Basic Concepts of Probability
Chapter 4
Q: What is Probability?
A: Probability is a measure of how likely it is that some event will occur
or not occur.
DEF. Probability is the branch of mathematics t
Assumption Table
Unit Sales Year 1
Unit Sales Price
Sales Growth Rate
Cost of Goods Sold as % of Price
Operating Expense Growth Rate
Income Tax Rate
200
$110
115%
60%
105%
50%
Income/Expense Category
Assumption Table
Unit Sales Year 1
Unit Sales Price
Sales Growth Rate
Cost of Goods Sold as % of Price
Operating Expense Growth Rate
Income Tax Rate
200
$110
115%
60%
105%
50%
Income/Expense Category
Assumption Table
Unit Sales Year 1
Unit Sales Price
Sales Growth Rate
Cost of Goods Sold as % of Price
Operating Expense Growth Rate
Income Tax Rate
200
$110
115%
60%
105%
50%
Income/Expense Category
Arman Ibric, Andrew Biglin, Tara Devine, Maurice Grahm, Anton
Alternative Distributor for SSI
(Case 3)
1. Define the problem
Sugar Sweets Inc. (SSI) was looking to increase market coverage and
the sal
PENN STATE UNIVERSITY ABINGTON
SPRING 2018
Subject: Supply Chain Management
Topic: Exam I Part II
Instructor: Dr. Joseph Jang
Due Date & In-Class Exam: 2/14/2018
PLEASE ANSWER ALL QUESTIONS, EACH IS W
NORMAL DISTRIBUTION
Q: What is meant by the term Normal Distribution?
A: A Normal Distribution is a curve having 4 properties:
[1] It is perfectly symmetric.
[2] Its Mean = Median = Mode.
[3] It has a
DISCRETE PROBABILITY DISTRIBUTIONS
AND THE BINOMIAL DISTRIBUTION
AND THE POISSON DISTRIBUTION
Q: What is a random variable?
A: A random variable is a numerical value we get
from a probability experime