S2 EDEXCEL REVISION NOTES Binomial Distribution Binomial probability distribution is defined as: * P(X=r) = nCr x pn x (1-p)n-r * Distribution is written as: X~B(n‚p) Conditions include: * Fixed number of trials * All trials are independent of one another * Probability of success remains constant * Each trial much have the same two possible outcomes E(X) = np Var(X) = npq [where q = 1 - p] SD(X) = Var (X) = npq To calculate the probabilities:
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Section 1 – Understand the purpose of information technology in a business environment 1. In relation to your current business environment (or one that you are familiar with)‚ identify at least two different types of information technology that may be used when completing work tasks. We use databases to manage our customers and our portfolio. Our External sales people use mobile information technology to keep up to date with emails and to produce quotes when out on the road. 2. What
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Unit 203 Unit title: Principles of managing information and producing documents 1. Understand the purpose of information technology in a business environment 1.1 Identify different types of information technology that may be used for work tasks Types of technology that could be used to do tasks at work are computer software like: Microsoft Word which is software used to create documents Excel is software that can be used for storing and organising data. Publisher is software which is used
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Chapter 4 Managing Marketing Information Marketing Information and customer insights Customer Insights- Fresh understanding of customers and the marketplace derived from marketing information that become the basis for creating customer value and relationship Customer themselves usually can’t tell you exactly what they need and why they buy. They don’t need more information‚ they need better information. Customer controlled- the idea is not to give customers everything they request‚ Rather it’s
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Unit three: Principles of managing information and producing documents Assessment You should use this file to complete your Assessment. • The first thing you need to do is save a copy of this document‚ either onto your computer or a disk • Then work through your Assessment‚ remembering to save your work regularly • When you’ve finished‚ print out a copy to keep for reference • Then‚ go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make
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Biology 3 Spec: |BIOLOGY UNIT B3 Topic 1 Control systems | |1.1 Be able to demonstrate an understanding that cell metabolism leads to the build-up of waste products in the | |blood‚ including carbon dioxide and urea | |1.2 Know that urea is produced from the breakdown of excess amino acids in the liver and is removed by the | |kidneys
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manage and retain knowledge workers? As Peter Drucker recently quoted‚ the new knowledge economy will rely heavily on knowledge workers who are not‚ as a rule‚ much better paid than traditional skilled workers but also see themselves as professionals. Knowledge technologists are likely to become the dominant social and perhaps‚ political force over the next decades. Thus‚ it is very important to have the right strategies in place to select‚ develop‚ manage and retain knowledge workers. But before
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From Data‚ Information and Knowledge to Wisdom The data-information-knowledge-wisdom (DIKW) continuum is a concept of the transformation of data into wisdom through cognitive processes. DIKW was initially used to illustrate principles of information management for the designing of information systems (Davenport & Pursak‚ 1989)(Saltworks‚ 2009). DIKW models utilized by nursing such as the model by Englebart & Nelson (2002)‚ incorporate principles of increasing complexity due to increasing
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The Data/Information/Knowledge/Wisdom Continuum The Data/Information/Knowledge/Wisdom Continuum Data‚ information‚ and knowledge are words used to assign meaning to our complex nursing work. In the field of information technology‚ these words are used to give meaning and direct the flow of organizational knowledge (Thompson & Warren‚ 2009). The concept of the data-information-knowledge-wisdom (DIKW) continuum is the transformation of data into wisdom through cognitive processes‚ which are
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Cheryl Codrington Report To: the Managing Director of Oxford Business College Aims: My aim of this report is to demonstrate an understanding of how important it is to assess the best approach to managing communications information and knowledge needs; using an examination of a range of decision-making examples used within the Oxford Business College. There is a need for the approach to be logical and systematic because it helps to address the critical elements that result in good
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