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33 pages
Ans 3
Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large ...
Ans 3
Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak ...
Mod 6 - Excel Homework III: Amortization Table
This Excel assignment you will create an amortization table based on a given principal, interest rate, and payment longev ...
Mod 6 - Excel Homework III: Amortization Table
This Excel assignment you will create an amortization table based on a given principal, interest rate, and payment longevity, and analyze alternative criteria to determine the optimal conditions. To begin, access the Excel Template and follow the instructions under the Template – Amortization tab.
Discussion unit 6
In this Discussion, you will explore how you can apply descriptive statistics, probability calculations, normal distributi ...
Discussion unit 6
In this Discussion, you will explore how you can apply descriptive statistics, probability calculations, normal distribution calculations, hypothesis testing, regression, and forecasting to current events.Research an article on a current event that centers on a controversial issue where the two sides are claiming opposing views. Then, describe how you would analyze the situation to settle the issue if you were involved in this event. For example, if the article was about whether a proposed new law about gun control will reduce deaths, you may describe how you would use hypothesis testing to compare data from states where such laws exist. Or, if the article was about actions to take to reduce gas prices, you could talk about how you would use regression to figure out which factors affected prices at the pump the most.Please note that this Discussion should be limited to how statistical analysis can be applied to current issues. This is not the place to champion a particular position on the issue you are discussing or get into an argument about the various sides of an issue. Remember, you are here to analyze, not proselytize.Also note that the article you are citing must be discussing the opposing views on the issue. Do not introduce your own perspective on what is being disputed. For example if the article is about the new budget being passed but does not discuss any conflicts of opinion, it doesn’t qualify.Please use the template below in your answers so everyone can easily follow your answers to all the questions (copy and paste to your post).Use this template for your Unit 6 Discussion.Summary of the articleBriefly describe the current event described in the article.Central questionWhat does the article say about the issue being disputed? What are the conflicting points of view according to the article? Use direct quotes from the article to summarize the dispute and the opposing sides.There has to be some specific issue in dispute at the center (do tax breaks increase spending, what impacts health care costs the most, etc.), and the sides have to be defending a particular position.Do not use examples where the issue is based on opinions or morality. For example, “Should abortion be legal?” is largely a morality question and is not suitable for statistical analysis. Conducting a survey to ask people about their opinions is not the same as analyzing data and making conclusions- you still only have opinions.MethodologyExplain which methodology you will apply. Provide the relevant details. Where will your data come from? How will the results from this methodology answer the question you described above?If you are going to use forecasting, explain how you will do that (which methodology and why) and how you will measure your accuracy. How will the forecast settle the issue?If you do a regression analysis, explain what the dependent and independent variables will be.If you will do hypothesis testing, what will the null and alternative hypothesis be?
MATH 203 BU Calculating Binomial Probabilities Airline Flight Reservation Scenario
Calculating Binomial Probabilities - Suppose you work for an airline and you are taking reservations for a flight on an ai ...
MATH 203 BU Calculating Binomial Probabilities Airline Flight Reservation Scenario
Calculating Binomial Probabilities - Suppose you work for an airline and you are taking reservations for a flight on an aircraft that has 152 seats. You know, based on historical flights trends, that if you sell a single ticket there is a 91% chance that the person with the ticket will actually show up for the flight. You decide to try to make a little extra money by overbooking your flight and you sell 160 tickets hoping that not more than 152 people will actually show up for the flight (note: this is a common business practice! Click here to watch a video that explains why)Explain how this scenario meets the four requirements in the definition of a Binomial Distribution (page 200)Identify what n and p are in this exampleUse technology (StatCrunch, Statdisk, or Excel) to calculate the probability that if you sell 160 tickets for your flight, more passengers will show up than there are seats available (again, the plane has 152 seats total). Post an image of your technology output using the Insert/Edit Image feature in Blackboard (no attachments!)Based on this probability, do you think it is a wise business practice to oversell your flight in this manner? Explain.
2 pages
Decision Tree Solution Final
A local fashion retailer is seeking a new retail outlet in the neighborhood estate. The property agent recommended two pos ...
Decision Tree Solution Final
A local fashion retailer is seeking a new retail outlet in the neighborhood estate. The property agent recommended two possible sites. One of the ...
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Most Popular Content
33 pages
Ans 3
Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large ...
Ans 3
Georgia Cabinets manufactures kitchen cabinets that are sold to local dealers throughout the Southeast. Because of a large backlog of orders for oak ...
Mod 6 - Excel Homework III: Amortization Table
This Excel assignment you will create an amortization table based on a given principal, interest rate, and payment longev ...
Mod 6 - Excel Homework III: Amortization Table
This Excel assignment you will create an amortization table based on a given principal, interest rate, and payment longevity, and analyze alternative criteria to determine the optimal conditions. To begin, access the Excel Template and follow the instructions under the Template – Amortization tab.
Discussion unit 6
In this Discussion, you will explore how you can apply descriptive statistics, probability calculations, normal distributi ...
Discussion unit 6
In this Discussion, you will explore how you can apply descriptive statistics, probability calculations, normal distribution calculations, hypothesis testing, regression, and forecasting to current events.Research an article on a current event that centers on a controversial issue where the two sides are claiming opposing views. Then, describe how you would analyze the situation to settle the issue if you were involved in this event. For example, if the article was about whether a proposed new law about gun control will reduce deaths, you may describe how you would use hypothesis testing to compare data from states where such laws exist. Or, if the article was about actions to take to reduce gas prices, you could talk about how you would use regression to figure out which factors affected prices at the pump the most.Please note that this Discussion should be limited to how statistical analysis can be applied to current issues. This is not the place to champion a particular position on the issue you are discussing or get into an argument about the various sides of an issue. Remember, you are here to analyze, not proselytize.Also note that the article you are citing must be discussing the opposing views on the issue. Do not introduce your own perspective on what is being disputed. For example if the article is about the new budget being passed but does not discuss any conflicts of opinion, it doesn’t qualify.Please use the template below in your answers so everyone can easily follow your answers to all the questions (copy and paste to your post).Use this template for your Unit 6 Discussion.Summary of the articleBriefly describe the current event described in the article.Central questionWhat does the article say about the issue being disputed? What are the conflicting points of view according to the article? Use direct quotes from the article to summarize the dispute and the opposing sides.There has to be some specific issue in dispute at the center (do tax breaks increase spending, what impacts health care costs the most, etc.), and the sides have to be defending a particular position.Do not use examples where the issue is based on opinions or morality. For example, “Should abortion be legal?” is largely a morality question and is not suitable for statistical analysis. Conducting a survey to ask people about their opinions is not the same as analyzing data and making conclusions- you still only have opinions.MethodologyExplain which methodology you will apply. Provide the relevant details. Where will your data come from? How will the results from this methodology answer the question you described above?If you are going to use forecasting, explain how you will do that (which methodology and why) and how you will measure your accuracy. How will the forecast settle the issue?If you do a regression analysis, explain what the dependent and independent variables will be.If you will do hypothesis testing, what will the null and alternative hypothesis be?
MATH 203 BU Calculating Binomial Probabilities Airline Flight Reservation Scenario
Calculating Binomial Probabilities - Suppose you work for an airline and you are taking reservations for a flight on an ai ...
MATH 203 BU Calculating Binomial Probabilities Airline Flight Reservation Scenario
Calculating Binomial Probabilities - Suppose you work for an airline and you are taking reservations for a flight on an aircraft that has 152 seats. You know, based on historical flights trends, that if you sell a single ticket there is a 91% chance that the person with the ticket will actually show up for the flight. You decide to try to make a little extra money by overbooking your flight and you sell 160 tickets hoping that not more than 152 people will actually show up for the flight (note: this is a common business practice! Click here to watch a video that explains why)Explain how this scenario meets the four requirements in the definition of a Binomial Distribution (page 200)Identify what n and p are in this exampleUse technology (StatCrunch, Statdisk, or Excel) to calculate the probability that if you sell 160 tickets for your flight, more passengers will show up than there are seats available (again, the plane has 152 seats total). Post an image of your technology output using the Insert/Edit Image feature in Blackboard (no attachments!)Based on this probability, do you think it is a wise business practice to oversell your flight in this manner? Explain.
2 pages
Decision Tree Solution Final
A local fashion retailer is seeking a new retail outlet in the neighborhood estate. The property agent recommended two pos ...
Decision Tree Solution Final
A local fashion retailer is seeking a new retail outlet in the neighborhood estate. The property agent recommended two possible sites. One of the ...
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