Ugba 104 exam 1 - Study guides, Class notes & Summaries

UGBA 104 – EXAM 1 QUESTIONS & ANSWERS 100% CORRECT!!

UGBA 104 - Exam 1 Questions with correct Answers Optimization - ️️ maximizing or minimizing an objective function involving at least one variable Linear programming - ️️ maximizing or minimizing an objective when the objective function AND all constraints involve linear functions of the variables 5 Steps in Formulating a Linear Program - ️️ (1) understand decision problem (2) define decision variables (3) express objective as a linear function of decision variables (4) expres...

UGBA 104 M1 Exam 2023 Questions and Answers calculate outliers IQR method - ️️ IQR below; Q1 - 1.5 * IQR IQR above; Q3 + 1.5 * IQR how to calculate percentiles - ️️ percentile (L) = (n+1) * P/100 calculate z score outlier - ️️ (value-mean)/SD rule of thumb for z score outlier - ️️ above or below 3 SDs away which outlier method is more lenient - ️️ z score, it goes further from mean than the IQR method ie the IQR gives a z score less than 3 cross tabulation - ️️ a...