BUS 771
Dr. Carol Stockman
NAME: _Chrissy SChonher_
Unit 7 Homework
1.
The U.S. Department of Energys Fuel Economy Guide provides fuel efficiency data for cars and trucks. A
portion of the data for 311 compact, midsized, and large cars is contained in the

BUS 771
Unit 5 Homework Answers
1.
Salesperson
Smith, Michael
Yu, Joe
Reeves, Bill
Hamilton, Joshua
Harper, Derek
Quinn, Dorothy
Graves, Lorrie
Sun, Yi
Thompson, Nicole
Total Sales ($)
325,001
13,678
452,359
87,424
87,654
234,091
379,402
31,734
127,845
Av

BUS 771 Quantitative Methods
Dr. Carol Stockman
NAME: _
Unit 6 Homework
In addition to the problems below, there are two problems on Cengage Now in the assignment Unit 6 Homework.
These questions are from the end of chapter problems in Chapter 4 of The Es

Unit 4 Quiz KEY
BUS 771
1.
States of nature
a. can be selected by the decision maker.
b. cannot be enumerated by the decision maker.
c. can describe uncontrollable natural events such as floods or
freezing temperatures.
d. All of the alternatives are true

Unit 5 Quiz
BUS 771
Unit 5 Quiz Final Answers
1.
Data-ink is the ink used in a table or chart that:
a. helps in presenting data when the audience need not know
exact values.
b. increases the Non-data-ink ratio.
c. does not help in conveying the data to th

Unit 7 Quiz
1. The process of making conjecture about the value of a population parameter, collecting sample
data that can be used to assess this conjecture, measuring the strength of the evidence against
the conjecture that is provided by the sample, and

BUS 771 Quantitative Methods
Dr. Carol Stockman
Answers for Homework 1
When looking at this answer key, remember that everyone received
different problems so this may not be the same problem you answered.
It does serve as a guide as to how to answer simil

Department of Business and Economics
College of Graduate Studies and Research
California University of Pennsylvania
California, PA 15419
BUS 771 Quantitative Methods
Dr. Carol Stockman
Midterm Exam #1
Part 2 (Problems)
Fall 2016
NAME: _
By completing and

Quiz Ch.3 Data Ink
1. Data-ink is the ink used in a table or chart that: is necessary to convey the meaning of the
data to the audience.
2. Deleting the grid lines in the table and the horizontal lines in the chart:
increases the
data-ink ratio.
3. In man

Quiz 2
In the set of all past due accounts, let the event A mean the account is between 31 and
60 days past due and the event B mean the account is that of a new customer. The
complement of A is
Answer: all accounts fewer than 31 or more than 60 days past

BUS 771
Dr. Carol Stockman
NAME: _
Unit 7 Homework
1.
The U.S. Department of Energys Fuel Economy Guide provides fuel efficiency data for cars and trucks. A
portion of the data for 311 compact, midsized, and large cars is contained in the file fueldata.xl

BUS 771 Quantitative Methods
Dr. Carol Stockman
NAME: _Lyric Behanna_
Unit 6 Homework
In addition to the problems below, there are two problems on Cengage Now in the assignment Unit 6 Homework.
These questions are from the end of chapter problems in Chapt

Ch. 4 Quiz
1. States of nature -
b. can describe uncontrollable natural events such as floods or freezing temperatures.
2. Making a good decision -
a. requires a clear understanding of decision alternatives, states of nature, and
payoffs.
3. A decision tr

A numerical description of the outcome of an experiment is Random Variable
Which of the following are continuous random variables?
I.
the weight of an elephant
II.
the time to answer a questionnaire
III. the number of floors in a skyscraper
IV. the square

Unit 5 Quiz KEY
BUS 771
1.
Data-ink is the ink used in a table or chart that:
a. helps in presenting data when the audience need not know
exact values.
b. increases the Non-data-ink ratio.
c. does not help in conveying the data to the audience.
d. is nece

OBS MAKE
1 Audi
2 Mini
3 Volvo
4 Saab
5 Mercedes-Benz
6 Jaguar
7 Bugatti
8 Lotus
9 BMW
10 BMW
11 Porsche
12 Nissan
13 Porsche
14 Ford
15 Mitsubishi
16 Aston Martin
17 Mercedes-Benz
18 Maserati
19 Spyker
20 Ferrari
21 Mosler
22 Lamborghini
23 Chrysler
24 B

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 1 Notes/Highlights
In this unit we will explore the definition and basic uses of "Management Science."
Definition
Management science (MS) (also called operations resea

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 3 Probability Distributions
A random variable assigns a real number to every possible outcome or event in an
experiment.
X = number of refrigerators sold during the

BUS 771 Quantitative Methods
Unit 5 Highlights
Data visualization is a general term that describes any effort to help people understand the
significance of data by placing it in a visual context. Patterns, trends and correlations that might
go undetected

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 7 Highlights
"Statistical inference" is the process of using a sample of data to make inferences, or draw
conclusions, about the unknown population. In terms of r

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 8 Highlights
Managers are always trying to reduce uncertainty and make better estimates of what will
happen in the future. Some firms use subjective methods:

Unit 2 Quiz KEY
BUS 771
Unit 2 Quiz Final Answers
1.
In the set of all past due accounts, let the event A mean the account is
between 31 and 60 days past due and the event B mean the account is
that of a new customer. The complement of A is
a. all new cus

Unit 3 Quiz
1. A numerical description of the outcome of an experiment is
1.
2.
3.
4.
a discrete variable.
a random variable.
an experimental variable.
a normal variable.
2. Which of the following are continuous random variables?
I.
the weight of an eleph

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 11 Highlights
The program evaluation and review technique (PERT) and the critical path method (CPM) are
two popular quantitative analysis techniques to help plan

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 9 Highlights
Many management decisions involve trying to make the most effective use of limited resources.
Linear programming (LP) is a widely used mathematica

Unit 1 Quiz KEY
BUS 771
Unit 1 Quiz Final Answers
1.
Your grade in BUS 771 is
a. determined almost entirely by the final exam.
b. determined by several evaluations (exams, quizzes, exercises)
each carrying substantial weight.
c. determined by your partici

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 2: Probability
This unit introduces basic concepts and rules related to probability. Since most business
decisions involve uncertainty (that is, they are probabilistic),

BUS 771 Quantitative Methods
Dr. Carol Stockman
Unit 12 Highlights
Inventory1 is an expensive and important asset to many companies. Inventory is any stored
resource used to satisfy a current or future need.