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You run a nail salon. Fixed monthly cost is $5,403.00 for rent and utilities, $5,679.00 is spent in salaries and $1,112.00 in insurance. Also every customer requires approximately $5.00 in supplies. You charge $61.00 on...
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Using the below table, Fill in the regret table Success Moderate Success Failure Sell Company 150 150 150 Form Joint Venture 500 598.00 82.00 Sell Software on own 610.00 400 -500 Regret Table Success Moderate Success Fai...
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Using the below table, Fill in the regret table Success Moderate Success Failure Sell Company 150 150 150 Form Joint Venture 500 545.00 88.00 Sell Software on own 789.00 400 -500 Regret Table Success Moderate Success Fai...
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Using the Laplace method, which decision alternative will you chose? a) Sell company b) Form joint venture c) Sell software on own Success Moderate Success Failure Sell Company 150 150 130 Form Joint Venture 320 292.00 -...
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A local club plans to invest $10000 to host a baseball game. They expect to sell tickets worth $27675. But if it rains on the day of game, they won't sell any tickets and the club will lose all the money invested. If the...
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When using the Histogram function in Data Analysis in Excel. The frequency reflects the count of values that are greater than the previous bin and _____ the bin number to the left of the frequency.
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In a true histogram, the ____ touch each other.
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When creating bins for a chart, all bins need to be the _______ width.
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In bar chart tend to summarize _________ type data.
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In Bayes Theorem, | stands for _______.
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In Bayes Theorem, you have some starting information, then you collect some new information so that you can _______ the original probabilities so you now have better information.
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Based on the following information collected from emails. What is the probability that if the word "llwws" is in a document, it is spam ? Spam Not spam Word "aabbdd" 0.8 Word "llwws" 0.46 Answer format: Number: Round to:...
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The prob(A|B)) is the same as? a. prob(B|A) b. prob(A U B) c. prob(A*B) d. none of the abov
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When using Bayes theorem, why do you gather more information ? a. to help you make a better decision b. because you are missing a value c. you can't make a choice unless you do.
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What is Bayes’ theorem? a) It is the probability of an event based on condition that might be related to an event b) It is the sum of an event based on condition that might be related to an event c) It is the probability...
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What does A|B mean? a. A can’t happen without B b. A happening given B has happened c. B happening given A has happened d. A and B both happening
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What does the P stand for in Bayes Theorem? a. Probability b. Profit c. Possible
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What is the symbol that is used to represent when two separate conditions are both true? a. U b. | c. upside down U d. / e. ()
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What does the | (in prob(A|B)) stand for? a. Stop b. Start over c. Ignore d. Given
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Based on the following new information. Given it is raining, what is the probability of Sunshine delight winning ? Storm Chaser Sunshine delight Given Raining 0.73 Given not raining 0.46
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When looking at the monthly quantities for extra donuts and unsatisfied customers, one of these values must always equal?
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Regret Table Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 90 50 0 Form Joint Venture 210 0 54 Sell Software on own 0 106 100 Using the EOL method, which decision alternative will you chose?
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Regret Table Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 113 50 0 Form Joint Venture 210 0 41 Sell Software on own 0 170 100 Calculate the EOL decision for: Form Joint Venture
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Regret Table Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 80 50 0 Form Joint Venture 210 0 13 Sell Software on own 0 159 100 Calculate the EOL decision for: Sell software on own
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Regret Table Success Moderate Success Failure Probability 0.3 0.3 0.4 Sell Company 76 50 0 Form Joint Venture 210 0 31 Sell Software on own 0 195 100 Calculate the EOL decision for Sell company
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