Quiz 1 will be made up of numerous parts. Some of these may be given unannounced in class
or may be done via Blackboard. The major part will be take home.
90
Points
80
5
5
Total to date
Part
Part 1, Take Home due on 7-18-07
Part 2, In class on 7-11
Part 3
Economics 610
15,Pink Black
,0 Black B Pink
10,Pink B A
15Black
24
2
Fall 2010
Assignment #2
Due: 7:00 April 12, 2010
(7 points)
Ci rcle the one a lternative that best completes the statement or answers the question.
a.
b.
c.
d.
1. If promotional expendit
Outline for Confidence Intervals and Tests on One Parameter
R.L. Andrews (revised April 2006)
If the data are from a process then check to assure that the process is stable. Do not attempt statistical
inference for an unstable process. Identify the unknow
This workbook contains the data and accompanying
Excel analysis for a set of data gathered by Christine McDaniel
in the spring of 1995 at a Ukrops grocery store.
I have included some Excel menus but do not put them in your report.
The sampling units (enti
Chapter 21Costs and the Supply of Goods
1. Which of the following items is most likely to be an implicit cost of production?
a. property taxes on a building owned by the firm
b. transportation costs paid to a trucking supplier
c. rental payments for a bui
Game Theory, continued
Repeated Games a better representation of business strategy
than Single-shot games
First the notion of a future is important in repeated games
Infinite vs. finite
In games with a future, must consider the current payoff as well
as t
Chapters 13 and 14: Direct and Indirect
Price Discrimination
ECON 308: Economics for Managers
Professor Svorny
Introduction: Pricing schemes
This chapter looks at ways of (protably)
designing and implementing price
discrimination schemes
Sellers use mor
Decrease+
Managerial Economics
SD
i ng a change,Decrease one curve. Demand or Supply.
Increase move
Priceonly
Increase
Quantity
.302 o o
Test #1
March 8, 2011
Variable Costs
o Costs always considered as relevant in decision making
Extent Decision
o Aka
Froeb Chapter 15
15
Strategic Games
Summary of main points
A Nash equilibrium is a pair of strategies, one for each player,
in which each strategy is a best response against the other.
When players act rationally, optimally, and in their own selfinteres
Suppose that there is a market demand for a product
P= 14 .6Q with MR = 14 1.2Q
And a cost structure TFC =4 TVC =2Q, with MC =2
Determine Profit max solution.
Now suppose that this market can be segmented into two
markets with demands
P1= 10 Q1 with MR1 =
Pricing Joint Products:
The firms mangers must take into account how pricing of one product
impacts the sales and therefore marginal revenue earned by the other
product.
Some general rules of thumb
After acquiring a substitute product
Raise price on both
1. I ntr oduction: L eader s
Click to edit Master subtitle(2011), by Ronald H .
F r om M oder n Lea der shi p , style
H umphr ey. All r ights r eser ved: no r epr oduction
w i thout per missi on.
6/21/11
C ase: B etty Anne Demonstr ates Why
Analyzed skill
2. Leaders as mood
Blick to edit Humphrey
Cy Ronald H.Master subtitle style
6/21/11
Sir Richard Branson: It Must
What Do You Think? Can work be fun?
Can leaders create positive moods in
other types of retail outlets and
businesses? Would you want to work
3. How Personality Traits
Influence Leader
Crom toodernMaster subtitle Ronald H. Humphrey,
F lick M edit Leadership, by style
forthcoming 2011. Copyrighted and all rights reserved.
No reproduction without prior approval.
6/21/11
Form groups and compare th
4. Cognitive Intelligence,
Complex Task Performance,
Blick to edit Humphrey
Cy Ronald H.Master subtitle style
Copyright 2011 All rights reserved
6/21/11
Mark Zuckerberg, Facebook:
Intelligence, or Social Skills?
Mark
Zuckerberg, the
youngest selfmade bill
5. H ow Emotional
I ntelligence, Sk ills and
Click to edit Master subtitle style
By
Ronald H. Humphrey
Copyright 2011 All Rights Reserved
6/21/11
Ser gey Br in and L ar r y Page, Google:
H ow I Q Plus EQ Equals Phenomenal
One of the fastest
growing compan
R. L. Andrews
Quiz 3, Summer 2002
MGMT 524
NAME:_
(Please Print)
When you print your name above you pledge that the work on this quiz is exclusively yours. Do not
commit perjury. You may use your texts, notes, calculator and Excel. Show your work so that
1. Place data columns with X variables to the left of Y.
2. Plot the data using XY scatter(s).
Look for extreme data values that are not indicative of the
phenomenon being studied.
3. Excel requires numeric values for all cells of each variable.
4. All of
Chapter 15 Goodness of Fit & Independence Tests
The procedures for this chapter require categorical or qualitative data.
If the data are quantitative then they can be converted to categorical data.
The Goodness of Fit Test basically tests:
H0: The data co
Introduction
The simulations on the following sheets generate a sample of 9 observations
from a standard normal distribution with standard deviation 1 and a mean
value that can be changed on the sheet. The values for the 9 sample
observations are indicate
Hypothesis Testing procedures covered in class from the Sharpe text (Confidence interv
Section (text section)
I. (11.4, pg 285)
Parameter(s) (Situation)
Single Proportion
II. (12.5, pg 313)
Single Mean
III. (13.5, pg 353)
2 Means (2 Independent Samples n1
Measurement
type
Population or
Phenomenon
Characteristic
(Parameter)
Sample
Characteristic,
Point Estimate
(Statistic)
Variation associated with the
location estimator
Standard Error of the Estimate
SE(statistic)
calculated for a
sample of n
Categorical
P
Point Estimation
Corresponding Sample Statistic
Minimum Variance Unbiased Estimator
Characteristic Parameter
Best Estimate for the Parameter
Mean
y-bar or
y
Proportion
p
p^ or
p
Variance
2
s2
The Mean & Proportion are
both location parameters.
The varianc
Confidence Interval Example
n=
Yes=
p^=
SE(p-hat)=
CV(90%)=
ME(90%)=
100
20
0.2
0.04
1.645
0.066
Ask 100 people how many watched NBA Playoffs last night
20 people said yes
Want to find p-hat. What % watched NBA game
Standard Error. Want to find the standa
For Continuous variables, probabilities are the area under the
curve.
For the standard normal distribution, probabilities can be found
the table in the book on A-42 and A-43. Also the normal DIST
functions in Excelcan provide probabilities like using the
Outline for Confidence Intervals and Tests on One Parameter
R.L. Andrews (revised 10/20/2010)
If the data are from a process first check to assure that the process is stable. Do not attempt statistical inference
for an unstable process. Identify the unkno
Data are from Canavos, George & Miller, Don, Modern Business Statistics, 1995, Duxbury Press
Problem 10.79 (1990 data on complaints about long-term care for facilities in VA )
Intervals that will be used to create Frequency Table
Obs Num. # Complaints # o
L inear Association between T wo Quantitative Var iables
We will use three methods to assess linear association between two quantitative
variables.
1.
X -Y Scatter plot
If one variable is clearly a variable who's value is a response to
the value of anothe