Drawing cards

Pretend you are drawing cards without replacement from the infamous Iraq's most wanted deck issued by the us military. If you are drawing from the full deck of 55 cards, what are the folloing probabilities: a. You draw a card that is not Saddam Hussein? b. You draw two cards, which end up being Saddam Hussein and anothe ...continues

Business Statistics

- Using PHSTat - Send Excel + Paste into Word also * Must write out a NULL & HYPOTHESIS and include BUT WHAT DOES THIS MEAN TO A MANAGER?? See attached file for solution template.

Regression analysis for Business Statistics - Effect of Shelf Space on Sales of Pet Food.

Problem #1 The marketing manager of a large supermarket chain would like to determine the effect of shelf space on the sales of pet food. A random sample of 12 equal-sized stores is selected, with the following results: Store Shelf Space X (Feet) Weekly Sales Y (Hundreds of Dollars) 1 5 1.6 2 5 2.2 3 5 1.4 4 10 ...continues

Business Statistics

Business Statistics See attached [same as priors] - Using PHSTAT - Send Excel + Paste into Word

Business Statistics

The Student Viewfinder Survey ( Campus Satisfaction Survey) is great! * Same as priors [with PHStat] * Upload .doc + .xcl

Probabilities

Can you think of situations in the business world or other real life situations where you would need to calculate or estimate probabilities? As a corollary, would you say that probabilities have to be numeric (quantitative) in order to be useful to business and industry? Why or why not?

Joint Probability

· Calculate probabilities and joint probabilities on the events of driving to work everyday for 10 days. · Identify the meaning of independent and dependent of this event · Understand the basic logic of probability theory Monday 30 minutes Tuesday 35 minutes Wednesday 30 minutes Thursday 25 minutes ...continues

Frequency Distributions in the Business World

Why is it important to be familiar with frequency distributions in the business world? Give examples by using a distribution chart from a set of data.

Sampling

Describe the process of selecting and evaluating a sample. Why is sampling important to business? Are there situations in business where sampling would not be effective?

Regression Analysis

Why is it important for you to study regression analysis in a business course? Are there situations in business where you will need to use regression analysis? Understand the limitations of the linear regression method.