probability and statistics for business and economics
BUS 216

Spring 2016
Assignment Two Answers
1.
(8 points) Contingency Table.
Male
136
104
240
Prefers Online Shopping
Does not Prefer Online Shopping
Total
Female
224
36
260
Total
360
140
500
2.
(8 points)
P(male) = 240/500 = 0.48 or 48%
3.
(8 points)
P(male and does not pref
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
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 large
factory or a small factory in a particular locatio
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 asked was Do you prefer shopping online
during the holida
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 get the wiser you become and you see things from a differ
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 customers is stable at 1,500, but they are
purchasing les
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
candidates.
How many possible dates can you get if you want four
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
1.00
Conditional
.70
.20
Joint
.07
.18
.25
Revised
.28
.72
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 microblogs
1.
Go to twitter.com. Search for tweets abou
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. Identify the two keywords in the following search topic
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):
Beginning RM Inventory balance
+ RM Purchased
Total RM Availabl
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
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 Garden Center chain purchases and sells Christmas trees d