Quantitative Literacy Study Report

Quantitative Literacy Study 1
INDIVIDUAL QUANTITATIVE LITERACY STUDY
By (Name)
Course
Professor
University Name
City and State
Date

Quantitative Literacy Study 2
Introduction
Quantitative literacy refer to the research method skills used in the process of gathering
and the manipulation of numerical data (Moore,2016; Mellow, 2018; Vacher, 2014).
Quantitative literacy skills enable researchers to read, understand and correctly interpret graphs,
statistical tables, and journals. Also, quantitative skills also enable researchers to understand the
validity of the books they read from a critical point of view. Every quantitative tool of
representing data has literal and a statistical interpretation (Hayter, 2013; Hartmann, 2016). All
data representation tool has both external and internal interpretation. Perfect quantitative
business organization evaluation skills are required in this order; therefore my understanding of
business evaluation skills will be demonstrated.
Background and Requirements
Perfect business management skills are paramount for every business; therefore all
business owners, managers, and entrepreneurs require perfect management skills to run
businesses successfully. In a business setup, there are many factors which determine the success
of a business premise. One of the success factors is the assessment and management of business
competition (Ivasechko and Dorosh, 2016). Competition increases efficiency in service delivery.
In this case study, a third business operating in the local area indirectly competes with two of my
businesses.
Business 1
The first business is a medium car valet car wash operating in a nearby shopping Centre.
The business has two vacuum bays and four hand washing bays. The success of the business is
linked to its proximity to the major shopping market. The shopping market is the source of the
majority of the customers whose cars are washed in the premise. Most of the customers go for

Quantitative Literacy Study 3
shopping as their cars are washed. The car was business is dependent on the activities of the
shopping Centre therefore, operating hours of the shopping center defines the operating hours of
the business. However, there is an option of extending the operating hours if loyal customers
visit the business at odd hours.
In normal circumstances, the business operates 8 hours per day in 6 days a week because
the shopping center is non-operational on Sundays thus no many customers on Sundays to
support business operations. A total of 12 employees work in the car wash each taking a one-
hour break during the 8-hours working hours operation. The vacuum and hand wash bays share
the 12 employees equally who work under instructions of one overall operations manager. The
charge for a vacuum cleaning is $10 and $40 for hand washing service. Each takes an average of
10 minutes to vacuum clean while hand washing takes an average of twenty minutes. All this
information is tabled below;
Type of Service Charges per car in $ Time taken(in minutes)
Hand washing 20 20
Vacuum cleaning 10 10
Totals in an hour 120(from both bays in an hour) 60 minutes in an hour
Calculation of maximum gross revenue for the two bays in a 48 hours duration
Assumption 1: the car wash operates continuously without a break in 6 days a week (8*6= 48
continuous working hours in a week)
In one day, the hand wash bay washes a maximum total of:
60∗8
20 = 24 cars
Therefore, the total revenue in a day from the bays is $480 (i.e. 24*$20=$480)