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 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
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
3.
Probability
Learning Outcomes:
-Demonstrate knowledge of key probability concepts
-Understand events and how to assign probabilities to them
-Calculate probabilities involving complementary events,
2. Descriptive Statistics
Learning Outcomes:
Produce and interpret frequency distributions, histograms, ogives, stem and leaf diagrams, and box plots.
Calculate the mean, median, mode, range, standard
The binomial distribution is a discrete probability distribution that results from performing a
binomial experiment with the following properties:
1.
2.
3.
4.
Fixed number of trials, represented as n.
Probability Distributions -The Binomial Probability Distribution
Objectives:
Define random variable
Distinguish between discrete and continuous variables
State the properties of a binomial distributio
ASSIGNMENT #4
Question 1: (3 marks)
Question 2: (3 marks)
Question 3: (3 marks)
Assignment #4
Page 1/4
ASSIGNMENT #4
Question 4: (5 marks)
In a study of distances travelled by buses before the first m
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
Basic Statistics Vocabulary Terms Notes
Applications in Business and Economics
Accounting
o
Public accounting firms use statistical sampling procedures
when conducting audits for their clients.
Financ
Law of Large Numbers Notes
Law of Large Numbers
As a procedure is repeated again and again, the relative frequency
probability (from Rule 1) of an event tends to approach the actual
probability.
Proba
Mean, Median, and Mode Notes
Using Excel to Compute the Mean, Median, and Mode
Enter the data into cells A1:B13 for the starting salary example.
To compute the mean, activate an empty cell and enter t
Exploratory Data Analysis Notes
The techniques of exploratory data analysis consist of simple
arithmetic and easy-to-draw pictures that can be used to summarize
data quickly.
One such technique is the
Probability
Key Concept
This section introduces the basic concept of the probability of an
event. Three different methods for finding probability values will be
presented.
The most important objective
Type of Data Notes
Qualitative Data
Qualitative data are labels or names used to identify an attribute of
each element.
Qualitative data use either the nominal or ordinal scale of
measurement.
Qualita
Sample Notes and Exercises Notes
Populations and Samples
The population is the set of all elements of interest in a particular
study.
A sample is a subset of the population.
Descriptive Statistics and