- Study guides, Class notes & Summaries

Explain the measures of central tendency. Calculate the mean, median, and mode of a data set. Calculate the range, quartiles, and interquartile range of a data set. Construct a 5-number summary of a data set.

Overview of additive manufacturing What additive manufacturing is, its important features, the problem(s) it solves, and how it works Potential business applications for additive manufacturing Risks, challenges, and potential unintended consequences associated with additive manufacturing

Overview of drones What the drones are, its important features, the problem(s) it solves, and how it works Potential business applications for drones Risks, challenges, and potential unintended consequences associated with drones

How much do you really get from work? - Measuring wage Nominal wage Consumer Price Index (CPI) Real wage

Overview of cybersecurity What cybersecurity is, its important features, the problem(s) it solves, and how it works Potential business applications for cybersecurity Risks, challenges, and potential unintended consequences associated with cybersecurity

How to measure the price level? What factors affect the price level in an economy? What are the effects of inflation on the economy? The relationship between inflation and unemployment Why has the US economy been experiencing a high inflation rate? Who determines prices? Or who is in the position to raise the prices? Why do employers (CEOs or shareholders) raise the prices? How can employees contribute to a higher price? What are the impacts of inflation on income distribution?

Classical Model Bargaining Model Efficiency Wage Model

The essence and evolution of capitalism Adam Smith and Classical Capitalism

Identify the objective, decision cells, and constraints in an optimization problem. Set up an optimization problem in Excel. Set up Solver to solve an optimization problem in Excel.

The Relationship Between Unemployment and Inflation