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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1. Explain the difference between a “reserve” and a “resource”. What factors influence estimates of reserves and resources for commodities such as minerals or fossil fuels? Resources and reserves are similar in that the both benefit humanity. Resources are materials that can be used to satisfy human needs‚ or used as support. Reserves on the other hand are known deposits with the ability to extract the available material economically; the size of these reserves is not always known or defined
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Scenario #1: A Non-Working Grandma Overview of Scenario: Grandma survives off a old age pension which means that she wouldn’t be able to contribute a lot of money to spend each month on a phone plan She makes calls each month which can be easily factorised into a correct plan Daughter- 30 minutes once a week Son- 40 minutes once a week Sister- 60 minutes once a week SMS’s are minimal‚ averaging to about 10 a week International Calls will not be included in determining which plan is best
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1. A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest. C. credit union 2. With _______ insurance‚ the insured agrees to pay a specific premium each year until death. B. whole-life 3. In a health insurance policy‚ a statement that an applicant won’t be covered for a certain pre-existing condition is called a/an C. exclusion. 4. All insurance is based on a principle called D. division
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1.Logic ∃there exist ∀for all p⇒q p implies q / if p‚ then q p⇔q p if and only if q /p is equivalent to q / p and q are equivalent 2.Sets x∈A x belongs to A / x is an element (or a member) of A x∉A x does not belong to A / x is not an element (or a member) of A A⊂B A is contained in B / A is a subset of B A⊃B A contains B / B is a subset of A A∩B A cap B / A meet B / A intersection B A∪B A cup B / A join B / A union B A\B A minus B / the diference between A and B A×B A cross B / the
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In Mathematics‚ a periodic function is a function that repeats its values in regular intervals or periods. Periodic functions are used throughout science to describe oscillations‚ waves‚ and other phenomena that exhibit periodicity. Periodic functions are those that repeat on a set interval. All trigonometric functions are periodic. They are useful because one can determine the value of the function anywhere in the domain. If a function is periodic‚ then there is some value n for which
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Aluminum GuttersOf all the types of gutters to choose from‚ there is a very good reason why aluminum dominates the gutter market. The metal is corrosion-resistant‚ lightweight‚ easy to work with‚ available in wide range of colors‚ and less expensive than the other alternatives. Copper GuttersCopper gutters will not hold up that much better or last longer than aluminum gutters for the added cost. There are certain long term and short term advantages to copper gutters‚ as long as they are installed
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Certain Cash Contributions for Typhoon Haiyan Relief Efforts in the Philippines Can Be Deducted on Your 2013 Tax Return A new law allows you to choose to deduct certain charitable contributions of money on your 2013 tax return instead of your 2014 return. The contributions must have been made after March 25‚ 2014‚ and before April 15‚ 2014‚ for the relief of victims in the Republic of the Philippines affected by the November 8‚ 2013‚ typhoon. Contributions of money include contributions made
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What is a Reflective Journal? A reflective journal is a way of thinking in a critical and analytical way about your work in progress. It shows how different aspects of your work interconnect. The journal can record: • where your inspiration comes from • how you make use of your ideas to develop your work • your awareness of the cultural context (setting) in which you work This context includes: other artists’ work and their ideas; the ideas of critics and theorists; social‚ political‚ aesthetic
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MATH RATIONALE “The mathematic mind is a mind that is especially interested in mathematics. Rather than find them boring and absurd‚ they find them interesting and absorbing. It is a fact that most children in our Montessori schools manage to achieve great enthusiasm while working with mathematics. Is the preparation of their minds that allows them to reach this pleasure." Maria Montessori‚ London Lectures‚ 1946‚ p 41 Mathematics has always been a difficult subject for students. Many children
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