probability and statistics for business and economics
BUS 216

Spring 2016
Sheena Thompson
Professor Nattania
Research Paper # 1
October 23, 2016
In life, people of all ages go through different ethical viewpoints and they change for the
better or the worst. The older you ge
probability and statistics for business and economics
BUS 216

Fall 2014
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probability and statistics for business and economics
BUS 216

Spring 2016
Assignment Three Answers
1.
Completed payoff table
Alternative
Build large factory
Build small factory
(3 points each)
States of Nature (Demand)
10,000
20,000
50,000
300,000 200,000
100,000
100,000
probability and statistics for business and economics
BUS 216

Spring 2016
Probability
Use the following to answer questions 1 5
A sample of 500 respondents was selected in the Virginia Beach area to determine information
concerning consumer behavior. Among the questions ask
probability and statistics for business and economics
BUS 216

Spring 2016
Decision Analysis
Note: This assignment is time consuming and requires attention to detail
Use the following to answer questions 1  6
A manufacturer of designer jeans must decide whether to build a l
probability and statistics for business and economics
BUS 216

Spring 2016
Descriptive Statistics
Use the following to answer questions 1 3
Sue Taylor, Director of Global Industrial Sales, is concerned by a deteriorating sales
trend. Specifically, the number of industrial cu
probability and statistics for business and economics
BUS 216

Fall 2014
BUS216 Exam #1 Review SOLUTIONS (SP15)
How to use this review: Work through these problems, using as few resources as
possible (i.e. text and notes). Make notes of where you are having difficulty as y
probability and statistics for business and economics
BUS 216

Fall 2014
Example Research Scenarios
In this document, I've collected many of the scenario problems that we discussed in class
throughout the semester. For each problem you should:
a) Identify the most appropri
probability and statistics for business and economics
BUS 216

Spring 2016
Ch. 15 Inventories for Manufacturing
Beg RM + RM purchased  End RM = RM used
DM used + DL + OH + Beg Inv.  End Inv = COGM
Beg FG Inv + COGM  End FG Inv = COGS
Raw Materials (RM Inventory):
Beginnin
probability and statistics for business and economics
BUS 216

Spring 2016
ITE 119
Unit 3 Assignment 3b
Name: Sheena Thompson
Answer each question by using your Internet Research textbook and the internet. Write your answer in
the space provided for each question.
Part I
1.
probability and statistics for business and economics
BUS 216

Spring 2016
ITE 119
Unit 5 Assignment
Name: Sheena Thompson
Answer each question by using your Internet Research textbook and the internet. Write your answer in
the space provided for each question.
Part I: Scan
probability and statistics for business and economics
BUS 216

Spring 2016
You have narrowed down the prospects of 12 interesting possibilities, 7 of which have expressed
an interest in your personal data file. You are going to further narrow your choices to only 5
candidate
probability and statistics for business and economics
BUS 216

Spring 2016
Probability & Statistics for Business and Economics
Bonus Problem Solution
(1) (8 points) The revised (posterior) probability for each state of nature
Good Review
Events
Success
Flop
Prior
.10
.90
1.0
probability and statistics for business and economics
BUS 216

Fall 2014
Module 1: Introduction to Statistics Practice Quiz  SOLUTIONS
1. Statistics is the science of conducting studies to
a. solve equations.
b. conduct experiments and draw conclusions.
c. collect, organi
probability and statistics for business and economics
BUS 216

Fall 2014
Module 3, Part I Practice Exercises SOLUTIONS
1. The table below lists the caffeine content per fluid ounce for 8 wellknown brands of coffee. In order to describe the center of this small
sample calcu
probability and statistics for business and economics
BUS 216

Fall 2014
Module 2 Practice SOLUTIONS BUS216
TRUE OR FALSE?
1. TRUE
2. FALSE It is the difference between the highest and lowest data point in the set
3. FALSE It is the class midpoint
4. TRUE
5. FALSE A histog
probability and statistics for business and economics
BUS 216

Fall 2014
Probability & Statistics for Business and Economics
Assignment Three
Note: This assignment is time consuming and requires attention to detail
Use the following to answer questions 1  7
The LeFleur Ga
probability and statistics for business and economics
BUS 216

Fall 2014
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probability and statistics for business and economics
BUS 216

Fall 2014
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probability and statistics for business and economics
BUS 216

Fall 2014
TRUE OR FALSE?
Module 2 Practice BUS216
1. Frequency distribution is a summary of data presented in the form of class intervals
and frequencies.
2. The range of a data set is defined as the difference
probability and statistics for business and economics
BUS 216

Fall 2014
Module 4: Probability Practice Set I SOLUTIONS
1. A small company has 20 employees. Six of the employees will be selected randomly to
be interviewed as part of an employee satisfaction program. How ma
probability and statistics for business and economics
BUS 216

Fall 2014
Module 5: Discrete Probability Distributions
1. The expected return or expected value of a single ticket is $17.50.
Outcome (X)
P(X)
Outcome (X)
P(X)
$20,000
1
1000
$750
$2,500
2
1000
2
1000
$20,000
0
probability and statistics for business and economics
BUS 216

Fall 2014
Chapter 4  Probability and Counting Rules
1. If the letters A, B, C, D, E and F are to be used in a fiveletter code, how many different
codes are possible if repetitions are not permitted?
6P5 =
720
probability and statistics for business and economics
BUS 216

Fall 2014
Natalie Haronitou
BUS 216O02N
TCC
BUS 216 O01NSU17 Minitab Assignment #3
Professor Peter Shaw
The following problems were taken from your course book.
Using Minitab software, solve these problems and