Mid term case - 9450 Words

Lin21477_ch01_001-020.qxd 8/26/11 2:10 PM Page 1 What Is Statistics? 1 Learning Objectives Goals When you have completed this chapter, you will be able to: LO 1-1 List ways that 1 Organize data into a frequency distribution. statistics is used. FPO LO 1-2 Know the differences 2 Portray a frequency distribution in a histogram, frequency between descriptive and polygon, and cumulative freinferential statistics. quency polygon. LO 1-3 Understand the differ3 Present data a sample and a ences between using such graphical techniques as line population. charts, bar charts, and pie LO 1-4 charts. Explain the difference between qualitative and quantitative variables. LO 1-5 Compare discrete and continuous†¦show more content†¦Why is this so? What are the differences in the statistics courses taught in the Engineering College, the Psychology or Sociology Departments in the Liberal Arts College, and the College of Business? The biggest difference is the examples used. The course content is basically the same. In the College of Business we are interested in such things as profits, hours worked, and wages. Psychologists are interested in test scores, and engineers are interested in how many units are manufactured on a particular machine. However, all three are interested in what is a typical value and how much variation there is in the data. There may also be a difference in the level of mathematics required. An engineering statistics course usually requires calculus. Statistics courses in colleges of business and education usually teach the course at a more applied level. You should be able to handle the mathematics in this text if you have completed high school algebra. So why is statistics required in so many majors? The first reason is that numerical information is everywhere. Look in the newspapers (USA Today), news magazines ( Time, Newsweek, U.S. News and World Report), business magazines (Bloomberg Businessweek, Forbes), general interest magazines (People), women’s LO 1-1 List ways that Lin21477_ch01_001-020.qxd 8/26/11 2:10 PM Page 3 3 What Is Statistics? magazines (Ladies Home Journal or Elle), or sportsShow MoreRelatedEssay Mid Term Case1400 Words   |  6 PagesEastern Waves Inc. Case OM 527 Edward Elric Background Eastern Waves Inc. is a steel manufacturing company located in Kuantan, Malaysia. In 2009, Eastern Waves’ cash on hand was 188 ringgits (RM). In the previous year, they had an even lower cash balance of RM188. Without cash, Eastern Waves are unable to purchase raw materials from local raw material suppliers. Eastern currently has a joint venture relationship with Jinan amp; Iron Steel Corp., which enables Eastern to buy scrap steelRead MoreEssay on Mid Term Case Study1244 Words   |  5 PagesMid term case study Problems Lael Matthews is facing an ethical dilemma issue. She need to decide which of three managers to promote. Each manager has their advantage and disadvantage own, and Lael’s superior has his or her own preference and concern as well. Lael have to make a decision that is moral, and hopefully can satisfy all the parties involved. According to the article, â€Å"Thinking Ethically: A Framework for Moral Decision Making†, developed by Manuel Velasquez, Claire Andre, Thomas ShanksRead MoreThe Principle Of The Distributive View Of Equality1643 Words   |  7 Pagesoccur (293). For example, a student who does not study for the mid-term, and at the result, he fails in the mid-term. So, in this case, the failure of his exam is resulted from the bad option luck. 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As a higher inflation rate or overnight rate would raise the nominal interest rate as well as the yield of bonds and thus lower the price of bonds. The bond is bought back at t160 at $98.5, which is around the one-year low of the bond.Read MoreEvaluation Of Performance Management Strategy1256 Words   |  6 Pagesbusiness strategy of the company. With the evaluation approach complete, the methods to communicate with employees throughout the performance year are established next. In the case of Motors and More, a mid-term counseling will be completed 6 months prior to the final evaluation. During a mid-term counseling, the employee will be provided with a fair, accurate and realistic assessment on where they are in relation to the goals and objectives that were established for them. All goalsRead More Comparison of Mid-Term Break, The Field Mouse, and On My First Sonne819 Words   |  4 PagesComparison of Mid-Term Break, The Field Mouse, and On My First Sonne The above poems are written by 3 different people and on reading them they seem to be about very different things. But at heart, they are about death and the pain that appears afterwards. Seamus Heaneys Mid-Term Break is a memory of his four-year-old brothers death. Gillian Clarkes The Field Mouse is about death in a political conflict compared to a death in nature. Finally On My First Sonne by Ben Johnson is about theRead MoreMid-Term Examination1003 Words   |  5 PagesIn my social psychology class, there was a recent examination given to the class. It was the mid-term examination. For the mid-term examination, the class was instructed to read chapters 1-6 in the text book. The class was also instructed to study for the exam by reviewing the lecture notes. 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