Class Questions: Unit 4
1) 45% of residents in a certain town get their cable service from Charter, while 40% get their cable
service from AT&T. Suppose a resident of this town is randomly chosen:
(a) What is the probability this resident does NOT get cab
Class Questions: Unit 2
1) A professor would like to know the average GPA of students in her classes. She asks 5 students at
random attending each of her 3 classes.
(a) Identify the population:
The students enrolled in her classes
(b) Identify the populat
Class Questions: Unit 3
1) The commuting times (in minutes) of 6 students are: 20, 10, 20, 40, 30, 90.
What is the median?
Remember to sort the data!
10, 20, 20, 30, 40, 90
The median (20 + 30)/2 = 25
2) An agricultural supply store kept a record of the v
Class Questions Unit 1
1) A company was concerned with the low participation rate in its 401(k) plan. It sampled 30 other
companies with similar plans and asked for their 401(k) participation rates.
Identify the cases (goes in the rows of the table):
_ 40
Class Questions: Unit 5
1. When a truckload of peaches arrives at a grocers warehouse, a sample of 125 peaches is taken and
examined for defects. The grocer will reject the whole truckload if 7% or more are found to be defective.
Suppose the true percenta
C H A P T E R5
Reporting and
Analyzing
Inventories
Swati Bhandarkar 2015. All rights reserved.
Distribution or duplication of copyrighted works without
permission of the creators is a violation of copyright
Bhandarkar 7e
Determining Inventory
Items
Merch
Business
Statistics:
A First
Course
Unit 9
Confidence Intervals for
Proportions
1
Sampling
Distribution of
Becauseeachsampleisdifferent,theobservedsample
proportionofsuccesses, ,variesfromsampletosample.
However,thesvaryinapredictablewayusingtheNormal
dis
MSIT 3000
Sec. 1.1 Examining Data
Welcome to Business Statistics:
A First Course
So, What Is Statistics?
Statistics is the science of learning from
data.
There are four steps in a statistical inquiry
(and really, any scientific inquiry):
1. Formulate a re
C H A P T E R8
Reporting and
Analyzing
Long-Term
Assets
Bhandarkar 7e
Plant Assets
Tangible in Nature
Actively Used in Operations
Expected to Benefit Future Periods
Called Property, Plant, & Equipment
Bhandarkar 7e
Plant Assets
Acquisition
1. Compute cost
C H A P T ER
7
Reporting and
Analyzing Receivables
Swati Bhandarkar 2015. All rights reserved.
Distribution or duplication of copyrighted works without
permission of the creators is a violation of copyright law.
Bhandarkar 7e
RECEIVABLES
Amounts Due from
C H A P T ER
3
Adjusting Accounts
and Preparing Financial
Statements
Swati Bhandarkar 2014. All rights reserved.
Distribution or duplication of copyrighted works without
permission of the creators is a violation of copyright law.
Bhandarkar 7e
The Accoun
CHAPTE
R
2
Analyzing and Recording
Transactions
Swati Bhandarkar 2014. All rights reserved.
Distribution or duplication of copyrighted works without permission of the creators is
a violation of copyright law.
Bhandarkar 7e
The Account and its Analysis
As
Chapter
1
Introducing Financial
Accounting
Bhandarkar 7e
Business Entity Forms
Sole Proprietorship
Partnership
Corporation
Bhandarkar 7e
Types of Businesses
Service .Services
Merchandising. Products
Manufacturing .Products
Bhandarkar 7e
Corporation
Owners
C H A P T ER
9
Reportingand Analyzing
Current Liabilities
Swati Bhandarkar 2015. All rights reserved.
Distribution or duplication of copyrighted works without permission of the creators is a violation of copyright law.
Bhandarkar 7e
DEFINING LIABILITIES
TEST THREE
10/25/16 TUESDAY
Unit 13- X2 Test
-If we have a classification data (categorical data) and the data are the counts of
individuals that fall into each category.
-The methods we use now are the same but more explicit than the one sample for p.
-B
Review
Questions
Test 2: MSIT 3000
1. Jans restaurant has determined
that the distribution of their expenses
per customer has a mean of $8.20 and
a standard deviation of $3.00. Find
A. 0.9929
the
probability that a simple random
B. 0.0062
sample
C. 0.9938
Test 1
Review Question Solutions
Unit 2
What are data?
A. A bunch of numbers
B. Values along with context
C. Words only
Individuals who answer a survey are called:
A. Subjects
B. Participants
C. Respondents
D. Units
The SPCA collects data about the dogs t
Test 1
Review Question Solutions
Unit 2
What are data?
A. A bunch of numbers
B. Values along with context
C. Words only
Individuals who answer a survey are called:
A. Subjects
B. Participants
C. Respondents
D. Units
The SPCA collects data about the dogs t
Test 1
Review Question Solutions
Chapter 2
What are data?
A. A bunch of numbers
B. Values along with context
C. Words only
Individuals who answer a survey are called:
A. Subjects
B. Participants
C. Respondents
D. Units
The SPCA collects data about the dog
Course Syllabus
University of Georgia
Statistical Analysis for Business
Statistics Department
MSIT 3000
Fall 2016
OFFICE HOURS ARE POSTED ON eLC
CLASS DAYS:TTh
CLASS DAYS:TTh
CLASS DAYS:MWF
[email protected]
Instructor: Summer Abney
Instructor: Megan Lutz
I
Class Questions: Unit 10
1. A start-up company launches an aggressive YouTube campaign to create brand awareness. The
marketing manager determines the campaign will be a success if at least 40% of clicks to their website
come directly from the YouTube ad.
Class Questions: Unit 9
1. When a truckload of peaches arrives at a grocers warehouse, a sample of 125 peaches is taken and
examined for defects. The grocer will reject the whole truckload if 7% or more are found to be defective.
Suppose the true percenta
Class Questions: Unit 11, 1st part
1. After instituting some improvements, a bank wanted to test whether service times at its drive through
window improved. The average service time had been 110 seconds. A sample of 25 customers resulted
in a mean of 100
Class Questions: Unit 12
1. Just stop! A tire manufacturer developed a new type of tread which they thought would enable cars to
stop faster during wet conditions. On a certain day when it was raining, they randomly selected 50 cars,
and measured how long
Formula sheet for MSIT 3000 Test 2
pq
n
SE p
p z
*
*
z
ME
n
z
p q
n
SE y
y t
2
p p
pq
n
90%
94%
95%
96%
98%
99%
n
*
s
n
*
pq
n
t
z
ME
y
s
1.645
1.881
1.96
2.054
2.326
2.576
n
2
Unit 3: Describing Data
Graphs:
Show aspects that are hard to see in a table
Easily reveal important features and patterns
Make it easy for non-statisticians (e.g. your manager, or clients) to see important points
Categorical Data
Start analyzing categori
Unit 4: Probability and Probability Models
Randomness and Probability
Probability gives a measure of how many times it will occur in the long run.
The probability of an event is its long-run frequency, i.e. percentage occurrence for a large
number of tria
Unit 1: Data Tables
Tables provide context so that we know what the values mean
Cases: individual items about which we record several different measurements (rows)
Variables: measurements about these individual items (columns)
cases
-each case has its own
ECHD Ch. 3
Autonomy: psychological maturity: accepting responsibility for the consequences of your
choices rather than holding others accountable for your choices
Eric Bern
Transactional analysis (TA): states that adults make decisions and exhibit behavio
ECHD Ch. 5
Eustress: good stress
Distress: negative effects of stress that can deplete, fragment, and harm us
Source of Stress
1. Environmental (External stressor)
a. Living in a crowded condition
b. Noise
c. Pollution
d. News
e. School/ college
f. Illnes