Final Assignment Take-Home Exam – Example Solutions QUANTITATIVE ANALYSIS AND BUSINESS DECISION MAKING Question 1 – 5 Points Leila took a standardized test and was told that her score was in the 89th percentile. Explain clearly and in only one sentence what this means. Notes: Percentiles are a way of describing the position of a particular score within a set of scores As per the question‚ I was looking for one simple sentence to explain the meaning of the statement Ideal Answer: If Leila’s
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Linear Programming D.V. – Decision Variables O.F. – Objective Funtion S.T. or CONST - Constraints Constrained Mathematical Model – a model with an objective and one or more constraints EXAMPLE: 50D + 30C + 6M is the total profit for a production run($50 profit for Desk‚ $30 profit for Chair and $6 per pound for steel) Functional Constraints - ≤ ≥ or = --Restrictions that involve expressions with 1 or more variables EXAMPLE: 7d+3c+1.5M <= 2000 (constraint on raw steel) Variable Constraints
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final project entails systematic extraction of decision-aiding insights out of a dataset. The project will provide hands-on experience in conducting and interpreting different types of function-wise statistical analysis. The focus of the analysis will be on marketing strategies and analysis-related topics (South University Online‚ 2012). The sample set was examined thoroughly to reveal findings relevant to the marketing strategies and the interpretation of the data. The median income is between
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Assess the argument that modern childhood is a ‘March of Progress’ (24 marks) The march of progress‚ traditionally depicting a compressed presentation of 25 million years of human evolution‚ can be applied to sociologists view on childhood- is it ‘evolving’ for the better? The ‘March of progress’ view argues that‚ over the past few centuries‚ childhood in western societies has been improving steadily‚ and is even better than ever today. We can then go onto say that the ‘march of progress’ evidently
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LP model for determining the number of ads of each type that should be placed. 2. Graph the constraints and identify the feasible region (clearly indicate the feasible region) 3. Solve the LP problem using e corner point method and comment on your findings. CASE PROBLEM 1 1) Radio Newspaper Min/Max Cost 400 600 7200 Max Min 1 1 15 Min Max 1 1 19 Max At least 2R 1 1 Min At least 2N 1 2 Min N ≤ 1.25R Objective: 20 (2000) 5 (6000) R = # Radio
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impossible. Reason is‚ arguably‚ that which separates man from beast‚ that consciousness and ability to analyze and comprehend. It has been through reason that societies and governments have been created: our own through the reasoning of our founders utilizing the reasoning of John Locke and other liberal thinkers of the "Enlightened" period. In terms of our American Government we have three essential branches the Executive‚ Legislative; and the Judicial. The Executive branch of the U.S. Government
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persons using Western University facilities. They have the competitive advantage of being within walking distance for their target market. The problem facing the two partners is whether or not this business will provide enough return to be worth the quantitative investments they would need to make. Dunes location is a major strength. They are located at the heart of the University of Western Ontario‚ a convenient location for low mobility students‚ much of whom are included in their target market. Richard
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exact phrase written by Socrates on reasoning and human behavior. This is because‚ Socrates‚ although well-known during his own time for his conversational skills and public teaching‚ he wrote nothing. Everything told about Socrates’ thoughts and beliefs‚ are told through his students‚ mainly Plato‚ who had a tendency to insert his own meanings or opinions into statements. However‚ it is believed that Socrates insisted on questioning things and ensuring that reasoning is always applied. He often used
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| Syllabus School of Business QNT/351 Version 3 Quantitative Analysis for Business | | Copyright © 2013‚ 2012‚ 2011 by University of Phoenix. All rights reserved. Course Description This course integrates applied business research and descriptive statistics. Students will learn to apply business research and descriptive statistics in making better business decisions. Other topics include examination of the role of statistics in research‚ statistical terminology‚ the appropriate use
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Chapter 1 Introduction to Quantitative Analysis Teaching Suggestions Teaching Suggestion 1.1: Importance of Qualitative Factors. Section 1.2 gives students an overview of quantitative analysis. In this section‚ a number of qualitative factors‚ including federal legislation and new technology‚ are discussed. Students can be asked to discuss other qualitative factors that could have an impact on quantitative analysis. Waiting lines and project planning can be used as examples.
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