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School: Hawaii Pacific
Course: Statistics
QXP6326677.qxp 12/10/08 3:57 PM Page 1 Triola Statistics Series Review Basic Terms Statistics: Methods for planning experiments, obtaining data, organizing, summarizing, analyzing, interpreting, and drawing conclusions based on data. Population: Collectio
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter3,PartB ContinuousProbabilityDistributions s s s UniformProbabilityDistribution NormalProbabilityDistribution ExponentialProbabilityDistributi
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edward's University 2006 Thomson SouthWestern. All Rights Reserved. Slide 1 Chapter 4 Decision Analysis s s s s s s Problem Formulation Decision Making without Probabilities Decision Making with Probabilities Risk Anal
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved Slide 1 Chapter1 Introduction s s s s s s BodyofKnowledge ProblemSolvingandDecisionMaking QuantitativeAnalysisandDecisionMaking QuantitativeAnalysis ModelsofC
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter7 IntroductiontoLinearProgramming s s s s s s s s LinearProgrammingProblem ProblemFormulation AMaximizationProblem GraphicalSolutionProcedure
School: Hawaii Pacific
Course: Math For Decision-Making
1. Probability is concerned with the study of uncertain or random events. It is a numerical measure of the chance that a particular event will occur. It provides a mechanism for developing a mathematical model which enables an analysis of the uncertaintie
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter5 UtilityandGameTheory s s s s s TheMeaningofUtility TheExpectedUtilityApproach RiskAvoidersversusRiskTakers ExpectedMonetaryValueversusExpect
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter12 ProjectScheduling:PERT/CPM s s s ProjectSchedulingwithKnownActivityTimes ProjectSchedulingwithUncertainActivityTimes ConsideringTimeCostTra
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter16 MarkovProcesses s s s s s TransitionProbabilities SteadyStateProbabilities AbsorbingStates TransitionMatrixwithSubmatrices FundamentalMatri
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter8 LinearProgramming:SensitivityAnalysis andInterpretationofSolution s s s s IntroductiontoSensitivityAnalysis GraphicalSensitivityAnalysis Sen
School: Hawaii Pacific
Course: Math For Decision-Making
Slides prepared by JOHN LOUCKS St. Edwards University 2006ThomsonSouthWestern.AllRightsReserved. Slide 1 Chapter9 LinearProgrammingApplications s s s s s s BlendingProblem PortfolioPlanningProblem ProductMixProblem TransportationProblem DataEnvelopmentAn
School: Hawaii Pacific
Course: Statistics
Chapter 10 Correlation and Regression 10-2 Correlation 1. a. r = the correlation in the sample. In this context, r is the linear correlation coefficient computed using the chosen paired (points in Super Bowl, number of new cars sold) values for the random
School: Hawaii Pacific
Course: Statistics
Chapter 9 Inferences from Two Samples 9-2 Inferences About Two Proportions 1. There are two requirements for using the methods of this section, and each of them is violated. (1) The samples should be two sample random samples that are independent. These s
School: Hawaii Pacific
Course: Statistics
Chapter 8 Hypothesis Testing 8-2 Basics of Hypothesis Testing 1. Given the large sample size and the fact that 20% is so much less than 50%, it is apparent that any confidence interval for the proportion of bosses that are good communicators would fall en
School: Hawaii Pacific
Course: Statistics
Chapter 7 Estimates and Sample Sizes 7-2 Estimating a Population Proportion 1. The confidence level was not stated. The most common level of confidence is 95%, and sometimes that level is carelessly assumed without actually being stated. 3. By including a
School: Hawaii Pacific
Course: Statistics
Chapter 6 Normal Probability Distributions 6-2 The Standard Normal Distribution 1. The word normal as used when referring to a normal distribution does carry with it some of the meaning the word has in ordinary language. Normal distributions occur in natu
School: Hawaii Pacific
Course: Statistics
Chapter 5 Discrete Probability Distributions 5-2 Random Variables 1. As defined in the text, a random variable is a variable that takes on a single numerical value, determined by chance, for each outcome of a procedure. In this exercise, the random variab
School: Hawaii Pacific
Course: Statistics
Chapter 4 Probability 4-2 Basic Concepts of Probability 1. To say that the probability of being injured while using recreation equipment in 1/500 means that approximately one injury occurs for every 500 times that recreation equipment is used. Note that t
School: Hawaii Pacific
Course: Statistics
Chapter 3 Statistics for Describing, Exploring, and Comparing Data 3-2 Measures of Center 1. The mean, median, mode, and midrange are measures of center in the sense that they each attempt to determine (by various criteria i.e., by using different approac
School: Hawaii Pacific
Course: Statistics
Chapter 2 Summarizing and Graphing Data 2-2 Frequency Distributions 1. No. The first class frequency, for example, tells us only that there were 18 pennies with weights in the 2.40-2.49 grams class, but there is no way to tell the exact values of those 18
School: Hawaii Pacific
Course: Statistics
Chapter 1 Introduction to Statistics 1-2 Statistical Thinking 1. A voluntary response sample, also called a self-selected selected, is one in which the subjects themselves decide whether or not to participate in the study. 3. Statistical significance occu
School: Hawaii Pacific
Course: Statistics
QXP6326677.qxp 12/10/08 3:57 PM Page 1 Triola Statistics Series Review Basic Terms Statistics: Methods for planning experiments, obtaining data, organizing, summarizing, analyzing, interpreting, and drawing conclusions based on data. Population: Collectio
School: Hawaii Pacific
Course: Statistics
QXP6326677.qxp 12/10/08 3:57 PM Page 1 Triola Statistics Series Review Basic Terms Statistics: Methods for planning experiments, obtaining data, organizing, summarizing, analyzing, interpreting, and drawing conclusions based on data. Population: Collectio