Denim and jeanswear demand shows no sign of fading 18/5/2009 The denim and jeanswear market is traditionally one of the industry’s most vibrant sectors‚ embracing different age‚ fashion and commodity brackets. But how will it fare amid the current economic downturn and beyond? This is one of the main focuses of a new report from just-style‚ which offers two different forecasts for the future. Given the uncertainties of recession‚ the latest edition of just-style’s report ’Global market review
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CASE STUDY: 1 The bulbs manufactured by a company gave a mean life of 3000 hours with standard deviation of 400 hours. If a bulb is selected at random‚ what is the probability it will have a mean life less than 2000 hours? Question: 1) Calculate the probability. 2) In what situation does one need probability theory? 3) Define the concept of sample space‚ sample points and events in context of probability theory. 4) What is the difference between objective and subjective probability
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Digital Cell Phone‚ Inc. Case Study Paul Jordan’s boss gave him an assignment where he was required to look at cell phone orders for the past three years. With this information‚ he is to use new planning techniques to project expected orders for the next 6 to 12 months‚ as well as advise his boss on what actions he should take for future production. The method we used to forecast the cell phone orders for the upcoming year is regression analysis; we calculated the linear regression formula from
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tions about tPredictions about the future There are many predictions about the future and they all different. Some predictions about robot’s and their ways to make our life easier‚ others about catastrophe the Earth must suffer‚ still others about problems of the Earth and so on. We’ll consider some of them. First prediction is about robot’s helping to make our life better. During next fifty years time computers will be much more intelligent than today and it will change people’s lives. Computers
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How to teach going to for future plans? Warm up If you are dealing with beginners‚ it would be much better to teach the simple present before teaching the future plan. If you are dealing with intermediate students‚ simply review the simple future. To review the simple future‚ you may introduce an activity that involves a fortune-teller. Elicit from students how a fortune-teller predicts something in the future: Examples: Fortune teller says: 1. You will get rich. 2. You will set up your own
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My name is Rivozanov. I have a lot of dreams. When I was a kid my dream is to be a pilot‚ and as the time goes by‚ I have other dreams‚ sometimes‚ I want to be a president‚ an army‚ doctor and other interesting dreams. But now I have grown up‚ now I know what I want to be. Now‚ i almost finish my studies in university. I will obtain Bachelor of Science Information. After I graduate‚ I want to work in one of the biggest oil company such as Chevron‚ Petronas‚ Exxon‚ etc. I want to be the staff
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Deterministic techniques assume that no uncertain exists in model parameters. A: True An inspector correctly identifies 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is .736. A: Use Binomial table to discover ‚ add 3 probabilities for 0‚1‚2 A continuous random variable may assume only integer values within a given interval. A: False A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes and branches
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Dominic Cole’s IELTS Blog www.dcielts.com The bar chart below shows the quarterly profit forecast for three major US companies in 2012. Write a report for a university lecturer describing the chart. You should write at least 150 words. You should spend about 20 minutes on this task. Quarterly profit forecasts for three major US companies in 2012 1500 1350 1200 Profit in millions of dollars 1050 900 750 600 450 300 150 0 Jan-March Apr-June July-Sept Oct-Dec Microsoft Ford IBM Dominic
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The Glass Slipper Restaurant For years The Glass Slipper restaurant has operated in a resort community near a popular ski area of New Mexico. The restaurant is busiest during the first 3 months of the year‚ when the ski slopes are crowded and tourists flock to the area. When James and Deena Weltee built The Glass Slipper‚ they had a vision of the ultimate dining experience. As the view of surrounding mountains was breathtaking‚ a high priority was placed on having large windows and providing a spectacular
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Accepting Error is Reducing Error: The Controversy of Clinical versus Actuarial Prediction One of the important goals of psychology is predicting future events or behaviour. About 40 years ago‚ Paul Meehl‚ a famous psychologist‚ raised an important question about how we should predict future behaviour in his paper with the catchy title “When Shall We Use Our Heads Instead of the Formula?” (268). The “head” in the title of the paper refers to clinical prediction. In clinical prediction‚ psychologists
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