1Left skewed tail to the left or 2Normal or 3Right skewed tail to the right or

1left skewed tail to the left or 2normal or 3right

This preview shows page 35 - 40 out of 126 pages.

1.Left skewed (tail to the left), or 2.Normal, or 3.Right skewed (tail to the right), or 4.Bimodal?
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CON 170 Fundamentals of Cost and Price Analysis CON 170, Unit 2 Quantitative Methods for Contract Pricing37The purpose of this lesson has been to highlight some basic ways of analysis simple sets of data. To recap, key values are easily calculated: Mean= Sum of the observations divided by the number of observations. Median= After rank ordering the observations - the middle value or the average of the middle two if there is an even number of observations Range= Subtraction of the Minimum from the Maximum Distributionof a set of numbers can be described in several different ways: -The Center can be described by either mean, median, and mode -Shape is commonly categorized into four common distributions: normal, right skew (tail to the right), left skew (tail to the left), or multi-modal -Spread can be basically described by the range calculating the difference between the maximum and minimum -Trend: Even with data properly normalized for content, quantity, and economics; certain size and/or performance attributes may also help explain prices when faced with wider spreads (high range) and/or multi-modal
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CON 170 Fundamentals of Cost and Price Analysis CON 170, Unit 2 Quantitative Methods for Contract Pricing38Lesson 4 -- ELO 2.03 Given a set of data calculate the Net Present Value of the given data. Introduction This objective of this lesson is to analyze a set of cash flow data, and calculate the Net Present Value. First, the lesson explains the foundational concept of the time value of money. Then, the lesson presents the process for calculating present value, and concludes with calculating Net Present Value.
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CON 170 Fundamentals of Cost and Price Analysis CON 170, Unit 2 Quantitative Methods for Contract Pricing39Time Value of Money.
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