Introduction to Modeling:
We can use mathematical models to show the relationships of multiple variables in a situation. All models w
inputs (given values) and outputs (mathematical formulae or functions), some will also have decision variab
more inputs a
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https:/support.office.com/en-us/article/Excel-shortcut-and-function-keys-1798d9d5-842a-42b8-9c99-9b7213f0
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Make a chart template
Learn about Navigating data and worksheets
842a-42b8-9c99-9b7213f00
K303
Technology in Business
Data Presentation
Business Intelligence
Collective information
about your customers,
your competitors, your
business partners,
your competitive
environment, and your
internal ops.
Operations
Database
Advertising
Database
Custo
K303 Team Contract
Rules:
1) Always foster a productive work environment where team members can be
constructive with their time.
3) Work will be divided equally among all team members.
4) Give adequate notice if to team if you will be late, or have to mis
You are hereby warned:
Canvas is the ONLY accepted environment for project submissions.
Not e-mail (no matter how close to the deadline you send the e-mail).
Not iu.box.com.
Nor any other environment.
If you fail to upload the proper files to Canvas,
MODULE 3: DATA PRESENTATION CLASS EXERCISE
FILES NEEDED: MOD3_DATAPRESENTATION_1.XLSM
DAY 1:
In the Mod3_DataPresentation_1.xlsm file, youve been given some data for an MBA class at a top-ranked midwestern university. This data shows the current graduatin
2.4
Computing Probabilities Using Equally Likely
Outcomes
n E
Pr E
n S
Ex. You roll 2 dice and note the sum. Find the
probability the sum is at most 6.
Ex. A fair coin is flipped 5 times. What is the
probability both heads and tails occur?
Ex. 3 digits
Probability Measures: Axioms and Properties
3.1
Synonyms: likelihood, chance
Most knowledge is by comparison. Probability is about
comparing likelihood.
Sometimes results are surprising.
The Birthday Problem: How many people are needed if
the probability
Stochastic Processes & Trees
3.3
Stochastic process - multistage experiment
Trees visual way to organize the information and
order the stages; often there is a chronological
component.
Cases branches on the tree correspond to cases.
Conditional Probabilit
2.1
Probabilities, Events, Equally Likely Outcomes
Chance two meanings: randomness and predictable
or quantifiable.
Chapter 2 is mostly about the counting the number of
ways a particular event happens. (Combinatorics)
In Chapter 3 we will investigate part
Conditional Probabilities, Independent Events
3.2
Very Important Concepts definite exam questions
Sometimes we need to consider the probabilities of two
related events.
The relationship between two events can provide
information about the probabilities of
Bernoulli Trials
3.5
You flip an unfair coin, with the probability of tails
being 0.7, three times.
What is the probability of exactly 2 tails?
Now flip the same coin 4 times. What is Pr(T = 2)?
How about for 5 trials? Pr(T = 2)?
How about 6 trials? Pr(T
RV, PDF, E(x)
4.1 4.2
RV, PDF, E(x) only. Skip variance and standard
deviation.
This material is a bridge between probability and
statistics.
A Random Variable, RV, is an assignment of real
numbers to each outcome in the sample space S.
The Probability De
2.3
Combinations
Does order matter?
Permutation = an ordered selection
P n, r
n!
(n r )!
Combination = an unordered selection
C n, r
n!
(n r )!r!
Ex. A committee of 5 people is selected from 30
candidates.
Ex. In how many ways can you select 2 flavors f