Quantitative Methods for Business chapter 11 pps

... geological problems. If management win the miners’ 370 Quantitative methods for business Chapter 11 352 Quantitative methods for business Chapter 11 11.2.4 The equal likelihood decision rule In decision-making ... what he should do. 372 Quantitative methods for business Chapter 11 At this point you may find it useful to try Review Questions 11. 5 to 11. 9...

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... decimal places.) Chapter 1 Setting off 31 Quantitative Methods for Business Contents Preface xi Acknowledgements xiii Chapter 1 Setting off 1 1.1 Quantitative methods, numbers and business 1 1.2 ... bill for the operatives. ∑ , x i iϭ 2 and explain what your answer means 4 ∑ , Chapter 1 Setting off 29 Preface Quantitative Methods for Business provides an understa...

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... cereals were recorded and collated into the following 218 Quantitative methods for business Chapter 6 202 Quantitative methods for business Chapter 6 Example 6.23 Six newsagents sell the following ... 4 ϩ 4 ϩ 5 ϩ 7 ϩ 8 ϩ 10 ϩ 11 ϩ 15)/9 ϭ 7 .111 Slugar: Mean ϭ (0 ϩ 0 ϩ 4 ϩ 4 ϩ 7 ϩ 10 ϩ 10 ϩ 14 ϩ 15)/9 ϭ 7 .111 s 1 (64) 1 1 20 .111 4.485 2 ϭϪϭϪ ϭ ϭϭ 8 616 98 616 455...

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... will 76 Quantitative methods for business Chapter 2 66 Quantitative methods for business Chapter 2 The approach to solving a minimization problem is essentially the same as that we use for a maximization ... does it even touch the feasible region, so it is not possible for the 48 Quantitative methods for business Chapter 2 In Figure 2 .11 the steeper line t...

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... x, forming the coefficient, and the power reduced from 2 to 1: x 2 becomes 2x 2Ϫ1 or simply 2x This means that for the equation: y ϭ x 2 88 Quantitative methods for business Chapter 3 82 Quantitative ... the resulting equation. 90 Quantitative methods for business Chapter 3 Example 3.6 The production cost equation for the car plant in Example 3.4 was: y ϭ x 2 Ϫ 6x ϩ...

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... continuous 114 Quantitative methods for business Chapter 4 132 Quantitative methods for business Chapter 4 25 13 0 13 20 18 13 16 15 0 15 14 15 9 7 14 17 13 3 15 7 23 10 15 Present these data in the form ... each category. 118 Quantitative methods for business Chapter 4 At this point you may find it useful to try Review Questions 4.6 to 4.8 at the end of the c...

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... cumulative frequency for each class. (c) Plot a cumulative frequency graph of the distribution. 172 Quantitative methods for business Chapter 5 162 Quantitative methods for business Chapter 5 Produce ... shown in Figure 5 .11 is a skewed distribution. 150 Quantitative methods for business Chapter 5 Example 5.12 Plot a cumulative frequency graph for the data...

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... correlation respectively. 230 Quantitative methods for business Chapter 7 Figure 7.2 Perfect positive correlation 6543210 20 10 0 X Y 242 Quantitative methods for business Chapter 7 a ϭ (∑y Ϫ b∑x)/n ... linear. 232 Quantitative methods for business Chapter 7 Figure 7.5 Good negative correlation 6543210 20 10 0 X Y Figure 7.6 Zero correlation 6543210 20 10 0 X Y 2...

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... to compensate for the time that passes before they arrive. The first of these techniques that we shall consider is the net present value. 266 Quantitative methods for business Chapter 8 Example ... choose. 284 Quantitative methods for business Chapter 8 (c) Compare the answers you get for (a) and (b). Which method would be more appropriate in this case, and why? 8.5 A...

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... 360, as the forecast for week 2, the error for week 2 is: Error (week 2) ϭ Actual (week 2) Ϫ Forecast (week 2) ϭ 410 Ϫ 360 ϭ 50 The forecast for week 3 will be: Forecast (week 3) ϭ Forecast (week ... deviation (MSD) for the model. 312 Quantitative methods for business Chapter 9 use the equation to project the trend. The regression equation in this context is called the trend...

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