CAPSIM Notes
CAPSIM Simulation Notes
- Customers (OEMs) are divided into two market segments: High-tech and Low-tech
- Market Segment- group of like-minded customers with similar needs
- Low-Tech Customers- want older, proven products with moderate size a

Page 14:
11. Which of the following variables are qualitative and which are quantitative? If
the variable is quantitative, then specify whether the variable is discrete or
continuous.
A. Points scored in a football game; a point scored in a football game

Facts
Random Facts for Data Analysis
To look up a Z-score from a percent, find the percentage
in the body of the z-chart rather than the columns (look
at B or C, not A)
The sign of the Z-score is determined by which side of the
mean you are working with

44.
A. The Margin of error for the given data is about .031.
B. The curve is normally distributed with a UCL of 29.463 and LCL of -29.067
45. The curve was normally distributed with a UCL of .540 and a LCL of .480
46.
A. The curve was normally distributed

16.
A. 2.179
B. 1.356
C. 2.060
D. 1.316
20.
A. The sample mean is 20 and the sample standard deviation is 12.9615
B.
C.
D. The margin of error increases as the confidence level increases from 80%
to 90%
35.
36.
Page 254
9.
10.
A. That is normally distribu

64.
A. Null: Ho M<=.20
Alternative: Ha: M>.20
B. Test statistic: -1.256
C. The economists concern is justifiable at apha=0.05
66.
A. At 5% level of significance, more than 30% of the viewers will return to see
the movie again.
B. at 10% less than 30% of t

Stacey Butler
For problems 45, 47, 48, 49 I used the Z formula and Z table to come up with
my answers
45. A. 26.43%
B. 52.86%
47. A. 25.14%, 2.28%
B. 30.85%, 6.68%
48. A. less risky
B. more risky
49. A. 29.04
B. 33.84
52. A. 1.06885E-05 (I used the formul

Page 216
Homework #4
Stacey Butler
1. A. Simple Random Sampling: A simple random sample is a sample of n
observations that has the same probability of being selected from the
population as any other sample of n observations. Most statistical methods
presu

22.
A. Alternative: Do women lose on average more than 10 pounds at the popular weight loss
clinic?
Null: Do women not loose on average more than 10 pounds at the popular weight loss
clinic?
B. Decision Rule: At sigma=.05 reject null is Z score is greater

Data Homework #5
Stacey Butler
For this homework I used the new Z formula we got in class
10. A. The probability that the sample mean is more than 105 is 3.67%.
B. The probability that the sample mean is less than 95 is 3.67%. I know this
because it is th

Page 311
75.
A. Alternative: Do women lose on average more than 10 pounds at the popular
weight loss clinic?
Null: Do women not loose on average more than 10 pounds at the popular weight
loss clinic?
B. Decision Rule: At sigma=.05 reject null is Z score i

Business Foundations Exam One
Business- an organization in which basic resources (inputs) such as materials and
labor, are assembled and processed to provide goods or services (outputs) to
customers.
Three types of businesses:
Service- provides service

Review for Exam #3 (Chapters 3-4)
Chapter 3
Nature of the Adjusting Process:
Accounting Period Concept- Revenues and expenses are to be reported in the proper
period; the economic life of the business is divided into time periods
o The time period in whic

Chapter Three (Adjusting Process)
Nature of the Adjusting Process:
o Accounting Period Concept- Revenues & Expenses are to be reported in
the proper period
o GAAP (Generally Accepted Accounting Principles)- determines the
proper period: requires the use o

Book/Cengage Notes
Chapter 1: Intro to Accounting and Business
- Business- Organization in which basic resources (inputs), such as materials and labor, are
assembled and processed to provide goods or services (outputs) to customers
- Profit- Difference be

Vocabulary
Vocabulary for Whole Semester
Data Analysis
Independent Variable- controlled/manipulated by experimenter:
IV is presumed to be the cause of the effect of DV
Dependent Variable-
Response that is measured: the effect: the
statistics that are FOUN

FINAL REVIEW
Population/Sample
A sample is a set of data drawn from the population (the group of all items of
interest to a statistics practioner)
A Parameter measures Population
Statistic measures Samples
Types of Data1. Interval:
a. Real Numbers
b. Quan