Bonnie Is the Owner of Doggie Day Care, a Pet-Sitting

question 54

Essay

Bonnie is the owner of Doggie Day Care, a pet-sitting service.Pet owners bring their dogs to Bonnie's facility, where they are either given private accommodations or are put in a large pen with other dogs.(Private accommodations are more expensive.) Bonnie and her employees feed the dogs twice a day; those dogs in private accommodations are also given two exercise periods per day.Owners pay half the daily fee at the start of the day, and the other half when they pick up the dog at the end of the day; owners must also certify that their dogs have had all required vaccinations.As Bonnie's company is a day care service, no dogs stay the night in her facility.Bonnie accepts cash, checks and major credit cards in payment.List and discuss three to five risk exposures Bonnie's company faces.For each risk you identify, explain where it fits within Brown's taxonomy of risk.

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Definitions:

Distribution

In statistics, it refers to the way in which values of a variable or a set of variables are spread or dispersed across a range of values.

Magnitude

A quantitative measure of size or extent, often used in context to describe the importance or severity of a variable or event.

Correlation Coefficient

A numerical measure that indicates the extent of a linear relationship between two variables, ranging from -1 to 1.

Best Fitting Line

A line that best represents the relationship between variables in a scatter plot, minimizing the distances of the data points from the line.