BIZ 3101: MANAGEMENT SCIENCE
Prof. Seongmoon Kim Phone: 02-2123-5485 Office Location: YSB 427
Email: [email protected] Office Hours: Monday 10:00 12:00
Homepage: YSCEC (Course schedule, announcement, HW, and scores will be updated on YSCEC.)
Quantitative Business Analysis
What is QBA?
A study of the role played by management science in decision-making
(in particular business decision-making).
The course emphasizes the application of management science by
using problem situations to introdu
NORTHERN CARIBBEAN UNIVERSITY
College of Business & Management
Department of Business Administration & Hospitality Management
DEGREE: BACHELOR OF SCIENCE
ACCOUNTING & FINANCE
QUANTITATIVE BUSINESS ANALYSIS
Go through the uploaded presentation and formulate responses to the questions below.
Your responses must be posted to the forum. You are also expected to engage each other
in a discussion on the questions and your respective responses.
1. Describe the sta
For mutually exclusive events the probability of A or B occurring is the sum of the individual
probabilities i.e. P(A or B) = P(A) + P(B)
For non-mutually exclusive events P(A or B) = P(A) + P(B) P(AB)
For independent events :
P(AB) = P(A).P(B)
How to read the Normal Distribution table.
After determining a Z value for a particular value, in order to find the probability of a
number being less than or greater than that number we need to use the normal distribution
To find the desired proba