CIS 235
COLLABORATION
Dr. Matt Sopha
Spring 2016
FOR NEXT TIME
Read Chapter 4
Homework 3 Due
1
ETHICAL ISSUES FOR IT
PROFESSIONALS
What are some ethical issues that you think exist for IT
Professionals?
APP PROJECT
2
COLLABORATION
EFFECTIVE
COLLABORATIO
Section 1.2.1: ROI & IRR
A first application of probability in the business world pertains to something
called IRR which is based on something else called ROI.
o IRR = Internal Rate of Return = ROI - 1
o ROI = Return On Investment
Lets start with ROI. Thi
section 1.2.4: Contingency Tables
Many people think that a contingency refers to having a plan. Actually, the term
simply refers to a possibility or probability. As such, making a contingency
plan simply means that you are considering what could occur and
section 1.2.2: Bayesian Probability
The Reverend Thomas Bayes (c. 1702-1761) was an English theologian (a
nonconformist Presbyterian minister) and, more importantly for us, a
mathematician. Bayes Theorem was posthumously named for him by the Royal
Academy
section 1.2.5: probability density functions
In the realm of this course1, a PDF refers to a Probability Density Function.
Recall that we had discussed two discrete probability distributions, the Binomial
and the Poisson. With discrete probability distrib
Section 1.2.3: Decision Trees
Whats a Decision?
Its a selection made between two
or more choices. Note that
if you have only one choice, then no decision can be made. Of course, we can
get into a fairly lengthy philosophical discussion about whether it is