1. Minimum Wage: Should the government raise the minimum wage?
The minimum wage is the lowest remuneration to every worker has the right,
with which it has to meet their basic needs of the employee and his/her family.
The law seeks to ensure that t
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The Broad Objectives.2
The Specific Objectives.2
Method of Collecting Data.3
Advantage of Survey Technique.3
Disadvantages of the Observation Method.3
Disadvantages of the Experimental Research.3
Sample Size a
BEO2255 APPLIED STATISTICS FOR BUSINESS
a. Dependent Variable: Weekly rent
b. All requested va
BEO2255 APPLIED STATISTICS FOR
Assignment 1: Data Collection and
Analyzing the impact of Melbourne 2030
strategy on housing
Table of content
2.0 Research Methodology.4
Interval for Mean
Lower Bound 352.11
Upper Bound 398.49
5% Trimmed Mean
Topic 9: Inventory Management
Associate Professor Sarath Divisekera
Inventory System Defined
Inventory is the stock of any item or resource used in an
organization and can include: raw materials, finished products
Topic 8: Waiting Line Management
Associate Professor Sarath Divisekera
Time Management in Trade
To remain competitive, in Trade, time bound management is a critical
WLM and JIT are time bound m
College of Business
Economics & Statistics
BEO 3432: Strategic International Trade
Tutorial/Homework Assignment (Week # 6)
TOPIC 5: Country Risk
Redo the Capital Budgeting problem shown in the lecture using the fol
Due Date: _
The goals of this assignment are to:
1. Introduce or reinforce data gathering skills.
2. Introduce or reinforce basic statistical and data analysis skills.
3. Apply critical thinking to the refined da
Table of Contents
(a) Farmer Fitzgeralds word is referring to the economic profitable, and his sentiment
is unconvincing for the reason of his words are totally contradictory. In a
SEMESTER 1 2016
Total = 30 marks. This will be converted to 20 percent
NOTE: Wherever possible, use graphs to support the answer.
LATE SUBMISSION WILL ATTRACT A PENALTY OF 10 PERCENT PER DAY
Explain, with the use of dem
1. Explicit costs are the costs of resources used that we actually pay for whereas implicit
costs and resources that we use but do not explicitly pay for.
2. Economic profit takes into account opportunity costs by taking revenue and reducing
EXAMINATION REVISION QUESTIONS
TO BE PREPARED FOR THE EXAMINATION STUDENTS MUST BE ABLE TO ANSWER THE FOLLOWING
WEEK 4: PRODUCTION AND COST
Explain the difference between implicit and explicit cost.
How does economic and accounting profit diffe
Tutorial Questions Week 2
For contribution and discussion March 5
The tutorial questions may not be directly related to previous weeks lecture. It will cover
various concepts of risk management, with special reference to insurance.
Students must come prep
Economic profit and Accounting profit
Short-run and Long-run
Fixed and variable costs
Scale of production
Market voluntary exchange between buy
MEASURING THE SIZE
OF THE ECONOMY
Gross Domestic Product (GDP)
Non Productive Financial Transactions
The Circular Flow Model
Measuring GDP: The Expenditure, Inco
BUSINESS CYCLES AND
The business cycle
The business cycle roller-coaster
The determinants of the business cycle
Total spending and the business cycle
Difference between Real GDP and Real Per-
ELASTICITY AND MARKETS IN ACTION
Elasticity, Price elasticity of demand and Revenue
BEO 1105: ECONOMIC PRINCIPLES
AIM: LEARN AND GAIN KNOWLEDGE
PURPOSE: EDUCATE ONE SELF
OBJECTIVE: OBTAIN A HIGH DISTINCTION
STRATEGY: ATTEND AND PARTICIPATE IN CLASSES, ASK QUESTIONS, SEEK HELP,
CONSTANT REVISION, TIME MANAGEMENT AND HAVE FUN.
Economic Principle Assignment
1) Explain, with the use of demand and supply diagram(s), the difference between a change
in quantity demanded of hats and a change in demand for hats.
In the law of demand, the price of good and services have an inverse rela
Pie Chart for Building Type
Assignment Part II
Frequency Column Chart for Building Type
Assignment Task 2
(a) Two properties in the sample consist of Brick buildings.
(b) Brick and
Introduction & Scarcity
Scarcity allocation of ressources / the eco. Problem
Individuals and countries never have as much of all the goods and
services they would like because there are insufficient resources to
This lecture will deal with:
A technique that attempts to identify the attributes
E.g. regular vs casual buyers of a product.
A technique that attempts to forecast group
Week Four Non-parametric tests for
independent & paired samples
Comparing two or more populations
Data normally distributed
Data not normally distributed
Independent sample test
Wilcoxon rank sum test
Paired sample tests
Wilcoxon signed rank test
Week Three: Part II
Hypothesis Tests: A Revision
An unproved proposition.
E.g. Customers are attracted by the colour red.
We use sample data to choose between two mutually
exclusive hypotheses concerning a population.
Week Six Analysis of variance: One way
This week lecture will cover.
One way analysis of variance (ANOVA).
Like a t test except that there are more than
E.g. Several age groups.
Introduction to ANO