuable to you:
https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7
https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7/2
https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7/3
A.Persaud
- Topics: 0
- Replies: 1
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Hi Kim,
For question 1, I am having $46,719 however, its being marked as incorrect.
I did the following:
Y= -63,964.30+35243+6093.71+34008.669+35337.92Kim Smith
- Topics: 93
- Replies: 6433
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@A.Persaud – welcome to my forum – that is indeed incorrect. Please start with my posts on the first page of this thread
https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7
You will see that reading this carefully provides students with the means to get the correct answer.
sohanidevi
- Topics: 5
- Replies: 16
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can anyone assist with this section?
Kim Smith
- Topics: 93
- Replies: 6433
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@sohanidevi – look through the posts on this thread which start here https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 and you will find all the information you need to complete the module (short of the answers themselves – that wouldn’t be ethical!)
2530190miles
- Topics: 0
- Replies: 1
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Hie Sir please can you help me how l can tackle question 3 of Unit 7 which says. How much additional profit will be generated if $250000 were spent on automated ticket barrier investment?
l have tried and tried still l am struggling please help
Kim Smith
- Topics: 93
- Replies: 6433
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@2530190miles – welcome to my forum – if you read my post immediately preceding yours it directs you to a thread that will help you.
sarahtan
- Topics: 2
- Replies: 6
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(63,964.58)
150 35,243.50
15000 6,093.71
250000 283,405.58
3.00 35,337.92
Sum 296,116.13I got the above for sales
profit = Sales ticket – spent 46,116.13
additional profit 46,116.13 – 16,719.22 = 29,396.91
but this is not the answer…
can pls guide where is wrong?Kim Smith
- Topics: 93
- Replies: 6433
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Your sum for additional revenue is wrong because there shouldn’t be a 250k in it (check what it should be). Additional revenue = additional profit (because there is no variable cost of sale) so it is the amount of investment that you need to deduct. This is all explained earlier in the thread if you look at my earlier posts (which start on this page https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7).
Kim Smith
kate108
ZainEjaz
Brenners100
alfianasbehero
Anupamsarker10
A.Persaud
sohanidevi
sarahtan
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