Question one. i). Quality visualization. Commbank busin

Question one
i)
Quality visualization
Commbank business retail insight report responds to competitive pressures and the
retailers in Australia desires to drive efficiency within their businesses hence growth
in performance. This has helped retailers to adopt to an innovative mindset in
production, technology, growth hence maximization on every opportunity.
Presentability
Commbank retail business is comprised of quantitative survey sub sets of business
owners, decision makers and managers.
The information provided on commbank retail business is on innovation index
measures that consist of 15 core elements of innovation across management
capability and entrepreneurial behavior.
ii)
Dynamic of innovation investment
Retailers behaviors and capabilities have enhanced innovation hence through
decision making they can incorporate innovation into staff hiring, evaluation process
of the business hence willingness to take risks.
Investment innovation
Retailers are likely to take part or invest in innovative sales and marketing .Through
decision making retailers are able to understand and put practice new methods of
training staffs and renovation of their stores online.
Return investment
An example where retailers are receiving almost two dollars from every dollar
invested .In innovation , this suggest that you don’t need to have significant
budgets to generate a substantial return on their innovation while retailers are
making decisions concerning their business based on return .They should also
consider the amount invested to produce twice the amount invested.
Adoption of innovation behavioral traits
Retailers will change their behaviors in business and be innovative by considering
online platform for selling their products and attracting new customers.

iii)
Summary
The insight report on commbank retail business is based on a sub sets of wide
range of quantitative survey .It has an innovation index which measures 15 core
elements of innovation across management capability and entrepreneurial
behavior .Some of the methodology tools used by Commbank retail business to
respond to the competitive pressure ,desire to be successful within their business
hence growth in performance of the business .The tools are ;dynamics on
innovation ,investment innovation ,return innovation and finally the ability of the
retailer to adopt innovation behavioral traits. The tools focuses on different ways a
retailer can be innovative and invest the resources he or she owns to the business
and hence lead to a gain in profit return .This is influenced by a retailer behavioral
traits.
iv)
The report should offer information on products performance, hence the ability of
the retailer to decide which product is worth investing on.
The insight report should offer sales report on how much more the business is
generating in a certain period of time.
Question two
i)
Regression analysis is used in statistics to be able to find trends. An example of
someone who has been adding weight over the past years, it is easy to predict how
he or she will weigh in the next five years , if he or she continues gaining weight at
the same speed.
ii) The heights and weights of students in Kenya school
Stu
den
t
Heig
ht
Weig
ht
1 73.8
4702
241.
8936
2 68.7
819
162.
3105
3 74.1
1011
212.
7409
4 71.7
3098
220.
0425

5 69.8
818
206.
3498
6 67.2
5302
152.
2122
7 68.7
8508
183.
9279
8 68.3
4852
167.
9711
9 67.0
1895
175.
9294
10 63.4
5649
156.
3997
iii)
62 64 66 68 70 72 74 76
0
50
100
150
200
250
300
Weight for height graph
Hieght of the students
Weight for the students
There is a relationship between weight and height therefore as height increases
weight also increases, showing that there is a direct proportion.
iv)
Stude
nt
Height
(x)
Weigh
t (y)
X*y X2 Y2
1 73.84
702
241.8
936
17863
.12
5453.
382
58512
.5
2 68.78
19
162.3
105
11164
.02
4730.
95
26344
.69