What is your gender?
1. Male
2. Female
55%
45%
1.
2.
What Faculty are you in?
1.
2.
3.
4.
5.
Arts
Science
Engineering
Management
Other
74%
18%
6%
1.
2.
3%
3.
0%
4.
5.
Money motivates employees better
Hypothesis Testing: One Population
Hypothesis testing is used to make decisions about a population based on the analysis of sample
statistics. There are always two hypothesis statements which are mutu
Simple Linear Regression
Simple linear regression is used to analyze the nature of the relationship between two variables.
The dependent (response) variable is designated by Y and the independent (exp
MGCR 271 | Business
Statistics
Tutorial 1
January 18, 2012
TAs
[email protected][email protected]
2 others for office hours (Yuemei and
Debra)
Review
Describing Data with
TowardStatisticalInference
Inferential statistics involves using a representative subset of data (a sample)
in order to draw conclusions about unknown characteristics of an entire set of
elements (a p
RandomVariables
A random variables numerical value is determined by the outcome of a
random phenomenon.
i.e. A basketball player shoots three times. We can define a random
variable X as the number of
ObtainingData
Available data were produced in the past for some other purpose but that
may help answer a present question inexpensively. The library and the
Internet are sources of available data.
Gov
NormalDistributions
The normal distribution has two parameters: the mean () and the standard
deviation (). Each different combination of and specifies a different normal
distribution. The normal distr
Inference for Two-Way Tables
Contingency Table Test for Independence:
H0: The two criteria are independent of each other.
H1: The two criteria are not independent of each other.
*OR*
H0: p1 = p2 = p3
RandomnessandProbability
A phenomenon is random if individual
outcomes are uncertain, and there is a
distribution of outcomes in a large
number of repetitions.
The probability of any outcome of a rand
FurtherExamples
WaitingLine
InventoryManagement
1.
Example1:Determining#Servers
UsingWaitTimeStandards
A taxi company has seven cars stationed at an airport during
lateeveninghoursonweeknights.Thecomp
SESSION 4
MGCR 222:
Introduction to Organizational Behavior
Communication 1
Professor Alfred Jaeger
Overview
Housekeeping issues
Questionnaire about Older Workers
Communication Defined
Communication M
Project Management
Chapter 17
Project
Management
Project Management
Learning Objectives
Understand key elements in project
management
Depicting a project as a network of activities
Finding project
WAITING LINES
Chapter18
ServiceCapacity
Planning
WaitingLines
WAITING LINES
Learning Objectives
Definition of waiting lines and their relevance to
capacity planning
Why do they occur?
How can we model
INVENTORY
MANAGEMENT
Chapter12
INVENTORY
MANAGEMENT
Learning Objectives
Understand the importance of inventory
management
Understand the various inventory models and
the associated inventory managem
SUPPLY CHAIN
MANAGEMENT
SupplyChain
Management
Chapter11
SUPPLY CHAIN
MANAGEMENT
Learning Objectives
Definition and examples of SCM
Why do we need SCM?
Bullwhip Effects
Effect of Contractual coordinat
QUALITY CONTROL
Quality
Control
Chapters9&10
QUALITY CONTROL
Learning Objectives
Understand the importance of quality and
quality management
Explain the elements of the quality control
process
Appl
INTRODUCTION
Chapter 1
INTRODUCTION
Outline
What is Operations Management, and
why is it important?
Comparison between Manufacturing and
Service systems (i.e. goods vs.
services)
Types of decisions in
Black-Scholes Value of a Discretionary Phase, Expressed as a Percentage of Discounted Revenue
B= t
A=S/X
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
0.60
0.65
0.70
0.75
0.80
0.85
0.90
0.95
Process Management
Chapter 3 of:
Managing Business Process Flows, Principles of Operations
Management
Learning Objectives
x
Process Performance Evaluation
x
Process flow measures
x
Relating flow measu
INVENTORY MANAGEMENT-Newsvendor Problem
SINGLE PERIOD INVENTORY
(Newsvendor)
MODEL
Supplement to Chapter 12
INVENTORY MANAGEMENT-Newsvendor
Problem
Learning Objectives
Understand when to use the sing
STRATEGY, COMPETITIVENESS & PRODUCTIVITY
Chapter 2
Strategy,
Competitiveness,
and Productivity
STRATEGY, COMPETITIVENESS & PRODUCTIVITY
Learning Objectives
What is Strategy? What is Operations
Strateg
Scatterplot
A graph showing the shape and direction of the underlying relationship between two
variables.
Observations are plotted in pairs with one variable plotted on each axis.
Typically, the expla
WelcometoBusinessStatistics!
Statistics is the science of getting insight from data in context.
Knowing how to carry out calculations or construct graphs little
value.
Knowing which calculations and g