10112015
Testing of Statistical Hypothesis
(Two Samples Tests)
Statistical Hypothesis testing of difference
of means
Statistical Hypothesis testing of difference
of proportions
Statistical Hypothesis testing of difference
of variances
In the last ch
01122015
Chi Squares Tests
Test of more than two Proportions
Test of Independence of Attributes
Test of Goodness of Fit
Testing of Proportions
Example:
Sharing of patient records is a controversial issue in health care.
A survey was conducted in NCR, Ba
Linear Regression Analysis
Correlation
Simple Linear Regression
The Multiple Linear Regression Model
Least Squares Estimates
R2 and Adjusted R2
Overall Validity of the Model (F test)
Testing for individual regressor (t test)
Problem of Multicollinearity
G
01122015
The difference between two means can be
examined using t test or Z test.
ANalysis Of VAriance
Basic concepts
Oneway analysis of variance to test for
differences among the means of several groups
Twoway analysis of variance and interpret t
PGP Presentation
Time: 90 Minutes
Slides: 33
Elasticity
Session 03
Elasticity: Concepts and Applications
Indian Institute of Management Lucknow
27 June, 2015; Saturday
Plan of the Presentation
_
Part
Part I:
Part II:
Topic
Motivation
Elasticity  Definiti
PGP Presentation
Time: 90 Minutes
Slides: 31
Indifference Curves,
Indifference Maps
Session 05
Consumer Choice: II
Indian Institute of Management Lucknow
02 July, 2015; Thursday
Plan of the Presentation
_
Part
Part I:
Part II:
Topic
History and Motivation
PGP Presentation
Time: 90 Minutes
Slides: 20
Utility, Marginal Utility,
Diminishing Marginal Utility
Session 04
Consumer Choice: I
Indian Institute of Management Lucknow
29 June, 2015; Monday
Plan of the Presentation
_
Part
Topic
Part 0:
The Concept of Ma
PGP Presentation
Time: 90 Minutes
Slides: 40
Demand, Supply,
Equilibrium
Session 02
Demand, Supply, Equilibrium and Price
Formation
Indian Institute of Management Lucknow
26 June, 2015; Friday
Plan of the Presentation
_
Part
Part
Part
Part
Part
Part
0:
I:
PGP Presentation
Time: 90 Minutes
Slides: 46
Introduction
Session 01
Economics: Scope and Methods
Indian Institute of Management Lucknow
25 June, 2015; Thursday
A relevant quote to begin with
Our envy goes to you, setting out to explore the
exciting worl
Risk and Return
FIL 240 Business Finance
Prepared by Keldon Bauer
Risk and Return
Risk is defined as uncertainty of outcomes.
In a financial sense, we are uncertain of the
outcome of any investment.
Formally, uncertainty is measured by
variability.
Statis
Economics: Good Choice of Major for Future CEOs
By Patricia M. Flynn and Michael A. Quinn*
Abstract
It is often suggested that Economics is a good major for individuals interested in becoming
business leaders. Despite this widespread assertion, little res
Journal of College Teaching & Learning May 2007
Volume 4, Number 5
Insights Into The Importance
Of Economic Concepts
To Other Introductory Business Courses
Penelope J. Prenshaw, (Email: prenspj@millsaps.edu), Millsaps College
Susan Washburn Taylor, (Ema
Final Exam Review
Prof. Christian Terwiesch
Module 2:
Process Analysis
Prof. Christian Terwiesch
Processes: The Three Basic Measures
Flow rate / throughput: number of flow units going through the process per unit of time
Flow Time: time it takes a flow
Introduction
Session 1
Prof. Christian Terwiesch
Operations in a Restaurant
Prof. Christian Terwiesch
Operations in an Emergency Room
Prof. Christian Terwiesch
Four Dimensions of Performance
Quality
Cost
Product quality (how good?)
Efficiency
Process q
Emergency Medicine:
An Operations Management View
Christian Terwiesch
Andrew M. Heller Professor at The Wharton School
Operations and Information Management Department
terwiesch@wharton.upenn.edu
http:/opim.wharton.upenn.edu/~terwiesch
Prof. Christian Ter
Productivity
Introduction
Prof. Christian Terwiesch
Productivity as a Major Challenge
The conservation of our national resources is only preliminary to the larger question of
national efficiency. [quote by a US president]
ti
l ffi i
[
t b
id t]
Who is the
Productivity
Introduction
Prof. Christian Terwiesch
Productivity as a Major Challenge
The conservation of our national resources is only preliminary to the larger question of
national efficiency. [quote by a US president]
ti
l ffi i
[
t b
id t]
Who is the
Module 5 Practice Solutions
Security check
SC1. Probability to make it past the gate: 0.5*0.1*0.7=0.035
SC2. Probability to board: 0.035*0.05*0.01 (those are the bad guys that are inspected, but not
caught) + 0.035*0.95 (those are the bad guys that are no
Module 3 Practice Solutions
Dr Peters
DRP1.
Total # of available appointments per day = 2 appointments/hr x 10 h = 20. Subtract 4
appointments for electronic medical recordkeeping = 16 available appointments per day.
Actual # of appointments booked per d
Module 4 Practice Questions
Security check
Consider the following situation at a large German airport. Travelers leaving the EU are
required to verify their identity using a passport and go through a quick security screening at up
to four test points:


Process Analysis
Introduction / Th three
I
d i
The h
measures
Prof. Christian Terwiesch
Subway Sitting in Front of the Store
Prof. Christian Terwiesch
Subway Sitting in Front of the Store
25 Minutes later.
Prof. Christian Terwiesch
Subway Sitting in Front
Module 3 Practice Questions
Dr Peters
Dr Peters is a physician employed by a large primary care practice in Wynnewood, PA. The
practice in which he works is open 260 days a year. Physicians have 30minute appointment
slots starting at 8am all the way up t
Module 3 Homework Questions
Please submit your answers to these homework questions via the Coursera website.
Chiemsee Knee Replacement Clinic
The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of
the German Alps. I
Module 2 Practice Questions
Atlas Inc
Atlas Inc. is a toy bicycle manufacturing company producing a fiveinch small
version of the bike that Lance Armstrong rode to win his first Tour de France. The assembly
line at Atlas Inc. consists of seven work stati
Module 2 Homework Questions
Please submit your answers to these homework questions via the Coursera website.
Posh Nails
Katie Posh runs an upscale nail salon. The service process includes five activities that are
conducted in the sequence described below.
Introduction
Prof. Christian Terwiesch
Operations in a Restaurant
Prof. Christian Terwiesch
Operations in an Emergency Room
Prof. Christian Terwiesch
Operations from the Perspective of the Customer
Prof. Christian Terwiesch
Four Dimensions of Performance