Business exam 2 fall strategy

Another problem-solving technique

The 5 Why’s method. It identifies the root cause of a problem by repeatedly asking why it occurred.

What a senior enlisted marine observed about marine maker

To go over innovation (technology to the battlefield)

what is the key to product development success

speed, being first has a lot of benefits such as security for yourself in your consistently first

why did beats make sense for apple

it was about buying beats chiefs executive officer jimmy loves savant-like knowledge of the music business

how much energy does the Sahara desert create in one day

in six daylight hours, earths desert soak up more energy than humanity uses in a year.

what is atlas key to stripes future

they took 10s of thousand of lines of code and just turned it into 7 lines. also to raise the gap of the internet

does stripe offer fraud detection for free

no

how does the Gartner hype cycle pertain to AI?

It pertains to AI being the technology trigger and us now being at the peak of inflated expectations

Ie told you about the new product development we used at empire brush. was it opened or closed?

Open

How much have online sales grown over the last 8 years

33.7%

what unusual characteristics did I cover in class about stripes website

How they show the faces of each employee on the front of the website

How many people use the creator concept with social media as a side hustle?

1 million creators

I told you in class that my definition about critical thinking is the same as?

The things that you can see and what you have to do (talks about looking at the sea and the horizon)

sixty nine percent of graduating college seniors believe they are problem solvers while employers put that number at?

31

The purpose of critical thinking is to do what?

Manage for the short term

I used a SIRO PPT to illustrate other courses you could take. Why waste class time on that?

To gain an advantage on job hunting, OMGT 3223, and a applied data analytics certificate

I talked to you above my body sweating easily. What did I relate it to?

Related to working really hard

A man entering the workplace in 1963 makes how much compared to a man entering the workplace in 1983?

A man entering the workplace in 1963 typically earned significantly more in real purchasing power than a man of the same age entering the workplace two decades later in 1983.

The bottom 80% has how much of household weatth?

Historically and currently possesses a smaller cumulative share of total national net worth than the single top 1%. In older historical breakdowns, the bottom 80% held roughly 12.8%

To use data to generate statistics what is necessary in your data?

Relevant observations, consistentvariables, and a usable dataset.

Once you have good data and the average what enables you to make predictions?

Standard deviation measuresvariability; a statistical model helps make predictions.

Do you believe it is a conflict of interest for me to not learn the material I paid the university of a class?

It can conflict with youreducational goals, although it is not necessarily a formal legal conflict of interest.

I am in a class with a 30 other students. His study guides and tests are copyrighted. Class members divide up the study guide to look up questions. is it a conflict of interest for me to only look up my questions?

Yes it is a conflict of interest

A change in thinking is called?

Learning, paradigm shift

Mr pack and Einstein agreed on the product of great thinking?

no

On average how much did 50 years of tax cuts drive GDP and raise employment

there was little to no measurable improvement: after five years, per-capita GDP and unemployment rates were nearly identical in countries that cut taxes on the wealthy and those that did not. However, incomes for wealthy people grew faster in countries with lower tax rates, contributing to greater income inequality.

Oil is priced in dollars for everyone so if the price of oil falls 10% and your currency is worth 10 % less how much of a premium are you paying for oil?

21% premium

Normally distributed data is also called?

bell shaped

I sell an average of 100 pieces a month with a standard deviation of 100. how much inventory do I hold to ship 95% complete and on Time?

265

I showed you some tax information about the poor and the rich. what is ironic about the poor?

Lower-income households may pay substantialpayroll, sales, and other taxes even if they owe little federalindividual income tax.

What other airline has recently had technical debt issues?

southwest

F(x)=2y + 16 In this function what does 2 represent?

2 is the slope

what current AI event reinforces one of the key topics I return to repeadledly?

OpenAI announcing that it would pause its next update because of concerns about AI’s risks. This reinforces the professor’s recurring point about risk, ethical responsibility, and the importance of recognizing technology’s limitations. He connects it to the Gartner Hype Cycle, where excitement about a new technology eventually gives way to concerns about its problems.

What is happening with a k shaped economy?

The top 10 percent of U.S. households now account for nearly half of all spending, according
to Moody's Analytics. That spending power is driven in part by soaring stock market returns, which makes its way back into the pockets of wealthier households.

What other company had the same issue as southwest?

Citigroup. Like Southwest, it had technical debt from mergers and acquisitions that left it with old software systems that could not communicate with each other. This made integrating AI more difficult.

what 4 things do grok do before answering your query

• Researcher: Pulls real-time information from the web.

• Judges: Resolve disagreements and help determine the final answer.

• Logician: Handles math, coding, and step-by-step reasoning.

• Creative: Explores alternative angles and approaches.

Grok coordinates these roles to break down the question and produce an answer.

What is AI washing

AI washing is when companies blame layoffs on AI even when they were already planning to eliminate those jobs for other reasons. The professor says some companies use AI as an excuse for layoffs that would have happened anyway

what is the argument for K shaped companies

• For: Higher-income consumers continue spending, keeping overall consumer spending and GDP high, while lower- and middle-income consumers struggle with affordability. Wage growth has not kept up with inflation, and people are relying more on credit cards and buy-now-pay-later services.

What is the argument against K shaped companies

• Against: Some people disagree that the economy is splitting this way, and consumer spending overall remains high. The professor notes that the evidence is not unanimous.