Chapter 2 Notes
Suppose a frequency distribution has the following consecutive classes:
$20 up to $30
$30 up to $40
$40 up to $50
A: $25, Why? First set you add $20 and $30 together divide by 2 to obt
Chapter 7 Quiz
The z score for the standard normal distribution
A: can be either negative or positive
if an average of 12 customers are served per hour, then one customer arrives
every _. A: 5 minutes
STATISTICS
WEEK 2
CHAPTER 3
Arithmetic mean
The median: resistant to extern values
Mode: the one that repeat the most.
Geometric mean
Range
Variance
Standard deviation: how despair are the values and
Chapter 10-Forecasting
Are the following statements true or false?
1. The last-value forecasting method is most useful when conditions are stable over time.
2. Removing the seasonal component from a t
Question 1
0.5 out of 0.5 points
In building an RSPE simulation model, it is important to:
Selected
All of the
Answer:
above
Question 2
0.5 out of 0.5 points
A simulation was run with 1,000 trials an
H. Wayne Huizenga College of Business & Entrepreneurship
Nova Southeastern University
Assignment for
Course:
QNT 5160 DATA DRIVEN DECISION MAKING
Submitted to:
Dr.Yuliya V Yurova
Submitted by:
Svetlan
H. Wayne Huizenga College of Business & Entrepreneurship
Nova Southeastern University
Assignment for
Course:
Submitted to:
Submitted by:
QNT 5160 DATA DRIVEN DECISION MAKING
Dr. Yuliya Yurova
Svetlana
Nova Southeastern University
H. Wayne Huizenga College
of Business & Entrepreneurship
Assignment for Course:
QNTP 5000 - Foundations of Business
Statistics
Submitted to:
Professor Robert Fusco
Date of
1. Which of the following statements about a Decision Tree model is true?
Answer: Each node in the tree is either a decision or an uncertain event
2. Which of the following are features of a normal di
QNT 5160 - Data Driven Decision Making
I. Course Information
Course: QNT 5160 - Data Driven Decision Making
Semester Credit Hours: 3.000
Course CRN and Section: 22817 - WB1
Semester and Year: Fall 201
Quiz 1
Question 1
0.5 out of 0.5 points
When an administrator at a local hospital prepares a series of charts and graphs
pertaining to the patients that have stayed at the hospital during the past mon
A sample of 250 observations is selected from a normal population for which the population standard deviation i
a.
Determine the standard error of the mean. (Round your answer to 3 decimal places.)
sa
Question 1
0.5 out of 0.5 points
The president of State University wants to forecast student
enrollment for Year 3. Using exponential smoothing with trend,
the forecast for the current year (Year 1)
Question 1
0.5 out of 0.5 points
Computer simulation is likely to be most useful:
Selected
Answer:
For problems with many dynamic
elements
Correct
Answer:
For problems with many dynamic
elements
Ques
Question 1
0.5 out of 0.5 points
Which of the following statements about Decision Analysis is
true?
Selected
Answer:
It depends upon subjective judgment in
estimating probabilities
Correct
Answer:
It
A
1
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3
4
5
6
7
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10
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14
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19
20
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38
B
C
D
E
F
G
H
I
J
K
Template for the M/M/s Queueing Model
1
l =
Data
10
(mean arrival rate)
0
It is a Matter of Age
Get Ready for the Case Study
by Dr. Thomas Griffin
Preparation
Case
by Dr. Thomas Griffin
Preparation for the Case
F keys
Prepare the necessary Excel Tools
example
Scotts Rule
Re
Gender
Female
Male
Male
Female
Female
Female
Male
Female
Female
Female
Female
Female
Female
Male
Female
Female
Female
Female
Female
Female
Female
Female
Female
Female
Female
Male
Female
Female
Male
Fe
IQ Systems is a leading global provider of products, technologies, software, solutions and services to individual c
The 150 seat inbound sales call centre is located in the United States and assists i
Question 1
1. The 95% confidence interval for the variable AdminT is:
19.98 1.72
19.98 1.49
19.98 1.29
19.98 1.08
Cannot be reliably estimated as the distribution of the population is not appear to be
Question 1
Which of the following is an appropriate measure of central tendency for the variable
Gender?
Selected
Answer:
Mode
Female
Answers:
Mean 1.7
Median 2
Mode
Female
Range 1
All of the
above
Qu
Question 1
1. Fromthehistogramorogiveofthevariable"Pay",thepercentageofthesamplepaidmorethan
$40000is:
92.97%
22.68%
7.03%
0.96%
1 points
Question 2
1. Which of the following chart types would be best
NOVA SOUTHEASTERN UNIVERSITY
H. Wayne Huizenga School
of Business and Entrepreneurship
Syllabus Addendum for Online Format (rev 1.2)
QNT 5160 Data Driven Decision Making
Course Blackboard Website: htt
NOVA SOUTHEASTERN UNIVERSITY
H. Wayne Huizenga School
of Business and Entrepreneurship
Syllabus Addendum for Online Format (rev 1.2)
QNT 5160 Data Driven Decision Making
Course Blackboard Website: htt
QNT 5160, Fall 2016 Semester
Individual Case Assignment: Cutting Edge
This case was adapted from Hiller, Frederick S. & Mark S. Hillier (2014). Introduction to Management Science: A
Modeling and Case
QNT 5160
Guidelines for Individual Case Assignment: Cutting Edge
Instructions
This is an individual assignment and therefore must be completed by the individual student without
outside assistance. In
1.
EXCEL FUNCTIONS YOU ARE VERY LIKELY TO USE
Excel Function
SUM
AVERAGE
COUNT
Description
Calculates the sum of a group of values
Calculates the mean of a group of values
Counts the number of cells i
Question 1
1. From the histogram or ogive for the variable "Pay", the mean is:
$45000
$50000
$50655
$55000
Cannot be determined from the histogram or ogive
1 points
Question 2
1. Which of the followin