estimate “conditioned on” the fact that I have already lived 54 years. Life is dynamic. Things are constantly changing. However‚ too often decisions are based on static information. Bayes theorem takes advantage of dynamic information to give a better‚ more correct answer. Bayes Theorem is a mathematical representation that helps one to calculate conditional probability. It relates inverse representation of the probabilities concerning two events. This theorem is named after the British Mathematician
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Ratio | Industry benchmark ratio | Woolworths’ ratio | Brief Comment | Current Ratio | 1.2:1 | 0.80:1 | The current ratio ofWoolworth is considerablybelow industry average themovement from it is 33.33% (1.2-0.8)/1.2*100) Which is not really good for business | Liquid ratio | 0.7:1 | 0.34:1 | The Liquid ratio of Woolworth is considerably below industry average. The movement is 51.43 %. It is showed that the business may have problem in paying their debt.(0.7-0.34/0.7*100) | Gross Profit ratio
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nails contains at least how many nails approximately? QUESTION 24 You are the owner of a small casino in Las Vegas and you would like to reward the high-rollers who come to your casino. In particular‚ you want to give free accommodations to no more than 10% of your patrons. Suppose that the amount wagered by patrons follows a normal distribution. The mean amount wagered by all patrons is $287 with a standard deviation of $15. You should give free accommodations to those individuals who wager
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Descriptive Statistics Carlos Duran QNT/561 April 28‚ 2015 Steven Marantz Descriptive Statistics Sales (in USD) Central Tendency: Mean = 42.824 dollars Dispersion: Standard Deviation = 9.073 dollars Number: 100 Min/Max: MIN IS $23.00; MAX IS $64.00 Confidence Interval: $1.06 to $44.62 The histogram is present in appendix A; the descriptive statistics are present in appendix B. Age Distribution: State if not normally distributed Central Tendency: Median = 35 years Dispersion:
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Dear Quote Investigator: I attended a graduation ceremony last year and was genuinely impressed by a quotation used in the keynote address: What lies behind us and what lies ahead of us are tiny matters compared to what lies within us. The speaker credited Ralph Waldo Emerson and that sounded plausible to me‚ but when I searched on the internet to find a specific reference I was surprised to discover substantial disagreement. Some websites do attribute the words to Emerson‚ but other websites
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Developmental and SocialAt age of 15‚ he was charged with theft. Onur has been involved in crime for many years.He has a unique ability to be very convincing and brags about being able to get aways with anything. He does not show any remorse for stealing more than 3 million dollars.Course of Treatment List two target behaviors and two interventions.Target BehaviorsStealing Addiction/ KleptomaniaAntisocial PersonalityFrequency and Duration of Target Behaviors10 years of stealing At a young age up until age
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Today’s future is obsessed with the future. Millions of people read their horoscopes daily‚ hoping for insight into their future. Financial analysts make predictions of the financial markets. Film directors create sci-fi films depicting what the future might be. David Brook’s article‚ Looking Back on Tomorrow‚" discusses his vision of what the future might look like. Brook predicts that the future will have extensive medical technology‚ globalization of power‚ economic inequality and democracy.
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Types of lies people tell Anybody can say that lying is a bad habit. Although‚ lies might have been part of human life since language appeared and day by day lies are more part of our daily lives. However‚ nowadays some lies can be accepted in our society and these lies can be classified according to their intentions and their degree. First of all‚ a white lie is often the least serious of all. This type of lie tends to be tactful and polite‚ but sometimes it
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EMBA Ranking 2012 Rank 2012 3 year average School name Programme name Salary today (US$) Salary increase (%) Career progress rank Work experience rank Aims achieved rank International course experience rank FT.com Business School Rankings - Custom PDF download 1 1 Kellogg / Hong Kong UST Business School Kellogg-HKUST EMBA 465‚774 42 25 2 1 41 2 2 Columbia / London Business School EMBA-Global Americas and Europe 265‚596
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In today’s world‚ we are faced with situations everyday where Statistics can be applied. In general‚ Statistics is the science of collecting‚ organizing‚ and analyzing numerical data. The techniques involved in Statistics are important for the work of many professions‚ thus the proper preparation and theoretical background of Statistics is valuable for many successful career paths. Marketing campaigns‚ the realm of gambling‚ professional sports‚ the world of business and economics‚ the political
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