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Using quantitative tools is one way to manage data. What kind of solutions may be derived using various statistical process controls (SPC)? Why is SPC training important to both company employees and managers?
What is the difference between an annuity and a sinking fund? If you were to set up an annuity today to purchase something in 7 years what would it be for?
Assume you are going to manage a large construction project involving many subcontractors. Why use PERT or CPM to plan the project rather than just logically scheduling the subcontractors?
Plan the analysis
What is captial budgeting? Why are capital budgeting decisions crucial to the long run financial health of a business enterprise?
X and Y are both standard normal random variables (mean = 0, standard deviation = 1), statistically independent of each other. Create a simulation model to estimate the probability that X and Y are both positive and that their sum is less or equal..
You have been asked to ship a package from Pennsylvania to California. You need to get it there in 2 days, heads will roll if it is late.You call 2 carriers, and ask them what their average transit time is to California.
An insurance policy sells for $1200. Based on past data, an average of 1 in 125 policy holders will file a $15000 claim, an average of 1 in 100 holders will file a claim of $40,000 and an average of 1 in 250 holders will file a claim of $80,000.
What are some benefits of an auditor using statistical sampling? What are some examples of statistical sampling? Does anyone have any experience they are willing to share with the class on statistical sampling?
Is it acceptable for a researcher to refrain from reporting the use of highly sophisticated statistical analysis and opt for simpler forms of analysis? Explain.
Do a one-way ANOVA to test the hypothesis that the population means are equal and what are the hypotheses to be tested here? What is the value of F ?
Facebook sold shares to investors at $38 each in its IPO. One year later, its stock price was hovering around $26. What was the percentage drop in Facebook shares in its first year as a public company?
The Efficient Markets Hypothesis holds that markets do not react to news or announcements because by the time the information is disseminated, it has already been anticipated.
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