41 Last Lecture - EE 597 cture 41 CEE 597 Lecture 41 Final...

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Unformatted text preview: EE 597 cture 41 CEE 597 Lecture 41 Final Lecture ABC Video 26 February 2007 Jery Stedinger Review of Hypothesis Testing 1 Risk Taking 26 February 2007 Jery Stedinger Review of Hypothesis Testing 2 EE 597 Risk Analysis and Management CEE 597 Risk Analysis and Management Study Period Office Hours. May 8 & 10 TuTh 12:30 2:00 pm Hollister 366 on Tu; Hollister 352 on Th. uestions can also be directed to: Questions can also be directed to: Dillon Cowan <dilloncowan@gmail.com>, 211 Hollister xam is open book and open notes Exam is open book and open notes Final EXAM Sat. May 12 th , 2007, 9-11:30 am in Olin 155 Hollister 220 has extra handouts. Additional finals posted on course web site. 26 February 2007 Jery Stedinger Review of Hypothesis Testing 3 If you cannot attend the alternative Final given on Saturday 12 May 9 am, lease contact Prof Stedinger to please contact Prof. Stedinger to confirm alternative arrangements. Tuesday e-mail went to all those for whom special arrangements expected. Still time to file a review of the course n e PLEASE on-line, PLEASE. 26 February 2007 Jery Stedinger Review of Hypothesis Testing 4 an we do it? Can we do it? 26 February 2007 Jery Stedinger Review of Hypothesis Testing 5 How Americans re living are living dangerously It would be a lot easier to enjoy your life if there weren't so many things trying to kill you every day. Shadowed by peril as we are, you would think we'd get pretty good at distinguishing the risks likeliest to do us in from the ones that are statistical long shots. But you would be wrong, and it's almost certainly something we can learn to do better. http://www.cnn.com/2006/US/11/26/cover.story.tm/index.html 26 February 2007 Jery Stedinger Review of Hypothesis Testing 6 Times Magazine: Nov. 25, 2006 Problem Solving Strategies For Engineering Problems 1. What is needed? 2. What do you know? 3. Draw a picture showing relationships . Think about it 4. Work forwards and backwards to devise a plan to solve a problem 5. Check for a better strategy 6. Execute the plan 7. Check that you have (a) answered original question, (b) within constraints, and (c) that answer is reasonable . 26 February 2007 Jery Stedinger Review of Hypothesis Testing 7 ormal Analyses Formal Analyses and Cost-Benefit Computation This is roblem Solving! Problem Solving! 26 February 2007 Jery Stedinger Review of Hypothesis Testing 8 evelopmental Stages in Risk Management Developmental Stages in Risk Management All we have to do is get the numbers right. All we have to do is tell them the numbers. All we have to do is explain what we mean by the numbers. ll we have to do is show them that they've accepted similar All we have to do is show them that they ve accepted similar risks in the past....
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41 Last Lecture - EE 597 cture 41 CEE 597 Lecture 41 Final...

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