Differential Calculus Review
Straight Lines and Slope
Differential calculus is the study of change. In many instances we will talk of the slope
of a function. This is one measure of change.
Let us review straight lines (linear functions) since it is in th
Differential Calculus Review
Straight Lines and Slope
Differential calculus is the study of change. In many instances we will talk of the slope
of a function. This is one measure of change.
Let us review straight lines (linear functions) since it is in th
13
pts
If you use
symbols,
then they
must be
defined.
1. Revenue Canada's call centre in St. John's provides tax return information for all of Atlantic Canada.
The seasonal nature of the demand has resulted in a mix of full-time, seasonal and part-time
em
MGSC 1206
Solution Key to Handout #1
Winter 2012
Solution Key to Sample Problems in Probability
Two basic tools in probability are tables and trees. A table is a useful device for summarizing information,
particularly if there are only two characteristics
MGSC 1206 Practice Questions SOLUTIONS (Winter 2009)
1. The Flashy Electronics Company is planning to manufacture calculators, which are to be sold for $40 each.
The daily costs at the factory will depend on how many calculators are made, according to the
Msc 206 Winter 2005
Solutions to Area/Volume Exercises
Page 1 of 10
Solving Area/Volume Exercises
The objective of these exercises is not to teach you about fencing and construction, but
to assist in the development of your modeling skills. Area/volume qu
MGSC 1206
INTRODUCTION TO QUANTITATIVE METHODS II
Winter 2007
SOLUTION KEY TO SAMPLE MIDTERM
1. The Maritime Peoples Bank (MPB) has classified 600 recent loan applications according to their credit
ratingexcellent (E), good (G), fair (F) or poor (P)and th
MGSC 1206
Course Outline
Winter 2013
INTRODUCTION TO QUANTITATIVE METHODS II
COURSE OBJECTIVES: Problem solving requires models for defining and describing the problem as well as methods
for evaluating alternatives. This course introduces two classes of p
10 Probability Decision Analysis Decision Trees
Decision Trees
A decision tree is like a probability tree except that
some branching stages correspond to decision
choices rather than chance events. To
distinguish the two, squares are used to
represent dec
Sample Problems in Probability
Two basic tools in probability are tables and trees. A table is a useful device for
summarizing information, particularly if there are only two characteristics of primary
interest. Trees are used to explore a problem in more
MGSC 1206
INTRODUCTION TO QUANTITATIVE METHODS II
SAMPLE MIDTERM
1. The Maritime Peoples Bank (MPB) has classified 600 recent loan applications according to their credit
ratingexcellent (E), good (G), fair (F) or poor (P)and their place of residenceMetro
MGSC 1206.2
INTRODUCTION TO QUANTITATIVE METHODS II
Winter 2017
ASSIGNMENT #5
Due: 1:00 PM, Friday, March 31, 2017
PROBLEMS TO HAND IN:
#1. A real estate investor in a medium-sized western city is considering three investments: an apartment building, a
st
09 Probability Decision Analysis Payoff & Regret Tables
DECISION-MAKING
UNDER UNCERTAINTY OR RISK
Most decisions have to be made under conditions of
uncertainty or risk,
e. g.: "the weather forecast says there is a 70% chance of
rain, should I take an umb
MGSC 1206
Solution Key to Handout #3
Winter 2012
SOLUTION KEY TO HANDOUT #3
DECISION-MAKING UNDER UNCERTAINTY
Most decisions have to be made under conditions of uncertainty, e. g.: "the weather forecast says there is
a 70% chance of rain, should I take an
MGSC 1206 Practice Questions (Winter 2009)
Note: This is not a sample exam these questions are provided for practice and do not necessarily reflect
what is on the final exam this year. Also, not all topics covered in the course are represented here; for
e
Probability Exercises
1. Revenue Canada's call centre in St. John's provides tax return information for all of Atlantic
Canada. The seasonal nature of the demand has resulted in a mix of full-time, seasonal
and part-time employees at the call centre. Thes
MGSC 1206 Formulas for Final Exam
P(EF) = P(E) + P(F) P(EF)
P(E) = 1 P(E)
P(EF) = P(F) P(EF) or P(EF) = P(E) P(FE)
P(EF)
P(EF) =
P(F)
where P(F) 0
E(X) = x1p1 + x2p2 + + xnpn
n
n!
C ( n , r ) = =
k k !( n k )!
and P ( n , k ) =
n!
( n k )!
P(exactly k s
MGSC 1206.2
Practice Problems
Dr. Muhong Wang
Practical Problems on Calculus
#1. The Flashy Electronics Company is planning to manufacture calculators, which are to be sold for $40
each. The daily costs at the factory will depend on how many calculators a
MGSC 1206
INTRODUCTION TO QUANTITATIVE METHODS II
Winter 2007
SOLUTION KEY TO SAMPLE MIDTERM
1. The Maritime Peoples Bank (MPB) has classified 600 recent loan applications according to their credit
ratingexcellent (E), good (G), fair (F) or poor (P)and th
Binomial Distribution
To date we have looked at probabilities associated with descriptive variables, such as
What is the probability that an employee is full time? or What is the probability that a
male applicant is hired?
In many applications, we are int
08 Probability
Probability Distributions
E.Milica Saagh
a.k.a. r.v. = numerical quantity whose value depends on
the outcome of an experiment; that is a rule which
associates a number with each outcome; a variable
whose values are driven by probabilities
04 Probability
Probability Trees
E.Milica Saagh
Examples
1.
Your company produces power supplies for
PCs and these are produced at three different
plants. Plant #1 produces 50% of the power
supplies, plant #2: 30% and plant #3: 20%. We
have also determin
MGSC 1206.2
*Final Exam*
Winter 2012
FINAL EXAM
MGSC 1206.2 Winter 2012
Name (print) : _
ID#: _
Name (signed): _
Section: _ Instructor: _
1.
2.
3.
4.
5.
6.
7.
There should be SEVEN pages including this cover page.
Please answer all questions on the exam p
05 Probability
Bayes Theorem
E.Milica Saagh
Requirements
Sample space must be exhaustively
subdivided into mutually exclusive events
There must be one additional event that
intersects all of the mutually exclusive
events
E.Milica Saagh
1
Review
Indepen
01 Probability
Decision Making
E.Milica Saagh
Decision Making
Decision Theory
Is an analytic and systematic approach to
the study of decision making
Many different decision models available
to help make the best possible decisions
E.Milica Saagh
1
A g
MGSC 1206.2
Practice Problems
Dr. Muhong Wang
Practical Problems on Calculus
#1. The Flashy Electronics Company is planning to manufacture calculators, which are to be sold for $40 each. The
daily costs at the factory will depend on how many calculators a
03 Probability
Contingency Tables
E.Milica Saagh
Complement Rule
P(A) + P(A) = 1
or
1 - P(A) = P(A)
Union Rule
P(A B) = P(A) + P(B) P(A B)
E.Milica Saagh
1
Mutually Exclusive Events
Events that cannot occur simultaneously
There is no intersection
If e