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Week%204-ACC381

Week%204-ACC381 - CollegeofBusiness Information Systems...

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Name College of Business Information Systems Management / Accounting Information Systems Lab - Logic in Decision Making Samantha Kleitsch / Lise Urbaczewski

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What is Logic? What comes to mind when we say ‘logic’? Discuss…. http://www.youtube.com/watch?v=k0xgjUhEG3U Perhaps ‘reasoning’? Helps us make an ‘argument’ based on fact or fallacy. In business – a decision – a BETTER decision! Property of L. Urbaczewski / S. Kleitsch
FOCUS Today: 1. Logic! What is it? 2. Boolean logical values and functions Big words! Yikes! 1. Relational Operators 2. Order of Precedence 3. IF conditions 4. Nested functions 5. Complex logic! Break into simple logic that we already understand 1. Assignment 4: Applying Logic Property of L. Urbaczewski / S. Kleitsch

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Boolean logical values and functions Boolean Values: TRUE or FALSE, (yes or no, 1s and 0s) Functions: AND, OR, and NOT What happens to your data with Boolean Logic? Is this good? Bad? Property of L. Urbaczewski / S. Kleitsch
Loan approvals – what comes to mind? Credit score Length of employment (minimum # years) Other debts Income (amount) ……. ??? How can you phrase these into Boolean logical values (true / false) ??? Very objective! Good!! Could there be a down-side to this?

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Week%204-ACC381 - CollegeofBusiness Information Systems...

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