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Pretend that you are a Finance person in a large dynamic company. Your dream is to become CFO someday, so you want to make good financial decisions. You know something about the SDLC phases that IT uses, and you like them because they will help you make good financial decisions at the right points during the project, working closely with IT. You have been assigned to investigate this project request. The VP from manufacturing wants to (1) have the IT Department build a new business application for tracking all activities in her department, and (2) she also wants to order a "SUN Supergiant9000 Server" (costs $250,000) right away to run it on. Assume that you are part of the decision-making process on funding (or not funding) the project.
A. Who are some of the key people you should you talk to, and why?
B. What kinds of questions should you ask to help decide if the project should be funded?
C. In which specific SDLC phase should hardware actually be ordered (if it is still needed at that point)?
Use a 1% level of significance to test the claim that the distribution of first nonzero digits in the account file does not follow Benford's Law.
Test the financial analyst's belief that the average rate charged by credit cards with monthly fees is less than 14%. Use a 5% significance level.
Raccoons are identified by gender and then weighed from three different neighborhoods. Using a 0.05 significance level what can you conclude from the following Two-Way ANOVA results?
I performed a linear regression for the Population to the monthly profit, but do not understand how to use the information. And I do not understand the confidence interval estimate; how do I use and decipher the info.
A patient is chosen at random from the clinic. What is the probability that the patient's test comes out positive for Lyme disease?
illustrate briefly how an experimental study is conducted. What is the difference between the two types of variables used.
Calculate and post your 'answers' or interpretations of (a little bit of a review of the fundamental concepts): The three Measures of Center (Mean, Median, and Mode).
The accounting department at Weston Materials, Inc., a national manufacturer of unattached garages, reports that it takes two construction workers a mean of 32 hours and a standard deviation of 2 hours to erect the Red Barn model.
A sample of 3 is taken from a population of 12 engines. what is the probability that out of 3 taken, at least one is english standard engine?
Telephone calls arrive at a switchboard in a Poisson process at the rate of 2 per minute. A random one-tenth of the calls are long distance.
Estimate the mean study time for the population of all students. What is the probability that the sample mean exceeds the population mean by more than 2 hours?
The standard deviation of all possible x values is called the?
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