Basic Business Statistics 12th Edition Chapter 5 Discrete Probability Distributions Copyright ©2012 Pearson Education‚ Inc. publishing as Prentice Hall Chap 5-1 Learning Objectives In this chapter‚ you learn: The properties of a probability distribution To compute the expected value and variance of a probability distribution To calculate the covariance and understand its use in finance To compute probabilities from binomial‚ hypergeometric‚ and Poisson distributions How to use
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Reading Journal #4 In chapters 3-5 in Outliers‚ Malcolm makes a very great point. People in this world tend to think that those with IQ’s higher than 140 are the ones that are going to have great futures with jobs that will make them great income. Now anyone in this world would agree that those with high IQ’s are intelligent‚ but just because they may be smarter than most people‚ does not necussarily mean that they are going to succeed in life. Having a high IQ does not define who you are‚ the
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Chapter 4‚ we learned the various aspects of an audience‚ when preparing a written or electrical document. How did I consider my audience needs and interests as I developed the presentation about Great Calls marketing strategy? I put myself in their shoes and considered the expectations that a manager of a large cellular company would expect. I recognized their time is valuable and I would need to be quick and direct. I also thought that I would have to put together a presentation that was professional
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Chapter 4 15. For discrete compounding‚ to find the EAR‚ we use the equation: EAR = [1 + (APR / m)]m – 1 = .0719‚ or 7.19% EAR = [1 + (.07 / 4)]4 – 1 EAR = [1 + (.16 / 12)]12 – 1 = .1723‚ or 17.23% = .1163‚ or 11.63% EAR = [1 + (.11 / 365)]365 – 1 To find the EAR with continuous compounding‚ we use the equation: EAR = er – 1 EAR = e.12 – 1 = .1275‚ or 12.75% 23. Although the stock and bond accounts have different interest rates‚ we can draw one time line‚ but we need to remember to
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Chapter 4 Case Study 1. Stakeholders: a. John Ryan – Superior Systems relationship manager – Aggressive. b. Nick – Superior Systems managing consultant – conservative. c. Sandy – Superior Systems Technical – observant. d. Sara – Superior Systems possible project manager - e. Ron Gimble – Point of contact for Capitol State Chemicals. f. Ron Newell – Capitol State’s IT operations manager. g. Kelly – Capitol State’s network technician – viewed as a project manager. h. Alex – Capitol State’s
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ECON CHAPTER 4 PRACTICE QUESTIONS Names____________________ 1. Melissa buys an iPod for $ 120 and gets consumer surplus of $ 80. a. What is her willingness to pay? b. If she had bought the iPod on sale for $ 90‚ what would her consumer surplus have been? c. If the price of an iPod were $ 250‚ what would her consumer surplus have been? 2. An early freeze in California sours the lemon. Explain what happens to consumer surplus in the market
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Chapter IV Results and Discussion Research Result * The ultimate objective (key component) of scientific research * One of the four major sections that constitute the main body of the research * Presents all the data collected and accumulated‚ together with the statistical treatments and analyses without discussing the implications of the findings. * Consists of the observations and measurement recorded while conducting the process and procedures describe in the Methodology section
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Chapter 4 Case Study Questions REI Climbs the Web Mountain 1. Create a simple logical design and physical design for REI.com A simple logical design for REI.com would include the following concepts: HTTP requests and other data from a customer’s client computer that travels to Web servers‚ application servers‚ and data servers which displays specific Web pages in response to those requests. When the customer’s order is submitted‚ it is then forward to an order-processing application database
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The Neuron Doctrine is a concept that led scientists to the realization that the brain consists of many specialized regions and cells. However‚ during the process‚ scientists had to overcome obstacles such as the minute size of the cell‚ the jello-like consistency of brain tissue‚ and the similar cream- colored pigmentation of tissue cells. Advances in technology over the years‚ though‚ helped to solve these problems: the development of the compound microscope‚ the discovery of how to harden‚ or
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CHAPTER 4: The Bonds of Empire‚ 1660-1750 o Rebellion and War‚ 1660-1713 ▪ Before Restoration (1660)‚ England made little attempt to weld colonies ▪ Royal Centralization‚ 1660-1688 • Restoration monarchs disliked representative government • Charles II rarely called parliament into session after 1674‚ and none after 1681 • James II wanted to rule as absolute monarch
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