PACKAGE DEAL UBGA 104 Midterm 1 Study Guide Correct Questions & Answers PACKAGE DEAL UBGA 104 Midterm 1 Study Guide Correct Questions & Answers PACKAGE DEAL UBGA 104 Midterm 1 Study Guide Correct Questions & Answers PACKAGE DEAL UBGA 104 Midterm 1 Study Guide Correct Questions & Answers
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sumproduct - ANSWER (range,range) sum of the products of matched up values in ranges 5 steps in formulating a linear program - ANSWER 1. Understand the decision problem. 2. Define the decision variables. 3. Express the objective as a linear function of the decision variables. 4. Express each cons...
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Add to cartsumproduct - ANSWER (range,range) sum of the products of matched up values in ranges 5 steps in formulating a linear program - ANSWER 1. Understand the decision problem. 2. Define the decision variables. 3. Express the objective as a linear function of the decision variables. 4. Express each cons...
decision analysis - ANSWER Definition: A technique used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events. Internet of Things (IoT) - ANSWER Definition: The technology that allows data collected from sensors in...
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Add to cartdecision analysis - ANSWER Definition: A technique used to develop an optimal strategy when a decision maker is faced with several decision alternatives and an uncertain set of future events. Internet of Things (IoT) - ANSWER Definition: The technology that allows data collected from sensors in...
Optimization - ANSWER maximizing or minimizing an objective function involving at least one variable Linear programming - ANSWER maximizing or minimizing an objective when the objective function AND all constraints involve linear functions of the variables 5 Steps in Formulating a Linear Progr...
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Add to cartOptimization - ANSWER maximizing or minimizing an objective function involving at least one variable Linear programming - ANSWER maximizing or minimizing an objective when the objective function AND all constraints involve linear functions of the variables 5 Steps in Formulating a Linear Progr...
calculate outliers IQR method - ANSWER IQR below; Q1 - 1.5 * IQR IQR above; Q3 + 1.5 * IQR how to calculate percentiles - ANSWER percentile (L) = (n+1) * P/100 calculate z score outlier - ANSWER (value-mean)/SD rule of thumb for z score outlier - ANSWER above or below 3 SDs away which o...
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Add to cartcalculate outliers IQR method - ANSWER IQR below; Q1 - 1.5 * IQR IQR above; Q3 + 1.5 * IQR how to calculate percentiles - ANSWER percentile (L) = (n+1) * P/100 calculate z score outlier - ANSWER (value-mean)/SD rule of thumb for z score outlier - ANSWER above or below 3 SDs away which o...
Example of a Quantitative Variable - ANSWER Age, Income Example of a Categorical Variable - ANSWER Religion, Zip Code, Rent vs Own Example of a Binary Categorical Variable - ANSWER Rent vs Own, Paid vs Not What is the difference between Sorting and Filtering? - ANSWER Sort puts things in di...
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Add to cartExample of a Quantitative Variable - ANSWER Age, Income Example of a Categorical Variable - ANSWER Religion, Zip Code, Rent vs Own Example of a Binary Categorical Variable - ANSWER Rent vs Own, Paid vs Not What is the difference between Sorting and Filtering? - ANSWER Sort puts things in di...
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