entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by numbers of the sales force. $157 $132 $ 109 $145 $125 $139 Calculate Mean, Variance, and Standard Deviation. Assuming that the distribution on entertainment expenses is approximately normally
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associates in 1870 originally named standard oil company. By 1882 Standard Oil Company was renamed Standard Oil Company of New Jersey (Jersey Standard) and the Standard Oil Company of New York (Socony). Standard Oil broke up into 34 unrelated companies after a U.S. Supreme Court ruling, including Jersey Standard, Socony, and Vacuum Oil. After 100 years in business the company went through yet another name change to Mobil Oil Corporation. In 1972 Jersey Standard becomes Exxon Corporation. In November
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11th Brazil 9+10 2 9.5 Mode (most common) 2 6 8 Multi-modal 2-6-8 Range (highest – lowest) 37-1 36 IQR (inter-quartile range) Q1 (ave 5th and 6th) = 3+6\2 = 4.5 Q3 (ave 15th and 16th) = 20+21\2 = 20.5 IQR = 20.5 – 4.5 16 Standard deviation data No. Data Mean (Data – Mean) (Data – Mean) squared 1 1 13 -12 144 2 2 13 -11 121 3 2 13 -11 121 4 3 13 -10 100 5 3 13 -10 100 6 6 13 -7 49 7 7
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Kennedy's new frontier Charlotte Kennedy History 135 May 22, 2012 Dr.Gladys Vint Kennedy's new frontier Kennedy accomplished many things in his new frontier program. Kennedy improved the economy with his new frontier program by providing global aid and national protection he also lifted the space program. Kennedy also made it so the power of monopoly would not raise the rates, which made him dance like to buy large businesses, but it stopped shoppers from them
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Size | | n | Sample Size | | μ | Population Mean. In equations where population means of multiple variables are needed, the variable name will be subscripted, e.g. μx or μincome. | 118 | x̄ | Sample Mean. Putting a bar above a variable is standard shorthand for the sample mean of that variable, which is something you might see in equations
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probability of finishing in 270 days? Project variance is computed by summing the variances of critical activities: σ2p = 11,11111111 + 69,44444444 + 136,1111111 + 2,777777778 + 11,11111111 + 44,44444444 + 44,44444444 = 319.44444444 Project standard deviation σp = 17.873 days Probability of project completed before 270 days. Z = ( 270– 260 ) / σp = 0.559 ≈ 0.56 From table 0.5 and 0.06 0.71226 = 71.23 % 3 . - I f it i s necessary to crash to 250 or 240 days, how w ould Hill do so
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Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is defined as the Standard deviation is
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–enforced by ASIC—civil penalty provision pp 210 --- criminal penalty ( * not apply to s180) General Law – enforced by coy – compensation / damage to be paid to the coy * Reasonable care Daniels v AWA – minmum standard of care , skill and diligence expected of all directors
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Chapter 1: Introduction – Defining the Role of Statistics in Business • Statistical Analysis: helps extract information from data and provides an indication of the quality of that information • Data mining: combines statistical methods with computer science & optimization in order to help businesses make the best use of the information contained in large data sets • Probability: helps you understand risky and random events and provides a way of evaluating the likelihood of various potential
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Reading time before commencing work: 5 minutes Working time for paper: 50 minutes Material required/recommended for this section To be provided by the supervisor This Question/Answer booklet Formula sheet To be provided by the candidate Standard items: pens, pencils, pencil sharpener, eraser, correction fluid, ruler, highlighters Special items: nil Important note to candidates No other items may be used in this section of the examination. It is your responsibility to ensure that
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