Wk6 DQ – Advanced Statistical Concepts and Business Analytics

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 Question:

Please answer each of the following questions in detail and provide examples for better clarity wherever applicable. Provide in-text citations. In answering the following questions please include choice of significance level and the effect of p values

1. Logistic Regression

  a. Explain the logistic regression model, the independent variables and the dependent variable, assumptions of the model, as well as the objectives

  b. Given the data, what approach is taken to construct the model?

  c. Explain the effect of multicollinearity in logistic regression, and how multicollinearity is detected

  d. Explain the hypotheses on coefficients of the regression and how the results of testing these hypotheses are interpreted about significance of these coefficients? Include both unidirectional and bidirectional situations

  e. How do you interpret the effect of significant coefficients?

  f. How are the distribution of the observed residuals of the constructed model tested for normality? 

  g. What is the coefficient of determination, and what is its significance?

  h. How can the regression model be used for prediction?

2. Discriminant Analysis

  a. Explain the discriminant analysis model, the independent variables and the dependent variable, assumptions of the model, as well as the objectives

  b. Given the data, what approach is taken to construct the model?

  c. Explain the effect of multicollinearity in discriminant analysis, and how multicollinearity is detected?

  d. Explain the hypotheses on coefficients of the model and how the results of testing these hypotheses are interpreted about significance of these coefficients? Include both unidirectional and bidirectional situations

  e. How do you interpret the effect of significant coefficients?

  f. How the distribution of the observed residuals of the constructed model are tested for normality?

  g. What is the coefficient of determination, and what is its significance?

  h. How can the model be used for prediction?

  i. What is the confusion matrix in discriminant analysis?

Note:

1. In answering the above questions, you can provide examples formulated according to the model’s setting without actually constructing the solution.

2. Need to have at least 1 peer-reviewed article as the reference and textbook as the reference

3. Need in-text citation

4. Please find the attachments as the power points of the course for reference.

5. Textbook Information:

Bowerman, B., Drougas, A. M., Duckworth, A. G., Hummel, R. M. Moniger, K. B., & Schur, P. J.  (2019). Business statistics and analytics in practice (9th ed.). McGraw-Hill

ISBN 9781260187496

6. Please find the Course Learning Outcome list of this course in the attachment

7. Need to explain in detail and provide examples 

10-15 not including title and reference slide with speaker notes on all slides except title and reference slide

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Directions

Part 1: Using the research gathered in Project One, provide a visualization for each of the following, then summarize what the data is showing:

  1. The current state of the U.S. automotive manufacturing industry
    1. Sales by fuel type (electric, hybrid, gas)
  2. Current automotive industry trends
    1. The trend toward different types of motors for the vehicles being made and sold, such as electric and hybrid
    2. Trends in customer demands such as vehicle color, extra features, and styles
    3. Trends in the body types of vehicles sold (SUVs, trucks, sedans)
  3. Trends in the new industry
    1. Expected growth areas
    2. Sales by type of products or services offered
    3. Trends in customer demands

Then, provide a summary of all of the data visualized.

  1. Summarize the collective data about both industries as a whole.
  2. Determine what the data is not telling you about the new industry.

Part 2: Analyze three decision making models and select the one model that is best suited for making your decision.

  1. Analyze and provide an overview of the following three models and select one for use. Resources are listed in the Supporting Materials section.
    1. The Rational Model
    2. The Intuitive Model
    3. The Recognition-Primed Model
  2. Explain your choice of decision-making model.
    1. Why does your selection make the most sense for this project?

Competencies

In this project, you will demonstrate your mastery of the following competencies:

  • Utilize information from industry and scholarly sources to inform problem solving and decision making
  • Analyze quantitative and qualitative data to solve problems and make decisions that impact organizations and their
    stakeholders
  • Communicate professionally to diverse internal and external audiences

Scenario

Your presentation to the leadership panel of your company was well received. Now you must create a presentation for a wider audience—stakeholders from inside and outside the company—and include your decisions and recommendations, which were approved by the leadership panel. Remember that your presentation must convey professionalism and be visually appealing as well as informative.

Directions

Create a presentation of your research and data findings from Project Two including your decision and rationale.

  1. Construct a professional business presentation for internal and external stakeholders.
    1. Identify your key message to both internal and external stakeholders.
    2. Illustrate your key points using visualizations.
    3. Tell your story.

Specifically include the following in your presentation:

  1. Communicate your decision about diversification based on your analysis of the data and research.
    1. Use visualizations to tell the story of the (quantitative and qualitative) data.
    2. Determine the likelihood of success based on the data and research collected.
    3. Discuss the impact that moving to the new industry will have on the organization and its internal and external stakeholders.
  2. Detail your recommendations for moving forward.
    1. Summarize findings of the research performed.
    2. Include research conclusions and reasoning.
    3. Describe the rationale behind your recommendations.

Community(Disc)

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Discussion Question:

Using the Tool Kit in the learning materials, describe from the set of criteria you will use to guide and determine the prioritization process upon community health assessment analysis.

Your initial posting should be 400 words in length APA 7th edition format.

 

Community Health Assessment Toolkit

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Step 5: Prioritize Community Health Issues

Purpose

Hospitals and community stakeholders go through a process to distinguish the most pressing community health needs based on the data collected. The identified priority health needs will be addressed through the implementation strategies.

Key Components

Identify criteria for prioritization
Hospitals are at their discretion to develop prioritization criteria and processes. A set of criteria should be determined to guide the prioritization process. Typically, three to six priorities are selected, based on:

  • Magnitude of the problem
  • Severity of the problem
  • Need among vulnerable populations
  • Community’s capacity and willingness to act on the issue
  • Ability to have a measurable impact on the issue
  • Availability of hospital and community resources
  • Existing interventions focused on the issue
  • Whether the issue is a root cause of other problems
  • Trending health concerns in the community

Additional prioritization criteria can include:

  • The importance of each problem to community members
  • Evidence that an intervention can change the problem
  • Alignment with an organization’s existing priorities
  • Hospital’s ability to contribute finances and resources to address the health concern
  • Potential challenges or barriers to addressing the need
  • The opportunity to intervene at the prevention level

Select community health priorities
Priorities can be selected as part of an established process informed by contributing partners, including community stakeholders, health departments, social service agencies, policy makers and hospital leadership. Action steps to be considered are:

  • Select a prioritization committee – Members can be from hospitals, community stakeholder organizations and other organizations/institutions with specialized knowledge or constituents.
  • Discuss the data – Present the qualitative and quantitative data to the prioritization committee. Make sure that the data are presented in a format that is accessible for the individuals on the committee. Foster an environment for open dialogue to discuss the identified health needs thoroughly.
  • Review community assets – Reflect back on your asset map to identify what resources exist in your community to address the need. Take stock of what resources (staffing, in-kind, financial, etc.) in your hospital could potentially be leveraged to address that need.
  • Select priorities – Decide which approach you want to use to determine priority needs.

TECHNIQUESDESCRIPTIONMulti-voting techniqueDecide on priorities by agreeing or disagreeing in group discussions and continuing process/rounds until a final list is developed.Strategy listsDetermine if the health needs are of “high or low importance” by placing an emphasis on problems whose solutions have maximum impact, with the possibility of limited resources.Nominal group techniqueRate health problems from 1 to 10 through group discussion.Hanlon methodList those health needs viewed as priorities based on baseline data, numeric values and feasibility factors.Prioritization matrixWeigh and rank multiple criteria for prioritization with numeric values to determine health needs with high importance.

  • Build consensus around priority needs – If you select priorities that vary from community recommendations, justify the reasons for making those choices. Consider the consequences of not addressing an issue and how that can affect the community’s well-being in the future. In the case of overlapping health needs, consider consolidating into a single priority.
  • Validate selected priorities – Conduct discussion groups with members of your hospital’s steering committee and community members for additional input. Make sure the selected priority needs align with hospital and community sentiment.
  • Present priorities to senior leadership and the hospital’s board of trustees for approval – Align your hospital’s population health management strategy with the community health priorities.

Describe which needs were not prioritized
It may not be possible to address all community health needs at once. If there are significant needs that are not prioritized or will not be addressed, you should be able to describe what the needs are and why you have chosen not to address them.

Discussion: Assessing Musculoskeletal Pain

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PLEASE FOLLOW THE INSTRUCTION BELOW:

5 REFERENCES NOT MORE THAN 5 YEARS

ZERO PLAGIARISM

PLEASE SEE THE ATTACHED RUBRIC DETAILS/7TH APA FORMAT/TEMPLATE BELOW

The body is constantly sending signals about its health. One of the most easily recognized signals is pain. Musculoskeletal conditions comprise one of the leading causes of severe long-term pain in patients. The musculoskeletal system is an elaborate system of interconnected levers that provides the body with support and mobility. Because of the interconnectedness of the musculoskeletal system, identifying the causes of pain can be challenging. Accurately interpreting the cause of musculoskeletal pain requires an assessment process informed by patient history and physical exams.  In this Discussion, you will consider case studies that describe abnormal findings in patients seen in a clinical setting.

To prepare:

  • By Day 1 of this week, you will be assigned to one of the following specific case studies for this Discussion. Please see the “Course Announcements” section of the classroom for your assignment from your Instructor.
  • Your Discussion post should be in the Episodic/Focused SOAP Note format rather than the traditional narrative style Discussion posting format. Refer to Chapter 2 of the Sullivan text and the Episodic/Focused SOAP Template in the Week 5 Learning Resources for guidance. Remember that all Episodic/Focused SOAP notes have specific data included in every patient case.
  • Review the following case studies:

Case 1: Back Pain:

A 42-year-old male reports pain in his lower back for the past month. The pain sometimes radiates to his left leg. In determining the cause of the back pain, based on your knowledge of anatomy, what nerve roots might be involved? How would you test for each of them? What other symptoms need to be explored? What are your differential diagnoses for acute low back pain? Consider the possible origins using the Agency for Healthcare Research and Quality (AHRQ) guidelines as a framework. What physical examination will you perform? What special maneuvers will you perform?With regard to the case study you were assigned:

  • Review this week’s Learning Resources, and consider the insights they provide about the case study.
  • Consider what history would be necessary to collect from the patient in the case study you were assigned.
  • Consider what physical exams and diagnostic tests would be appropriate to gather more information about the patient’s condition. How would the results be used to make a diagnosis?
  • Identify at least five possible conditions that may be considered in a differential diagnosis for the patient.
By Day 3 of Week 8

Post an episodic/focused note about the patient in the case study to which you were assigned using the episodic/focused note template provided in the Week 5 resources. Provide evidence from the literature to support diagnostic tests that would be appropriate for each case. List five different possible conditions for the patient’s differential diagnosis, and justify why you selected each. 

Music Discussion 7

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Directions:

Answer all three questions as indicated.

Questions:

1. In your own words, define ‘flow’ as it relates to hip hop. Is there a specific rapper who’s flow you particularly like? What about their flow is appealing to you? (at least 150 words)

2. Adam Krim suggests three categories of flow which he calls “Sung Flow”, “Percussion Effusive Flow” and “Speech Effusive Flow”. Professor Babin offers a detailed discussion of how rappers flow using rhythmic placement which he terms “Regular”, “Regular Syncopated”, “Irregular Syncopated”, “Parallel” and “Divergent”. In your own words, define all of the types of flow listed above. How might Professor Babin’s rhythmic specific types of flow relate to the three categories suggested by Adam Krim? Can you think of any other ways to describe and distinguish an artist’s flow? (at least 150 words)

3. In 2-4 paragraphs, address the following prompt: (at least 350 words)

Why would there be resentment between one location and another when one appears to be becoming more popular than the other, especially since we all agree that popularity is not the most important thing in terms of “art” . Think about the question not just in terms of East vs. West but in terms of the rise of the South. Does this same kind of issue arise in other genres of music, and, if it does, does it come from the same mental place ?

Social and Cultural Influences Paper

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Social and Cultural Influences Paper

Instructions

The focus of this paper is on the social and cultural influences in your life. The student will submit a paper that describes the social and cultural influences that have shaped his/her lifestyle and career choices. Implications of those influences for the student’s role as an advanced practice nurse should be identified. This paper should be appropriately cited and APA 7 format is required. This paper should be no longer than 6 typed pages (excluding title page and reference page). Students should use the Grading Rubric for Graduate Written Assignments which is located in the content section of the course as a guide. (I have been influenced by the Hispanic American culture, special from the Cuban- American culture because Cuba is my natal country, and I have been living in the USA for the last 20 years, more than half of my life. The social needs and culture of the Miami Florida community shape my live styles and the choice of my career as an advanced practice nurse). *writer, this is a point to start, that maybe you find useful, but be free to be creative*.

Introduction: Strongly conveys the topic and delineates subtopics to be discussed in the body of text in the assignment.  

 Focus and Sequencing: Content strongly related to the topic; strong organization and integration of content within subtopics; and strong transitions linking subtopics and main topic. 

 Support:  Strong scholarly, peer-reviewed support of topic; supporting materials are published within 5-7 years, as appropriate. 

 Conclusion: Strong summarization with synthesis and insightful discussion of topic conclusions. No new information is introduced into the conclusion.   

 Grammar, Spelling, and Punctuation:  No grammar, spelling, and punctuation errors. 

 Writing mechanics are consistent with formal scholarly work. 

 No errors in APA style based upon the required APA manuals.

Phase1 CC

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Primary Task Response: Within the Discussion Board area, complete and upload this Nutritional Intake Worksheet as an attachment.  In the comment box, write 300-500 words that respond to the following questions with your thoughts, ideas, and comments.  Please be sure to put both parts in one post, your initial discussion post.  This will ensure it shows properly in the gradebook and that none of your work is missed by the instructor and other classmates.

Biological Macromolecules in the Foods You Eat

You want to be healthy and have more energy throughout your day. Therefore, you decide to conduct a nutritional analysis. Complete the following:Complete the table to keep track of your food intake for 1 day this week. Include the following:  What type of foods did you eat?  What is the nutritional content of this food? If your food is packaged with a nutritional label, copy that information into the table in Question 2. Otherwise, visit the website in the document to obtain the information.Save your worksheet, and present it with 300-500 words containing the following information:  Which nutrient do you eat the most of?  How does your overall food intake match what is recommended for you?  Do you have a specific exercise goal right now? For example, a weight-lifting plan or a race training plan?  What type of nutrient would your goal require? In other words, if you are trying to build muscle, do you need a lot of energy for a long run, etc.?Do you have a personal health goal right now? In other words, are you trying to lose weight, move more, or generally be more active?  What might you need to change about your current diet to meet this goal? In other word, do you need to cut calories/energy or eat less of a particular nutrient?What changes do you think you might need to make in your diet to meet your health goal or just generally be healthier?  

Discussion Reply- Response 1-2 paragraphs with 1-2 references

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The Transformational Leadership model provides many benefits to all coaches. Currently I am serving as co-head coach of our golf program and as assistant varsity coach with our basketball program.  In both roles Idealised Influence has a mojor impact on our players.  Preparation is one example of how this influence can affect our players.  As coaches we know preparation is an important part of our job to be succcessful. Often times we may not realize our preparation (or lack thereof) is noticed by our players.  How we prepare ourselves and our team for every practice, film session, game, or trip plays a role in how our players will also prepare. This example is also creating good habits.  We have all heard the phrase “do as I say, not as I do”, and that simply does not correlate with transformational leadership.  Coaches need to model the behavior they expect.  When we are prepared we clearly communciate to our teams the expectations and values we want to display.  Creating a positive culture in your program is neccessary for growth and improvement. Positivity spreads good vibes. In one of our basketball drills, we teach pointing to a teammate to recognize a good pass or a good screen. It is important to establish “norms” in practice that will translate to the game, and that goes beyond X’s and O’s.  Players know if they do not spread postivie re-enforcemt to each other, the next group is in the drill and they have lost their opportunity for the moment in that drill.  Leading by example is demostrated in how we communcaite with others.  If a coach is heard or seen berading and yelling at an official, the players may construe this as acceptable behavior.  In order to influence your group in a positive way, the leader must demonstrate these behaviors to all people involved process. A positive culture creates a great learning environment.

Idealised Stimulation can piggyback on this positive culture. Creating and maintaining an environment that allows for people to accepted and valued is very important. It has often been said that people join teams to be part of something bigger than themselves, to be loved, to accomplish a goal, and to feel needed or wanted. Having a team where everyone feels included goes a long way in establishing unity. As a head coach we often spend hours planning and working to set up the perfect game plan or practice schdeule. Incorpoarting your assitant coaches or even players in this process will generate new ideas. Not only does this allow for players to hear other voices but it also gives a sense of empowerment to those included.  Small examples work and does not always mean you have to reliquish authority. In our last golf season we had a very compettive group of girls who could beat one another on any given day. We worked hard to establish team cohesiveness but still wanted the girls to feel like they a major part of some of the decision making. At the beginning of each week near the end of practice we established a players only meeting. The girls would gather together and decide what unifoms combinations they were going to wear for each match for the week. Apparently this is a big deal to high school girls. This was a change for us as in previous years the coaches would just announce what color top and color bottoms each girl needed to wear to the matches.  Allowing them to come together and decide for themselves was important to them. It forced them to communciate and compromise with each other. The ideas grew and team memebrs starting going above and beyond to help each other by making hair bows that cooridinated with the rest of the outfit or tye-dying teams socks. These were things I would have never considered but not only did it bring our team closer together, it allowed for the girls to feel they were a part of the prcocess.

We have all recited our favorite quote from a former coach or even used a line from a our favorite movie to motivate our players before a game. Inspiratinal motivation goes beyond that.  While the players may hoot and holler in the locker room after the inspiring speech, that moment can fade away.  Both in basketball and golf we try to set up small goals each day or week. These goals require some work but should be achieveable goals. These building blocks helps instill confidence.  When you create challenges that are conquered, that person feels good about themself which will improve performance down the road.  Having a series of small successes is creating bank of confidence coaches can draw from in a time of need.  Players who need inspiration or motivation are often dealing with a struggle. Being able to reference a time where they did conquer a quest or were able to work through difficult times will bring back that confidence.  Leaders can instill the will and desire in their players when they have established a positive culture that allows for players and coaches to work together towards a common goal. Creating that environment in pracitce by having acheiveable goals that players have already defeated can motivate them to move forward towards that next step.

Establishing relatonships is at the core of team building.  As mentioned before people will join temas for many reasons, but the feeling of being need or loved is a major factor.  Simple gestures like shaking a players hand each day, looking them in the eyes when speaking and listening are the beginnings of establsihing a good relationship with your players.  This can combine with the IS strategy as well where players or coaches feel they are part of the process and not just another number on the team.  Getting to know your team as a whole is important, but knowing each member on a bit more personal level goes a lot further in establishing a connection. In our basketball pracitces we have a designated time where we will play music.  Music is something that people can connect to that is outside of the sport that brought us together.  Having a team members favorite song play, or allowing them to create the playlist for the drill helps this connection. It creates conversations amongst players and staff that can reveal important details about your group.  Taking the time connect with each indivdual increases that person self worth. They feel not only connected to the team but they feel cared about on a personal level.  

Bernard Bass’ model for leadership is a geat way to create unity.  All members involved in the organization feel that they have value. This allows for new ideas and a cohesiveness that goes beyond the playing arena.

HR CHALLENGE: EVALUATE AND RECOMMEND AN HR PLATFORM

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Introduction

HR professionals are often asked to consider software platforms that provide an effective approach to support different aspects of the employee life cycle. In this assignment, you are being asked to evaluate a platform you search for, identify, and recommend for purchase by CapraTek. The platform should have some or most of the following capabilities: capable of performing recruiting, onboarding, tracking training and education requirements, and identifying internal career pathways.

In this assignment, you select criteria from one of the two articles provided to determine the effectiveness of an HR platform. The intent is for the platform is to be able to meet as many of the demands for managing the employee life cycle as possible. Keep in mind that the thrust of this assignment is not about the actual tool but the content, or better said – can the software you recommend help an organization effectively manage Gallup’s employee life cycle in the organization? Also keep in mind that you may have to recommend more than one platform for all the functions that are included, and it is also possible some capabilities may simply not be available.

Scenario

Dr. Thompson has asked your HR team at CapraTek an essential question, “how do we attract and keep scientists instead of losing good people to our competitors?” The organization has been losing junior and senior scientists at a steady rate, and no one really understands why this is happening. The HR team has been engaged in learning the employee life cycle and collecting information about employee needs via engagement research. Now it is time to select a technology platform that will meet those needs from onboarding to helpful recognition processes that continue to make employees feel successful in their work throughout their tenure at the company. 

Purchasing the Gallup suite of tools is not on the table due to the huge cost of implementation for a medium-sized regional company like CapraTek.

Your Challenge

As an HR team member, you have been assigned this task that has come at Dr. Thompson’s request. Research HR platforms so that you can help to select the best tool to adopt for the employees’ needs at CapraTek.

Instructions 

1. Read the following articles and select the 4–6 appropriate criteria to evaluate the HR platforms you will research.

  • Florentine, S. (2019). What is an HRIS? A key tool for all your human resources needs. CIO.
    • This is an essential article to describe the kind of platforms that are used and some of the companies that produce them. This resource should be the first thing you read about HR systems because it gives important definitions and background, plus it will steer you in the right direction to start your research for the assessment.
  • Makkar, U., & Sanjeev, R. (2014). Determining employees perception through effective HRIS: An empirical study. Journal of Strategic Human Resource Management, 3(3).
    • This short study is also essential to provide the kind of background information about the kind of functionality that an HRIS provides to an organization. This resource helps you to understand the components or criteria that should be part of an HR platform solution so that you can research platforms to find one that suits the needs of CapraTek.

2. Select and research as many HR platforms/tools that are capable of performing recruiting, onboarding, tracking training and education requirements, and identifying internal career pathways as you can.

  • Options for HR platforms of this type are available in industry literature and the marketplace.

3. Write a 3–4-page internal memo about your recommended platform and evaluate it against the criteria from the provided articles. Does it meet the needs of employees at each stage of the employee life cycle and meet the organization’s needs for all of the capabilities? Include the following in your internal memo:

  • To, From, Internal Memo: Select HR Platform, Date.
    • Follow a format similar to a normal paper, including an introduction, conclusion, and the following elements:
    • Explain the 4–6 criteria you selected to evaluate the tools from one or both articles listed in this assignment.   
    • Evaluate platforms for their capability to meet each employee at their respective stage of the life cycle and level of expertise. 
    • Evaluate platforms for their capability to meet the organization’s needs for recruiting, onboarding, tracking training and education requirements, and identifying internal career pathways.
    • Select the most appropriate tool(s) to recommend for adoption by leadership.
    • Explain your rationale for HR platform selection based on the criteria you selected and how the selected tool meets all of the needs of the individual employees and the organization at CapraTek, especially the scientists.

Submission Requirements

The deliverable for this assessment applies professional skills in Human Resources Management (HRM) to workplace situations which you will likely encounter in your day-to-day work in HRM. As part of your learning, we focus on the development of effective professional communication skills for the workplace.

  • Length of paper: Your memorandum should be 3–4 double-spaced pages, including the resources page.
  • Organization: Make sure that your assignment writing is well-organized, using headings and subheadings to organize content for the reader.
  • Font and font-size: Times New Roman, 12 point.
  • Number of resources: A minimum of 4 resources, not including course readings.
  • Evidence: Support your assertions with data and/or in-text citations. Use current APA format for in-text citations and create a reference list at the end of your documents. 
  • APA formatting: Resources and in-text citations are formatted according to current APA style and formatting. 
  • Written communication:
    • Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing standards.
    • Write for a specific audience, using the vernacular of the profession.
    • Use spell-check and other tools to ensure correct spelling and grammar.

Resource 

 

Employee Motivation

The Importance of Onboarding

  • Carucci, R. (2018). To retain new hires, spend more time onboarding them. Harvard Business Review Digital Articles, 1–5.
    • One important part of the employee life cycle is onboarding. This article outlines some best practices for organizational, technical, and social onboarding new employees.
  • Nawaz, S. (2019). How to make sure a new hire feels included from day one. Harvard Business Review Digital Articles, 2–5.
    • This article gives some specific instructions for onboarding new executives and integrating new members into a team. This resource gives valuable advice to HR professionals.
  • Sheridan, K. (2019). 8 tips for awesome onboarding of millennials. Talent Acquisition Excellence Essentials.
    • These tips are good for onboarding, but more importantly for keeping millennials engaged throughout their tenure with your organization.
  • Shufutinsky, A., & Cox, R. (2019). Losing talent on day one: Onboarding millennial employees in health care organizations. Organization Development Journal, 37(4), 33–51.
    • This is a very interesting study that includes employee quotes about their onboarding experiences in health care organizations. This resource connects the value of onboarding to employee motivation.
  • Zielinski, D. (2019). How to optimize onboarding. HRMagazine, 64(2), 1.
    • This article evaluates automated onboarding programs and discusses the positive aspects of “employee-owned” onboarding. This resource directly evaluates the capability of an HR platform to accomplish tasks for a stage of the employee life cycle.

M2 Assignment 1: Discussion—Time Value of Money

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Assignment 1: Discussion—Time Value of Money

Time value of money analysis has many applications—both personally and professionally. The calculations can be performed using Microsoft Excel, factor tables, or a financial calculator to help make informed decisions, such as planning for retirement, loan decisions, and capital projects.

The concept of time value of money helps managers value cash flows and assess risk within the organizations.

In this assignment, you will discuss specific situations where the time value of money is applied in personal and professional situations.

Tasks:

  1. Share any professional and personal decisions you made in which the concept of time value of money was utilized and include the following:
    • The specific decision for which you used time value of money.
    • The manner in which you applied the concept.
    • The tools you used to complete the analysis, including the timeline.
    • An explanation of how using the concept helped you reach a more accurate decision than if time value of money had not been utilized.
      Your response should consist of a minimum of 300 words and demonstrate critical thinking and analysis.
  2. Download the MS6014_M2A1_workbook.xlsx template, and using the appropriate Excel financial functions, do the following:
    • Determine the present value of $75,000 discounted at 6% over 6 years.
    • Determine the future value of $100,000 invested today at 4% for 5 years.
    • Determine what annual payment will need to be invested if you have $10,000 today and want it to grow to $100,000 over 20 years at 4.5%.

Copy and paste the results of task #2 into your post underneath your response to task #1.

Submission Details:

  • By the due date assigned, post your responses to this Discussion Area. Support your assumptions by citing the source material used for this discussion in APA format.
  • Through the end of the module, read and respond to at least two other classmates’ posts on at least two different days of the week. While responding, describe how you would react in situations described by your classmates and discuss additional situations where risk can play a role in decision making.
    Provide substantive comments by contributing new, relevant information or quotes from course readings, Web sites, or other sources; building on the remarks or questions of others; or sharing practical examples of key concepts from your experiences—professional or personal.

Write your initial response in 300–500 words. Your response should be thorough and address all components of the discussion question in detail, include APA citations of all sources, and demonstrate accurate spelling, grammar, and punctuation.