expected average outcome over many observations.The common symbol for the mean (also known as the expected value of X) is ‚ formally defined by Variance - The variance of a discrete random variable X measures the spread‚ or variability‚ of the distribution‚ and is defined by The standard deviation is the square root of the variance. Expectation - The expected value (or mean) of X‚ where X is a discrete random variable‚ is a weighted average of the possible values that X can take‚ each value
Premium Probability theory Binomial distribution Random variable
Probability distribution Definition with example: The total set of all the probabilities of a random variable to attain all the possible values. Let me give an example. We toss a coin 3 times and try to find what the probability of obtaining head is? Here the event of getting head is known as the random variable. Now what are the possible values of the random variable‚ i.e. what is the possible number of times that head might occur? It is 0 (head never occurs)‚ 1 (head occurs once out of 2 tosses)
Premium Random variable Probability theory Cumulative distribution function
An Introduction …………………………………………………………………………….. 2 2. The reason of why distribution is such a key element of IKEA’s value chain.. 2 3.1 Distribution System of IKEA ………………………………………………………………………… 2 3.2 Porter’s and IKEA modified value chain ……………………………………………………….. 2 3.3 Importance of distribution for IKEA value chain …………………………………………… 2 3. SMA techniques in IKEA for managing its distribution network ………………….. 3 4.4 Target costing ………………………………………………………………………………………………
Premium Marketing Costs Management accounting
31 THE RETAIL DISTRIBUTION CHANNEL C H A P T E R 2 Early in 2005‚ IBM Business Consulting Services released a survey that compiled in-depth interviews with more than 100 sales‚ marketing‚ and merchandising executives at over 20 consumer products and retail companies. Only 9 percent of the retailers felt their suppliers had “a good understanding” of their business objectives. The gist of the survey was that retailers felt the product manufacturers have focused their efforts on the end
Premium Marketing Supply chain Retailing
Distribution channel plays an important part in the supply chain. Distribution channel‚ as defined by Coughlan et al. (2006)‚ is a set of independent organizations involved in the process of making a product or service available for consumption. It serves as the connecting link between the producer and consumer by adding value to products or services (Kim and Frazier‚ 1996) and multiplies selling opportunities through network of intermediaries. These independent organizations are usually made of
Premium Supply chain Marketing Distribution
Frequency Distribution (A) Introduction 1. Ungrouped data versus grouped data Ungrouped data (Raw data): It is a list of individual observed values of the random variable Grouped data (a frequency distribution): It is a table that displays the data in grouping along with the number of occurrences that fall into each group. 2. The components of a frequency distribution a. Class limits: They identify the inclusive values in a class of a frequency distribution The
Premium Frequency distribution Frequency Summary statistics
NORMAL DISTRIBUTION 1. Find the distribution: a. b. c. d. e. f. following probabilities‚ the random variable Z has standard normal P (0< Z < 1.43) P (0.11 < Z < 1.98) P (-0.39 < Z < 1.22) P (Z < 0.92) P (Z > -1.78) P (Z < -2.08) 2. Determine the areas under the standard normal curve between –z and +z: ♦ z = 0.5 ♦ z = 2.0 Find the two values of z in standard normal distribution so that: P(-z < Z < +z) = 0.84 3. At a university‚ the average height of 500 students of a course is 1.70 m; the standard
Premium Normal distribution Standard deviation Probability theory
A channel of distribution can be defined as the collection of organizational units‚ institutions‚ or agencies within or external to the manufacturer‚ which perform the functions that support product marketing. The marketing functions are pervasive: they include buying‚ selling‚ transporting‚ storing‚ grading‚ financing‚ bearing market risk‚ and providing marketing information. Any organizational unit‚ institution‚ or agency that performs one or more of the marketing functions is a member of a channel
Premium Marketing
Student’s Name Professor’s Name Course Date Unequal Childhoods: Class‚ Race‚ and Family Life by Annette Lareau A great number of researches associate family with its class status and the economic prosperity‚ but none of them reveal the way through which inequality is produced as it is done in Unequal Childhoods: Class‚ Race‚ and Family Life by American sociologist Annette Lareau. The author has analyzed the relationships of children with their families and the external world that differ
Premium Social class Family Working class
1.1 GENERAL INTRODUCTION Diabetes mellitus‚ often simply referred to as diabetes‚ is a group of metabolic diseases in which a person has high blood sugar‚ either because the body does not produce enough insulin‚ or because cells do not respond to the insulin that is produced. It is a serious‚ lifelong condition. The three main types of diabetes are: Type 1 diabetes results from the body’s failure to produce insulin‚ and presently requires the person to inject insulin. Type 2 diabetes
Premium Blood sugar Diabetes Diabetes mellitus