Include a project network in the report. In addition‚ take into consideration the following issues: 1. R. C. Coleman’s top management established a required 40-week completion time for the project. Can this completion time be achieved? Include probability information in your discussion. What recommendations do you have if the 40-week completion time is required? 2. Suppose that management requests that activity times be shortened to provide an 80% chance of meeting the 40-week completion time. If
Premium Trigraph Project management Variance
5%* An investment has a 50% chance of producing a 20% return‚ a 25% chance of producing an 8% return‚ and a 25% chance of producing a -12% return. What is its expected return? (9%) Stocks X & Y have the following probability distributions of expected future returns: Probability X Y 0.1 (10%) (35%) 0.2 2 0 0.4 12 20 0.2 20 25 0.1 38 45 a. Calculate the expected rate of return‚ rY‚ for stock Y. (rX
Premium Stock market Investment Stock
Let C be the event that a randomly chosen female aged 18-24 is Caucasian. Given P(S)=.246‚ P(C) =.830 and P(SC)= .232‚ find each probability and express the event in words. (Data are from Statistical Abstract of the United States‚ 2001.) A. P(S).P(S)=1-.246. There is a 75.4% chance that a female aged 18-24 is a nonsmoker B. P(SC).-P(SC)=.246 + .830-.232=.844. There is
Premium Probability theory Normal distribution Credit card
patient care‚ reduce risks‚ improve operational efficiencies and support information exchange. What is an algorithm and what are the 3 algorithms discussed? Algorithms are mathematical formulas that combine weighted data elements to determine the probability of a duplicate in order to identify potential duplicate MPI entries. The three algorithms are deterministic‚ rules based‚ and probabilistic. What is considered to be the best algorithm and why? The best algorithm used is probabilistic matching
Premium Patient Medical record Probability theory
chances for a defect. Here are various formulae to measure different metrics related to Six Sigma Defects Defects per Unit - DPU Total Number of Defects DPU = ------------------------ Total number of Product Units The probability of getting ’r’ defects in a sample having a given dpu rate can be predicted with the Poisson distribution. Total Opportunities - TO TO = Total number of Product Units x
Premium Probability theory Process capability Standard deviation
Practice Multiple Choice Questions for Exam 2 Prof. Alex Angelus Sept. 20‚ 2014 Question 1 2. Which of the following regarding the mean and variance of a portfolio of two stocks is false? a. . b. . \ c. d. . 2 Question 2 2. Which of the following are required conditions for the distribution of a discrete random variable X that can assume values xi? a. 0 p(xi) 1 for all xi b. c. Both a) and b) are required conditions d. Neither a) nor b) are required conditions
Premium Normal distribution Standard deviation Variance
In statistics‚ a sample is a subset of a population. Typically‚ the population is very large‚ making a census or a complete enumeration of all the values in the population impractical or impossible. The sample represents a subset of manageable size. Samples are collected and statistics are calculated from the samples so that one can make inferences or extrapolations from the sample to the population. This process of collecting information from a sample is referred to as sampling. A complete sample
Premium Randomness Random variable Simple random sample
sample of 100 packets is taken and weighed. This sample has a mean weight of 5.03 kg and a standard deviation of 0.21 kg. can we calculate that the mean weight produced by the machine has increased? Use 5% level of significance. Q.6. Find the probability that at most 5 defective bolts will be found in a box of 200 bolts if it is known that 2 percent of such bolts are expected to be defective. (you may take the distribution to be Poisson;
Premium Statistics Arithmetic mean Weighted mean
95% of the time? 2. Suppose you have $20‚000 total. If you put $14‚000 in Stock A and the remainder in Stock B‚ what will be the expected return on your portfolio? What will be the standard deviation on your portfolio? State of Economy Probability Return on A Return on B Recession 0.1 -20% 30% Normal 0.6 10% 20% Boom 0.3 70% 50% 3. Stock Y has a beta of 1.50 and an expected return of 16%. Stock Z has a beta of 0.70 and an expected return of 11.5%. The market risk premium
Premium Probability theory Arithmetic mean Investment
CULTURAL IMPERIALISM Explanation of Theory: Cultural Imperialism Theory states that Western nations dominate the media around the world which in return has a powerful effect on Third World Cultures by Individual Interpretations: Western Civilization produces the majority of the media (film‚ news‚ comics‚ etc.) because they have the money to do so. The rest of the world purchases those productions because it is cheaper for them to do so rather than produce their own. Therefore‚ Third World countries
Premium Theory Diffusion of innovations Scientific method