BSTA 750 Test 1 Review 1
1. A television network is attempting to decide during the summer which of the following hockey
games to televise on the Saturday following Thanksgiving Day: Toronto vs. Buffa
BST A750 Review Exercise I for test #3
1. Corporate Triple A Bond interest for 12 consecutive months are
9.5, 9.3, 9.4, 9.6, 9.8, 9.7, 98,105, 9.9, 9.7, 9.6, 9.6
(a) Develop a 3 month moving averages
BSTA 750 Test #2 REVIEW I
1. The Clear-Tube Company produces 2 product; AM-FM radio and CD player. It has built a
plant that can operate 1480 hours a week. Production of an AM/FM radio requires 2 hour
BSTA 320
Assignment 1
Spring 2016
Assignment 1: Decision Analysis (Chapter 5)
Total marks: 20 marks Weight: 8%
Due Date: June 9, 2016
Computer Tool: TreePlan Excel Add-In.
Submit in class, hard copy o
Association and Casualty Notes
Generalizability
How do you know that what you found in your research study is, in
fact, a general trend?
Does A really, always cause B?
If A happens, is B really as lik
Central Tendency Notes
Distributions, Percentiles, and Central Tendency
A percentile rank of a score is a single number that gives the percent of
cases in the specific reference group scoring at or be
Experiments and Quasi experiments Notes
An Experiment is
A controlled empirical test of a hypothesis.
Hypotheses include:
A is bigger, faster, better than B
A causes B
A changes more than B when we do
Linear Programming Notes
Mathematical programming is used to find the best or optimal solution
to a problem that requires a decision or set of decisions about how
best to use a set of limited resource
Operations Research Notes
What is Operations Research?
Operations
The activities carried out in an organization.
Research
The process of observation and testing characterized
by the scientific method.
QUANTITATIVE RESEARCH METHODS Notes
Include a wide variety of laboratory and non-laboratory procedures
Involve measurement
Measurement
Random Assignment
Populations and Sampling
Generalizability
Measu
Solving the Mathematical Model Notes
Many tools are available as discussed in this course
Some lead to optimal solutions
Others only evaluate candidates trial and error to find best course
of action
E
Problem Solving Process Notes
Problem Solving Process
Goal: solve a problem
Model must be valid
Model must be tractable
Solution must be useful
The Situation
May involve current operations or proposed
Developing LP Model Notes
The variety of situations to which linear programming has been
applied ranges from agriculture to zinc smelting.
Steps Involved:
Determine the objective of the problem and de
LP Problems Notes
4. A Transportation Problem
A product is to be shipped in the amounts al, a2, ., am from m
shipping origins and received in amounts bl, b2, ., bn at each of n
shipping destinations.
Constructing Model Notes
Constructing a Model
Problem must be translated from verbal, qualitative terms to logical,
quantitative terms
A logical model is a series of rules, usually embodied in a compu
Range Central Tendency Notes
Range and measures of central tendency (mean, median and mode) are
values that summarize a set of data. They are useful when analyzing data.
Outliers
Sometimes there are e