Decision Support Tools Tasmania

Question: Discuss about theDecision Support Toolsfor Tasmania. Answer: Introduction The Tasmania state of Australia is the 26th largest island in the world with 334 islands surrounding it. Tasmania is naturally very beautiful and attractive due to its worldwide famous mountains and waterfall with islands and snow all around the region. Coaching colleges in this region will be a great move it has a population nearly around 519100 and tourists visit Tasmania all over the year (The Voice of Local Government in Tasmania, 2017). Tasmania doesn't have very good schools and universities as it's not very famous as other states of Australia so children here cannot receive excellent education and guidance so if we set up coaching college or centre in Tasmania a large number of students will enroll themselves but in order to do so we need to keep the fee structure low and target as many parents and schools goers as possible. Parents here have low financial income but people with businesses like clothes and tourism earns good money so we have to target mainly to these people as people here mostly do the business of tourism and shops. As tourists visit Tasmania majorly we can introduce student's exchange program where international students can come and experience the educational system for a month. These strategies will really help in building the coaching college centre for a long run up to 10 or more years as competition in Tasmania is less and and demand for coaching college is high, therefore, the people of Tasmania earn a good living and education is highly appreciated so parents would pay for coaching centres which will be good for guiding and education their children and shaping their career (History of Local government in Tasmania, 2017). Statistical Data of Tasmania Tasmania is a beautiful natural region of Australia it has a wide range of forests. It has a rich agricultural commodity covering stocks and trades of 20 commodities like oilseeds, livestock, food, wool, forestry, horticulture, fisheries products etc. Tasmania apart from being very beautiful it has good cultural activities and participation of people. The business sectors here employs a large number of household and other economic activities enhance the city of Tasmania. Tasmania is 895992 km in area with a population of about 520178 until 2016. It is surrounded by 65134 km island and also covered by several other islands. Australian constitution of commonwealth prescribes power of each level of governmental enjoys. Tasmania is gifted with both mountains and beach which attracts a large number of tourists places like Dove Lake, Cradle Mountains, wineglass bay, a lavender farm in Nabowla, etc. are major tourists destinations in Tasmania Australia. Tasmania is very homogeneous with 68% residents of estimated 11000 families from the mid-19th century. Tasmania has all sorts of demographic aspects where all age groups of people reside but youths being large in number. Therefore, if coaching college and centers set up in Tasmania it will be a good strategy and move which will be for a long run in educating students. Tasmania has potential students and parents who are passionate towards educating their children but guidance at the same time is prominent but in states like Tasmania where big universities are not found it is necessary to have good coaching colleges to develop the students professionally. Population Data S.N Local Government Area Total Population Number of adults between 25-35 Number of Childrens between 7-12 1 Hobart, TAS 126,046 75694 50352 2 Launceston, TAS 68,442 41907 26535 3 Devonport, TAS 21,576 11341 10235 4 Burnie, TAS 18,092 9092 9000 5 Somerset, TAS 18,093 9083 9010 6 Blackmans Bay, TAS 14,826 8284 6542 7 Kingston, TAS 14,828 8303 6525 8 Ulverstone, TAS 9,513 4951 4562 9 Gagebrook, TAS 6,692 3430 3262 10 Bridgewater, TAS 6,694 3542 3152 11 New Norfolk, TAS 5,015 2550 2465 12 Wynyard, TAS 4,637 2685 1952 13 George Town, TAS 4,125 2169 1956 14 Sorell - Midway Point, TAS 3,604 2279 1325 15 Smithton, TAS 3,146 1668 1478 16 Penguin, TAS 2915 2263 652 3,28,244 189241 139003 S.N Local Government Area Number of adults between 25-35 Minimum children Requirement (X) Probability (P) Expected value 1 Hobart, TAS 75694 100 0.230 23 2 Launceston, TAS 41907 100 0.217 21.7 3 Devonport, TAS 11341 100 0.034 3.4 4 Burnie, TAS 9092 100 0.027 2.7 5 Somerset, TAS 9083 100 0.027 2.7 6 Blackmans Bay, TAS 8284 100 0.025 2.5 7 Kingston, TAS 8303 100 0.025 2.5 8 Ulverstone, TAS 4951 100 0.015 1.5 9 Gagebrook, TAS 3430 100 0.010 1 10 Bridgewater, TAS 3542 100 0.010 1 11 New Norfolk, TAS 2550 100 0.007 0.7 12 Wynyard, TAS 2685 100 0.008 0.8 13 George Town, TAS 2169 100 0.006 0.6 14 Sorell - Midway Point, TAS 2279 100 0.006 0.6 15 Smithton, TAS 1668 100 0.005 0.5 16 Penguin, TAS 2263 100 0.006 0.6 189241 0.658 65.8 Local Government Areas average income of adult ( A$ per person per week) Population of Adults(Xi) Probability P(Xi) Total Income of Adults ($) EMV ($) Hobart, TAS 1280 75694 0.230 96888320 294.4 Launceston, TAS 1265 41907 0.217 53012355 274.505 Devonport, TAS 1125 11341 0.034 12758625 38.25 Burnie, TAS 1325 9092 0.027 12046900 35.775 Somerset, TAS 1452 9083 0.027 13188516 39.204 Blackmans Bay, TAS 1232 8284 0.025 10205888 30.8 Kingston, TAS 1150 8303 0.025 9548450 28.75 Ulverstone, TAS 1002 4951 0.015 4960902 15.03 Gagebrook, TAS 1321 3430 0.010 4531030 13.21 Bridgewater, TAS 1251 3542 0.010 4431042 12.51 New Norfolk, TAS 996 2550 0.007 2539800 6.972 Wynyard, TAS 1234 2685 0.008 3313290 9.872 George Town, TAS 889 2169 0.006 1928241 5.334 Sorell - Midway Point, TAS 1252 2279 0.006 2853308 7.512 Smithton, TAS 956 1668 0.005 1594608 4.78 Penguin, TAS 1785 2263 0.006 4039455 10.71 189241 0.658 237840730 827.614 References History of Local government in Tasmania. Tasmanian Government. Retrieved from https://www.dpac.tas.gov.au/divisions/local_government/what_is_local_government/local_government_in_tasmania The Voice of Local Government in Tasmania. Local Government Association Tasmania. Retrieved from https://www.lgat.tas.gov.au/page.aspx?u=221