Managerial Report for Golf Equipment, Inc.
Autor: flenlips • March 16, 2015 • Business Plan • 746 Words (3 Pages) • 1,104 Views
Managerial Report for Golf Equipment, Inc.
Ryan
BUAD2070
Mr.K,
Golf Equipment, Inc. is quite the interesting company. They have developed a new coating designed to resist cuts and provide a more durable golf ball, at an equivalent distance of some less-durable balls. One concern for the company was the effect of the new coating on driving distances. Golf Equipment wanted the new cut-resistant ball to offer driving distances comparable to those of the current-model golf ball. 40 balls of both new and current models were subjected to a distance test. The testing was performed with a mechanical hitting machine so that any difference between the mean distances for the two models could be attributed to a difference in the two models. As golf is normally a serious investment, the data was interpreted accordingly to make sure that the ball has comparable distance. Since the ball has a comparable distance, this means they have created a more durable golf ball with the *same performance as a softer cover ball.
The statistics for the testing of the golf balls are below, using a 95% Confidence Interval. (Meaning 95% of the time, the numbers fall within the parameters tested.) Some quick numbers I feel that are important to make a quick comparison have been color coded for your eyes. This does not mean this is the Alamo for the new ball, as a quick look shows its yardage a mere 3 yards less on average than the current ball.
→The Current Ball:
Average Distance is 270.275 Yards
Standard Error 1.38 (Standard Deviation from average distance)
Mode 263 Yards
Standard Deviation from the average is 8.75 Yards
Range from lowest to highest: 34 Yards
Min Yardage 255
Max Yardage 289
Confidence Level is within 2.8 yards of the calculated average.
→The “New” Ball:
Average Distance is 267.5 Yards
Standard Error 1.56 (Standard Deviation from average distance)
Mode 263 Yards
Standard Deviation from the average is 9.89 Yards
Range from lowest to highest: 39 Yards
Min Yardage 250
Max Yardage 289
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