Response Paper Coursework Example | Topics and Well Written Essays - 500 words

Response Paper - Coursework Example Up to date a lot of research still show that railroad transport still remains as an imperative of the growth of many economies for example the when you follow the economic history of the in transport, you find that railroads transport has a lot of influence on the American development since most of the industrial developments, agriculture and even the settlement of the West would have not been possible without it. The problem with the viewpoint is that it gives imperative ideas that only demonstrate the associations that exists between the growth of the railroad network and the growth of the economy but fails to give an establishment of the causal relationship that exist between the railroad and the reorganization of the trade in various regions, the changes that are seen in the structure of the outputs or even other strategic changes that characterize the economy of America such as the rise in the per capita income. It also fails to establish the prima face that justifies the railroad as necessary conditions for any form of developments. The building and construction of such big network of transportation require a large starting capital that may take the form of large volumes of goods such as finances, iron, lumber and even other transport equipment. The particular relevance of the Morris Raphael was not only to the novelty of his viewpoint but on how he summarized the conclusion on for both who lived in the period of railroad revolution and those people who later analyzed it through the lens of past times. It means that it is cheaper to use the railroad means to transport freights that to use the canals or water since railroad can carry five times more than what the canals can carry. Though they provide the same service but railroad provides it at a lower cost to the buyers. The decisive advantage of the railroad over canals and

Individual Data Analysis Report Assignment Example | Topics and Well Written Essays - 3000 words

Individual Data Analysis Report - Assignment Example Although he has enough knowledge needed to start such an upscale restaurant, he is unsure about the demand for such a restaurant in the city. The city had a population of nearly 500,000 but he could not provide any assurance regarding the taste or the income which would generate the demand for his restaurant. In such a situation, Michael requires to collect some additional information, on the basis of which he will succeed in promoting his restaurant properly and make the design, choices and price as per the preferable choice of the customers. In this context, the project aims to answer the questions raised by Michael and suggest him the most suitable way that he should choose to make his new business intervention profitable. The questions are as follows: Is there sufficient demand for such an upscale restaurant in the city? How much price are the patrons or the potential customers willing to pay? What should be the operating and design characteristics of the store? Where should the restaurant be located in the city? What should be the promotional strategy that the organization should follow? In order to find the answers to these questions, the study intends to frame certain hypotheses and find the answers to the questions by accepting or rejecting those. The study also uses descriptive analysis and frequencies to facilitate the process of finding the answers to the questions. Finally, the paper will be providing the necessary recommendations to Michael. Preliminary Analysis In the preliminary analysis, descriptive analysis and analysis using the frequencies is done and it is focused on finding answers to the questions raised by Michael. Frequencies of categorical variable The frequencies of the categorical variable when performed, it firstly found that the people of the metropolitan city where Michael is intending to open his business, about 100 percent of the people do eat in this type of upscale restaurant at least once in every two weeks. The analysis also revealed that maximum people is seen to pay $110 towards their meal in the restaurant for each month, which is unlike the expectation of Michael. When the survey participants were asked for their opinion on the average price charged for an evening meal entree, they are found to spend $16 for evening meal entree itself (See Appendix I). The analysis shows that about 96.3 percent of the respondents watch radio. Among those 96.3 percent, maximum of the respondents are found to be listening to rock music. The next higher percent listens to news or the talk shows. Among the participants of the survey, about 89 percent of the respondents are found to be the viewers of the local news channel. Out of these respondents, maximum percent is the viewers of 10:00 news. Among the 94.5 percent of the respondents who are the readers of newspaper, a majority of the respondents are more interested in the local news. Therefore, the overall analysis reveals that a majority of the sample who participate d in the study are interested in newspaper and radio as their most preferable media which they listen to often. The least preferred one is television. Thus, it can be suggested that among these three, Michael can choose