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ECOM1000 Analytics for Decision Making

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Question:

1. Recognise and apply the properties of a probability distribution.

2. Calculate the expected value and variance of a probability distribution. Apply this concept to a financial context.
 
3. Identify situations that can be modelled by discrete distributions (Binomial, Poisson and Hypergeometric)
and calculate probabilities associated with Binomial and Poisson distributions.
 
4. Identify situations that can be modelled by continuous distributions (Normal, Uniform and Exponential) and calculate probabilities from the Normal distribution. Determine whether a set of data is normally distributed. Be informed of the relationship between the Normal and Binomial distribution.

ECOM1000 Analytics for Decision Making

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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

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More ECOM1000 ECOM1000 Analytics for Decision Making: Questions & Answers

Q

Read the article and answer the questions in the spaces below. Use full sentences and complete the diagrams but do not use more space than is given here. Marks are shown and total [15].  (1) “As soon as demand begins to overwhelm supply, then it’s “game on”. Complete the ...

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Q

The new Defence White Paper paves the way for perhaps the biggest upsurge in military spending since World War II.If fully implemented, the amount Australia spends on defense will go from $32 billion per year to almost $60 billion p.a.by 2025. Underscoring the urgency of this rapid increase, the gov ...

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Topic Paper Assignment: The Boeing Aircraft Company has dominated the commercial aircraft market for decades, but its position of influence has lessened in recent years. Its chief competitor, Airbus, has made significant market gains, and may be posed to become the number one producer of commercial ...

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Students are to apply the statistical concepts and techniques introduced in Weeks 2-7 to practical business decision-making problems.Assignments can be either typed or neat handwritten and submitted via Learnline. Students must submit one file only. Please save all pages into one file and upload the ...

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