Business Statistics
6500:304
Fall 2016
Instructor: Scott C Bible
Final Exam Study Guide
Chapter 1 (1 Question)
Statistical Inference definition
Chapter 2 (2 Questions)
Types of graphs and charts
Qualitative and Quantitative data
Chapter 3 (3 Questions)
Ce
CH 2 Definitions
Raw Data
Data collected in original form.
Frequency
The number of times a certain value or class of values occurs.
Frequency Distribution
The organization of raw data in table form with classes and frequencies.
Categorical Frequency Distr
CH3 Definitions
Statistic
Characteristic or measure obtained from a sample
Parameter
Characteristic or measure obtained from a population
Mean
Sum of all the values divided by the number of values. This can either be
a population mean (denoted by mu) or a
CH 1 Definitions
Statistics
Collection of methods for planning experiments, obtaining data, and then
organizing, summarizing, presenting, analyzing, interpreting, and
drawing conclusions.
Variable
Characteristic or attribute that can assume different valu
F-Test
The F-distribution is formed by the ratio of two independent chi-square
variables divided by their respective degrees of freedom.
Since F is formed by chi-square, many of the chi-square properties carry over
to the F distribution.
The F-values are
McKinsey 7-S Framework
Strategy: the plan devised to maintain and build competitive advantage over the competition.
By "strategy" we mean those actions that a company plans in response to or anticipation of changes in its external environment its customer
Power the potential of a person to influence the behavior of another person. Nonverbal cues are power posing which are posture and use of
space, body language which are eye contact, smile and expressions, tone of voice and dress.
French and Raven Legitima
6500 302 -
Exam 2 Study guide
Exam 2 Review Guide
Covers the three topics covered post examination 1.
You should also know the following basic concepts in OB:
o Independent variable, dependent variable (also known as criterion variable),
moderator and m
A systematic study examines relationships and attempts to attribute causes and effects. It bases conclusions on scientific evidence and data is
gathered under controlled conditions. Data is measured and interpreted in a rigorous manner.
Casual inference i
LEADERSHIP
1
Topic 7
(Chapters 13 & 14)
POWER
The potential of a person to influence the
behavior of another person
Potential
because power may exist but one
may not exercise it
Power emerges from dependence of others on
the person having the power.
P
OB
6500 302
Topic 5
Organization culture
Chapter 16
McKinsey 7-S Framework
"Culture eats strategy for breakfast."
What Is an Organizational Culture?
Organizational culture
Also called corporate culture
Its perceptive, we are unaware of it, until its c
CH 9 Definitions
Null Hypothesis ( H0 )
Statement of zero or no change. If the original claim includes
equality (<=, =, or >=), it is the null hypothesis. If the original claim does
not include equality (<, not equal, >) then the null hypothesis is the
co
CH 5 Definitions
Probability Experiment
Process which leads to well-defined results call outcomes
Outcome
The result of a single trial of a probability experiment
Sample Space
Set of all possible outcomes of a probability experiment
Event
One or more outc
Business Statistics
6500:304
Fall 2016
Professor Bible
Exam 3: Practice Questions
1. Consider the following one-way ANOVA table. What is the value of the F statistic?
ANOVA table
Source
Treatment
Error
Total
SS
213.88
11.21
225.09
df
3
20
23
MS
F
2. Consi
Business Statistics
6500:304
Fall 2016
Professor Bible
Exam I Study Guide
Tips:
Study Book and Slides: Odd Numbered problems have solutions in back of the book.
Practice skills learned in Homework and Quizzes
Know what each equation is used for and how to
Business Statistics
6500:304:801
Fall 2016
Professor Bible
PRACTICE TEST
Chapters 1, 2, 3, 4, 5, & 6
True / False Questions (1 point each).
1. A random sample is selected so that every element in the population has the same chance of
being included in the
Study Guide: Test 2
Topics:
1. Sampling Distribution of sample means (Chapter 7)
a. Random sampling importance and strategy
b. Point estimates
c. Central Limit Theorem
2. Confidence Intervals
a. Standard Error of Estimate (sample mean)
b. Margin of Error
Business Statistics
6500:304
Fall 2015
Instructor: Scott C Bible
ANOVA Practice Test
1. Given the following ANOVA table (some information is missing) find the critical value of F.05.
Source
Treatment
Error
Total
A.
B.
C.
D.
SS
744.0
751.5
1495.5
df
4
15
1
Executive Summary:
The experiment itself was fairly easy. We found that the most difficult part of doing the
experiment was using the cotton gloves to sort the beans. Also in appendix A we concluded that
some participants did not follow the directions exa
CH 6 Definitions
Random Variable
Variable whose values are determined by chance
Probability Distribution
The values a random variable can assume and the corresponding
probabilities of each.
Expected Value
The theoretical mean of the variable.
Binomial Exp
CH 7 Definitions
Central Limit Theorem
Theorem which stats as the sample size increases, the sampling
distribution of the sample means will become approximately normally
distributed.
Correction for Continuity
A correction applied to convert a discrete dis
CH 8 Definitions
Confidence Interval
An interval estimate with a specific level of confidence
Confidence Level
The percent of the time the true mean will lie in the interval estimate
given.
Consistent Estimator
An estimator which gets closer to the value
Organizational behavior
6500 302
Topic 6
Organization Structure
McKinsey 7-S Framework
Designing Organizational Structure
Organizing
The process by which managers establish
working relationships among employees to
achieve goals.
Organizational Structur