COMM
Course outline

# Probability basic rules and relationships nov 1 5 9a

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Probability: Basic rules and relationships QMB 2.3-2.4 Nov 1 - 5 9A How do we determine if advertising influences product purchases? Probability: Conditional & Joint QMB 2.4 9B The doctor says a medical test is very accurate. What does this really mean if you test positive? Probability: Bayes Theorem QMB 2.5 HW4* Nov 8 - 12 10A There are too many choices and too many possibilities that can occur when I do choose. How do I decide what to do? Is there a best choice? Decision Analysis QMB 4.1- 4.2 10B Good decision but bad outcome. Did I make a mistake? Decision Analysis QMB 4.4 HW5

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Page 8 of 8 Nov 15 - 19 11A Oh, no! The problem is much bigger than I originally thought. What do I do now? Decision Analysis: Sequential Decisions QMB 4.4 - 4.5 11B Should I hire an expert to help me? Decision Analysis: Bayesian revision & Sensitivity Analysis QMB 4.4 - 4.6 HW6* Nov 22 - 26 12A Lotteries: The tickets are not expensive but should you buy one? Probability Distributions: Discrete Random Variables QMB 3.1 - 3.2 12B If something is truly random, then is there any use in trying to understand it? Probability Distributions con’t. QMB 3.1 - 3.2 HW7* Nov 29 - Dec 3 13A Two things are happening at once. How can I make good decisions now? Probability Distributions: Bivariate Distributions CLASS HANDOUT 13B Two stocks have the same average price. Does this mean they are equally risky? Probability Distributions: Bivariate Distributions CLASS HANDOUT * Homework marked with a “*” is to be handed in for grading. Homework not marked with a “*” ( is for practice only) and must not be handed in for grading and will not count towards your grade in this course. Subject to change.
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• Spring '09
• Brian

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