Question: This is what I posted for my assignment: In looking at the matrix methods the one that comes to mind for me with relation to
This is what I posted for my assignment: In looking at the matrix methods the one that comes to mind for me with relation to my line of work would be the substitution method. I didn't realize I was doing this on a daily basis until now. The definition of a matrix is a collection of numbers arranged into a fixed number of rows and columns. When it comes to my line of work, show quotas, my commission, and hostess benefits all fit into the substitution method.I am always trying to make sure my hostess reaches a certain amount in sales so that they can get as much in free products as well as all the other benefits that go along with their party. When a hostess wants to earn a certain amount in free products, I breakdown how much they need in sales. This is further broken down into calculating how many guests they need to have in attendance, how many outside orders they need, and how much each of the orders need to be. I put into consideration the number of guests that may not show up ahead of time and this leads to us figuring out how many outside orders the hostess should expect to have in order to reach the goal. If I want to make a certain amount in commission from a party, I need to ensure there are a certain amount in sales before, during, and after the party. These numbers change as the sales continue to build. A very simple example would be if a hostess wanted to ensure they had a qualified party; they would need $200 in sales. If a hostess had two guests that attended and each of those guests spent $25 then my hostess would need to collect $150 in outside orders. I know that on average most guests spend $50. I would then tell my hostess instead of finding one person to spend $150, collecting three outside orders at $50 each would be more attainable in helping them reach their goal. Not know it but I realized I apply this all the time, but I just don't use x and y when doing my calculations. In an article from UKEssays it stated, "In industries and businesses it is crucial to be fast and accurate in decision making. They use statistics to know what customers want and therefore know what to produce and sell and in what quantities." This all helps in what I am doing when predicting what customers will purchase in order for the sales to be where they need to be.
However, my intrustor responded with this:
Thanks for your post, Chapreese. Can you put the example you've used in a matrix format to fully explain it? What matrix operation is being applied there?
My question is what do I do?
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