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, T
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 answe
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
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 d
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 p
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
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 imp
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
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
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 segme
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
Af
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
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
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 wit
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 Soc
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
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 text
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 n
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.
Th
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
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 Mea
Measurement
type
Population or
Phenomenon
Characteristic
(Parameter)
Sample
Characteristic,
Point Estimate
(Statistic)
Variation associated with the
location estimator
Standard Error of the Estimate
S
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
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 % w
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
func
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 statistica
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 u
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 va