2. Explain the variables and what the unit: mean.
The variables include each state; the number pf heusehelds per state, and the average pe rsens
per heuseheld.
3. Explain the reasnnin; fer whv cine variable ls independent and the ether is dependent.
The i
Correlatlon
1. Name your source and include the link to where the data was fou nd. Give your data set in
a n organized, presenta hie fashion.
Souroe: Index Mundl
htt :JIFIWWWJHdEIITIUHdi.EmllrftfunitEd-SttESI uinkfactsfallstatesfavera ehousehold-
sizeta
QMB3600
Quiz 1
Name _Erica Adams_
Place the correct letter in the blank to the left of the question
_A_ 1. Operations Research is known as
A) the science of numerical analysis.
B) the science of sensitivity analysis.
C) the science of better.
D) the scien
Problem 2 - 21
Data
Cost
Probability
Stock Market
Bonds
CDs
Results
Good
Poor
Economy Economy
EMV
Minimum Maximum
Probabilities do not sum to 1
0
0
0
0
0
0
0
0
0
Maximum
0
0
0
Expected Value of Perfect Information
Column best
0
0
0 <-Expected value WITH p
In these problems the entry of information needs to be exact.
The following color codes are used to help keep the input into solver easy.
Light Orange are areas where you neeed to place the parameter values, do not include variable names.
For example, if
QMB3600
Linear Programming Applications
Quiz 5
Name _Lori Longo_
_d_ 1. Which of the following does not represent a factor a manager might typically
consider when employing linear programming for a production scheduling?
A) labor capacity
B) space limitat
QMB3600
Transportation, Assignment, and Network Models
Quiz 6
Name _Lori Longo_
_A_ 1. A line in a network that may represent a path or a route is called a(n)
A) arc.
B) branch.
C) line.
D) fork.
E) sink.
_D_ 2. A point in the network, that is at the begi
Instructions
There are a few pointers that you need to pay attention to in this spreadsheet
1) Know your X and Y values, you will need to correctly enter them in the regression dialog box
2) The box that has a heavy outline in white is your output box. De
QMB3600
Linear Programming
Quiz 4
Name _Lori Longo_
_A_ 1. A widely used mathematical programming technique designed to help managers
and decision making relative to resource allocation is called
A) linear programming.
B) computer programming.
C) constrai
In these problems the entry of information needs to be exact.
The following color codes are used to help keep the input into solver easy.
Light Orange are areas where you neeed to place the parameter values, do not include variable names.
For example, if
Discussion Questions
1-1 What is the difference between quantitative and qualitative analysis? Give several examples
Qualitative analysis is the scientific study of data that can be observed, but not measured. It is
concerned with cataloging the qualities
QMB3600
Quiz 1
Name _Lori Longo_
Place the correct letter in the blank to the left of the question
_E_ 1. Operations Research is known as
A) the science of numerical analysis.
B) the science of sensitivity analysis.
C) the science of better.
D) the scienc
QMB3600
Quiz 2
Name _Lori Longo_
Place the correct letter in the blank to the left of the question
_D_1. An analytic and systematic approach to the study of decision making is referred
to as
A) decision making under risk.
B) decision making under uncertai
Year
r
r^2
CV
Sales (Millions of $)
1
50
2
51
3
45
4
55
5
60
6
61
7
55
8
64
9
64
10
60
11
61
12
65
13
66.9242424242
0.8147392221
0.6638
0.576
r^2 means the percent of variation that can be exampled by our
model
66% of the variation comes from the time whi
Problem 1:
Problem 2:
Low
Safe
Average
Risky
Probability
10
-1
-8
0.5
Best EMV
EVwPI
EVPI
Medium High
12
5
-3
0.1
EV
14
18
36
0.4
Show A
11.8
7.2
10.1
11.8 Safe
20.6
8.8
Regret Table
Show B
Infant
Toddler
Child
Probability
7
-3
2
0.3
-2
8
-4
0.4
Best EMV
Problem 1:
Problem 2:
A
X
Y
Z
Optimistic
X
Y
Z
Maximax
Max
Conservative
X
Y
Z
Maximin
Min
B
10
7
-2
A
-9
14
6
X
Y
Z
Max
10
14
6
14 Y
Optimistic
X
Y
Z
Maximax
Min
-9
7
-2
7Y
Conservative
X
Y
Z
Maximin
Regret Table
X
Y
Z
B
10
13
9
13 Y
-7
-7
-6
-6 Z
0
3
12
Christina Willis
Polk State College
QMB 3600-70033
Quantitative Analysis for Management
Chapter 1: Introduction to Quantitative Analysis
1.1 Introduction
1.2 What is Quantitative Analysis?
1.3 Business Analysis
1.4 The Quantitative Analysis Approach
A. De
Homework
QMB 3600
Quantitative Methods in Business
Professor Decker
2A: Expected Value
1. We are going to have an outdoor art festival! It is estimated that 120 people will come if it is
a cool day, 100 will come if it is a warm day, and 40 will come if i
QMB 3600 : Notes
3A-1 Scatterplot
Win % = wins / games
Negative doesnt mean weak correlation.
If r = -1 there is perfect negative correlation.
If r = 0 there is absolutely no correlation.
If r = 1 there is perfect positive correlation.
r2: the proportion
Northeastern Airlines
Presented by:
Anthony Johnson, Rose P.
King
Meghan OBryan, Michael
Shearin
CASE
Case Study
-New Englands regional airline serving
nine cities in New England along with
New York, New Jersey and
Pennsylvania.
-Some routes with direct f