Power Point #1
Week 1: May 9th May 15th
Defining Economics:
Basic Concepts
Chapters 1 and 2 of Colander
Defining Economics
The Study of How Humans Organize Their
Material Life.
We focus on the production, distribution
and consumption of goods and the
in
POWER POINT #3
WEEK 2: MAY 16TH MAY 22ND
(COLANDER: CHAPTER 4)
Introduction to Supply and
Demand
Defining a market
1.
2.
3.
Place or places where a commodity is bought and sold
Need to define
The commodity
The time period
The location
Defining markets and
ITEC 610
Applied Managerial Statistics
2014 - 2015
_
These notes are the property of Professor Edward Wasil. No part of these notes may
be reproduced or transmitted in any form or by any means without his written
permission.
1
INTRODUCTION TO STATISTICS
T
30
DISCRETE RANDOM VARIABLES
Introduction
Tires at the Eagle Tire & Rubber Company are manufactured in pairs. The quality
control manager is interested in the number of defective tires in a pair of tires. In a pair
of tires, there can be no defective tire
57
SAMPLING DISTRIBUTION OF THE SAMPLE MEAN
Introduction
Consider an infinite population consisting only of the measurements 0, 6, and 18 and
described by the following probability distribution:
x
P(x)
0
1/3
6
1/3
18
1/3
Suppose we select a random sample
19
PROBABILITY
Introduction
In this section, we present the basic concepts of probability. Probability is important it
helps us make the inferential jump from sample to population. We can use the
probabilities of past performance to help make decisions co
Qiuning Wang
Midterm II
June 13, 2016
Return by Sunday, June 19, 2016, 11:59 pm
Please Answer the Following Six Questions.
1.
Use the following data to find the unemployment rate and the labor force
participation rate for the years 1992 and 1996. (These d
Power Point #2
Week 1: May 9th May 15th
Institutions and Economic History
Colander, Chapter 3
The Key Economic Institution:
Property Rights
Property defines our access to resources and goods
and services.
It creates boundaries: This is mine; that is you
52
CONTINUOUS RANDOM VARIABLES
Introduction
The Eagle Bottling Company is currently producing cans of its Diet Lemon Soda. The
amount of soda injected into a 12-ounce can during the filling operation may be any
value between 0 and 12 ounces.
Let X denote
FINM2401
INTEREST RATES; BANK BILLS
Interest Rates
2
Lecture 3
Interest Rate Quotes and Adjustments
3
The Effective Annual Rate
Indicates the total amount of interest that will be earned at
the end of one year
Considers the effect of compounding
Also r
FINM2401
THE CORPORATION; FINANCIAL DECISION
MAKING
Introduction
2
Lecture 1
Welcome to Financial Management
3
Lecture 1
Course Objectives
4
Financial numeracy
Understand basic financial computations and when they are
needed
Financial literacy
Underst