555 words - 3 pages
cumulative distribution can be written as
| | | (10) |
| | | (11) |
where is the half width at half maximum and is the statistical median. In the illustration about, .
The Cauchy distribution is implemented in the Wolfram Language as CauchyDistribution[m, Gamma/2].
The characteristic function is
| | | (12) |
| | | (13) |
The moments of the distribution are undefined since the integrals
| (14) |
diverge for .
If and are variates with a normal distribution, then has a Cauchy distribution with statistical median and full width
| (15) |
The sum of variates each from a Cauchy distribution has itself a Cauchy distribution, as can be seen from
| | | (16
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probability plot of the residuals:
This is a classic example of what a normal probability plot looks like when the residuals are normally distributed, but there is just one outlier. The relationship is approximately linear with the exception of the one data point. We could proceed with the assumption that the error terms are normally distributed upon removing the outlier from the data set.
Skewed (positive) residuals
The following histogram of residuals suggests that the residuals (and hence the error terms) are not normally distributed. On the contrary, the distribution of the residuals is quite skewed (to the right).
Here's the corresponding normal probability plot of the residuals
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variance for this sample. Show your work!! d. Compute the standard deviation for this sample. Show your work!!
Problem 5: (Weight 40 points). SPECIFIC KNOWLEDGE SHORT-ANSWER QUESTIONS 1. In hypothesis testing, what is a Type I error? Type II error?
2. List the characteristics of a normal distribution.
3. What is the difference between the Empirical Rule and Chebyshev’s rule?
4. In a standard normal distribution, what is the value of the mean and standard deviation?
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ratios b_1 and G_1 are both biased estimators of the population skewness \gamma_1; their expected values can even have the opposite sign from the true skewness. (For instance a mixed distribution consisting of very thin Gaussians centred at −99, 0.5, and 2 with weights 0.01, 0.66, and 0.33 has a skewness of about −9.77, but in a sample of 3, G_1 has an expected value of about 0.32, since usually all three samples are in the positive-valued part of the distribution, which is skewed the other way.) Nevertheless, b_1 and G_1 each have obviously the correct expected value of zero for any symmetric distribution with a finite third moment, including a normal distribution.
The variance of the
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their use of ATMs.
Develop a conceptual model for this problem outlining the objectives, inputs and outputs, model scope and level of detail (including a logic flow diagram), assumptions and simplifications.
In a candy shop, customers arrive at the shop according to an exponential distribution with mean time of 2 minutes. Cutomer service themselves by choosing the candy and filling their candy bag. The time of this self service follows a normal distribution with a mean of 3 minutes and a standard deviation of 2 minutes. Customers pay at one of two counters. If both counters are occupied, customers wait in one queue. The time to pay follows a normal distribution with a mean of 1 minute and a standard deviation of 0.4 minutes. Model this situation and run the simulation model for one hour, as well as predict the number of customers served. A hardcopy screenshot of your model should be provided in your report.
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Topic: Is transport, distribution and logistics in mainland China efficient?
The distribution, transportation and logistics area of China is considered to be extremely intricate and complex as well as being very competitive. Companies far and wide continue to fight for a share within China as their market rapidly grows from time to time. Their economic growth has seen to have increased in the past years positioning them second to the United States. China’s current physical infrastructure has also been developing quickly over time although executives have realised that operational and regulatory processes have often hindered efficiency. This determines the fact that the
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normal distribution. The PDF for the normal distribution is
(x−µ)2 1 e− 2σ2 f (x) = √ 2πσ
The trick to this problem is that we are going to use Φ to represent the CDF of the normal distribution so no integration is necessary. That is, P (Z ≤ z) = Φ(z) The value at which we compute Φ is called a z-score and, z= x−µ σ
The value Φ(z) can be found by using a standard normal distribution z-table, using a calculator with the Normal CDF or by integration. Also, remember that for continuous distributions, P (Z ≤ z) = P (Z < z) because P (Z = z) = 0. I may use these interchangeably. (a) P (X > 5) Recall that P (X > 5) = 1 − P (X ≤ 5) and P (Z ≤ z) = Φ(z). Then,
P (X > 5) = 1 − P (X ≤ 5) 5 − 10
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on that basis. Just describing what happened in the past by
switching to the concept of σ-convergence may be more appropriate. The
evolution of the standard deviation, or of the coefficient of variation, is a
reliable, unbiased indicator of convergence during the period of interest
(Friedman 1992), provided the income distribution under consideration is
normal, which can be tested for.
The power of the Markov chain approach, by contrast, has not yet been
debated seriously. 2 The underlying statistical assumptions, namely the Markov
property and time-invariance have just been taken for granted in empirical
investigations so far. This is all the more surprising as the assumptions are
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forecaster’s prediction to describe a normal probability distribution that can be used to approximate the demand distribution. Sketch the distribution and show its mean and standard deviation.
2. Compute the probability of a stock out for the order quantities suggested by members of the management team.
3. One of the specialty’s managers felt that the profit potential was so great that the order quantity should have a 70% chance of meeting demand and only 30% chance of any stock outs. What quantity would be ordered under this policy ?
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distribution is equal toAnswer | | | |
| Selected Answer: | 0 |
Correct Answer: | 0 |
| | | |
2 out of 2 points
| The area under the normal curve represents probability, and the total area under the curve sums toAnswer | | | |
| Selected Answer: | 1 |
Correct Answer: | 1 |
| | | |
2 out of 2 points
| In a binomial distribution, for each of n trials, the eventAnswer | | | |
| Selected Answer: | always has the same probability of occurring |
Correct Answer: | always has the same probability of occurring |
| | | |
2 out of 2 points
| A production process
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number of “Yes” responses in the sample by the total number of customers that participated in the survey (115). For the first question, then, p = 63/115 = 0.5478. This means that roughly 55% of surveyed customers agree that deliveries were on time. Whether we can use this inference as a reasonable approximation for the true population value, however, depends on the distribution of p. To do this, we look to see whether the sample size is sufficiently large enough such that np ≥ 5 and n(1-p) ≥ 5. Still considering the first question, both 115(.55) = 63.25 ≥ 5 and 115(.45) = 51.75 ≥ 5, so we can safely conclude that the sampling distribution may be approximated by a normal distribution
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1. Why was Dakota's pricing system inadequate for its current operating environment?
Currently, DOP's pricing system is pricing products by adding markup twice, which is marking up the purchased product cost by around 15% to cover the cost of warehousing, distribution, and freight. Then add another markup to cover the approximate cost, for general and selling expenses, plus an allowance for profit.
We found that the existing pricing system is inadequate regarding to following points:
The current pricing system use cost-plus method, it determines the mark-ups at the start of each year, based on actual expenses in prior years, the general industry condition and competitive trends
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to 4 decimal places.)
d. What is the probability a family spends more than $3,000 per year? (Round your answer to 4 decimal places.)
Click here and download QNT 561 Week 3 Weekly Learning Assessments
Chapter 7 Exercise 10
The mean of a normal probability distribution is 60; the standard deviation is 5. (Round your answers to 2 decimal places.)
a. About what percent of the observations lie between 55 and 65?
b. About what percent of the observations lie between 50 and 70?
c. About what percent of the observations lie between 45 and 75?
Chapter 7 Exercise 14
A normal population has a mean of 12.2 and a standard deviation of 2.5.
a. Compute the z value associated with 14.3
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. If a firm earns a 20 percent return on equity and the firm calculates that its cost of capital is only 12 percent, then we would conclude that the firm has a competitive advantage. Both of these methods of assessing the competitive advantage of a firm point back to our definition of a competitive advantage: the ability to create more economic value than competitors.
Normal Economic Return
When a firm just earns its cost of capital it is said to be earning a normal economic return. Such a firm is meeting the expectations of the market with regard to the level of risk an investment in such firm entails. Another way of looking at this idea is that if a firm is earning a normal return
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customer service and responsiveness. Warehouse personnel at MOP’s distribution center unloaded truckload shipments of products from manufacturers, and moved the cartons into designated storage locations until customers requested the items. Each day, after customer orders had been received, MOP personnel drove forklift trucks around the warehouse to accumulate the cartons of items and prepare them for shipment. MOP ordered supplies from many different manufacturers. It priced products to its end-use customers by first marking up the purchased product cost by 16% to cover the cost of warehousing, order processing, and freight. Then it added another 6% markup to cover the general, selling, and
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As the CV is lesser compared to the other years, we can assure that sales is more consistent and better in the year 2013.
Also the standard deviation value is less for year 2013 compared to the previous years.
Approximation to Normal Distribution
From the below data it can be assumed that the sample data can be approximated to a normal distribution:
Empirical Analysis | |
mean - 1s | 12,09,934.824318 |
mean + 1s | 14,53,757.103282 |
percent in interval (68.26%) | 73.3% |
mean - 2s | 10,88,023.684836 |
mean + 2s | 15,75,668.242764 |
percent in interval (95.44%) | 100.0% |
mean - 3s | 9,66,112.545354 |
mean + 3s | 16,97,579.382246
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Chapter Review questions 5 and 6 & Chapter Exercises 8.46 and 8.62
5. State the main points of the Central Limit Theorem for a mean.
The most important result from sample mean is the Central Limit Theorem. The Central Limit Theorem states that a large sample size n, the sampling distribution of the mean approaches a normal distribution.
6. Why is population shape of concern when estimating a mean? What does sample size have to do with it?
Population shape is in concern when estimating a mean because if the shape relates to the frequency of values that can be achieved by complete sampling. Smaller samples can greatly differ from the population and give a false
385 words - 2 pages
Biology is a life science which studies living organisms and how they interact with each other and their environment. It examines the structure, function, growth, origin, evolution, and distribution of living organisms because life is organized in a hierarchical manner from atoms to molecules and then to organelles, cells, tissues, organs, organ systems, organisms, populations, communities, ecosystems, and biosphere.
I find the four major unifying principles formed as the foundation of biology, namely the cell structures, the evolution of living organisms, genetics, meiosis, and homeostasis to be most intriguing. The biological disciplines taught me the significance of
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live and reside but the surrounding areas. You have to take in account that in the rural areas gas prices may be higher because of the distance the truck has to travel to dispense the gas. Without looking at any graphs, reading any research data, and without looking at any previous data, we know this is a major problem with a mean that is higher than normal.
The data set used in the frequency distribution and histogram was the ten most populated states in America. The gas price in each state was used to calculate the frequency and percentage of that states demand for gas. From the data collected and analyzed in the histogram and the frequency chart, it shows that the reason for gas
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- T.white -
DIRECTIONS: You must do all work on the blank sheets provided. UNLTKE FOR THE 3 TESTS, YOU SHOULD ATTEMPT ALL 10 QUESTIONS. Note that each question is equally weighted (25 points each), so that the total points possible on this exam is 250. you
may use a calculator and the normal distribution tables. The questions are ordered based on when the material first appears in your textbook. Good luck!
d6nominated interest rate is 5%. The price of a 2-year U.S.-@Ddenominated T=2 pyloqtion on Canpdial dollars, with a strike price of S1, is S.tO. Find the price of (,ooo )-v"^, u.s.@Jlddenominated
5172 words - 21 pages
release testing approach and policies that cover test data, test environments, test acceptance and expected results Continued on next page
Guiding Principles continued
Releases will include a backout strategy wherever appropriate.
Example Application of Principle
Development of a backout strategy has been included as part of the release implementation plans for an upcoming server upgrade to ensure the server can be restored back to normal operating state in the event new errors are discovered when the release is implemented.
Rationales are: • Makes sure services are not compromised by new releases • Allows recovery actions to quickly take place
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Greeks, exotic Greeks, respective
formulations and last but not the least effective hedging strategies. At respective point’s paper
using various references pertaining to statistical data distributions like Normal Distribution,
Poisson distribution, Weibull Distribution and none the less Extreme value Theory (EVT)
which in turn linked with swan events data shocks. Additional references are also taken to
establish link between FX volatility w.r.t various markets parameters.
Key words: Black Scholes, Options derivatives, Exotic derivatives, Extreme Value Theory and
Flaws with Black Scholes & Exotic Greeks
Table of Contents
Part 1:Central banks
2071 words - 9 pages
Case Study 1: Specialty Toys |
Group 10 |
Amy GarlitzAlison MalzahnRudy RodelasAngad SinghAbigail Webber |
The data of the sales of the Weather Teddy presented in the Specialty Toys case has a normal probability distribution. The company has a 95% probability of demand for the Weather Teddy being between 10,000 and 30,000 units. Therefore, 95% of the data is within two standard deviations of the mean. The standard deviation is 5,000, or the data deviates from the mean by 5,000 units. The graph below presents this probability distribution for the sales demand of the new product based on the sales forecast.
The managers of Specialty Toys had identified
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NOTE: z = (x-) / for standard normal distribution. In our problem x = 35, = 34 and
= 1.2 and that is how we get P(z ≤ (35 - 34)/1.2) above.
PERT/CPM also gives managers a pretty good idea about the probability of completing the projects so that they can plan ahead to expedite certain activities if necessary. Also, these probability computations help managers to select and accept those projects that have higher chances of completion within a specified time frame.
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Brookshire Grocery Company
Brookshire Grocery Company has always operated under the “people first” commitment. This has helped the company to 150 supermarkets, 3 distribution centers and 13,000 employees. They have basically out grown the system they have. To support the growth the legacy system need to retire and new business process and data software needs to be pursued. They chose SAP ERP Human Capital Management software to improve their HR processes.
The legacy software was not integrated to the company’s payroll so everything had to be rekeyed concerning employee’s time information. Reports were also time consuming, which required IT to compile information from spread sheets
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Measuring culture on a global basis
Power distance: This is the degree to which less powerful people in a culture accept the existence of inequality and the unequal distribution of power as a normal situation.
Uncertainty avoidance: This is the extent to which people in a culture feel threatened by uncertain or unknown situations.
Individualism/ collectivism: this reflects the extent to which people in a culture look after their own interests and those of their immediate family, and where ties are loose.
Masculine/ feminine: Cultures use the biological differences between the sexes to define different social roles for men and women.
Long-term/ short-term orientation
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Managed good airflow, you have to increase the temperature of the cold aisle. Google increases the room temperature 22 to 27 degrees Celsius. This allows significant savings in energy and that employees can go in shorts.
• Utilize free cooling
When possible use the "free-cooling" system.
Ambient temperature outside the data center is used to cool the room without using equipment (chillers) energy intensive.
• Optimize power distribution
To optimize the power distribution, power supplies Google uses high efficiency, minimizes the number of times the power is converted from one to another type of electrical power and maintaining power sources as close to the load. With UPS losses. The normal
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labor. Finally this paper will summarize how industrialization affected the life of the average working American during this period.
The divisions of labor, Specialization, Mechanization were the major aspects of and industrialization. The industrial revolution stimulated the rise of unskilled labor. Reduce cost of labor and increased efficiency if the production process. With their being more jobs since focus only needed to be on particular skill. More people had jobs and were able to provide for their families. Society was a major aspect of industrialization because companies were being built; railways were distribution goods to different states. The economy changed society into an
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5 out of 5 points
A life insurance company wants to estimate their annual payouts. Assume that the probability distribution of the lifetimes of the participants is approximately a normal distribution with a mean of 68 years and a standard deviation of 4 years. What proportion of the plan recipients would receive payments beyond age 75? Round your answer to four places after the decimal.
Selected Answer: 0.0401
Evaluation Method Correct Answer Case Sensitivity
Exact Match 0.0401
Exact Match 0.0400
Exact Match 0.0402
Exact Match .0401
Exact Match .0400
Exact Match .0402
0 out of 5 points
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should be updated, as the improvement of Chinese peoples’ lives, nowadays there is a huge change of customer demands and preference, such as high quality and multifunctional requirement for TV design. Secondly, under strong influence of Japanese culture, current human resource management have some disadvantages, such as lacking of sufficient number of local staffs, complex hierarchical structure in the organization decreasing the efficiency of decision-making and local staff promotion and welfare issues. Thirdly, distribution channel should adapt to local market situation with Chinese characteristics, such as eliminate unnecessary direct selling all over the country, concentrate on
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, measures of association. Permutations and Combinations; Introduction to probability, Structure of probability, Results of probability, Revision of probability: BAYES’ RULE, and examples Random variable and probability distribution: Discrete and Continuous distribution, Expected value and variance of a distribution. Discrete Distributions: Uniform distribution, Hyper-Geometric distribution, Binomial distribution, Poisson distribution and their relationship Continuous Distributions: Uniform distribution, Normal distribution, Exponential distribution; Sampling and sampling Distributions Statistical Inference: Estimation for Single and Two Populations; Hypothesis Testing for Single Populations
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relative lower risk and a relative higher mean. As shown in Table 1, although there is no big difference between the standard deviation of estimated price and realized price, realized price has a much higher expected value than estimated price, which can provide a higher mean per unit of risk (0.998 compared with 0.713). It seems that realized price is better than estimated price because realized price has a relative high expected value at the same level of risk.
However, Mean-variance Criteria can be only used if the data follow normal distribution (Gan 2015). For a standard normal distribution, the skewness is 0 and the kurtosis is 3 (ENGINEERING STATISTICS HANDBOOK). Then we draw the
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Assignment BUS 475
35. In which of the following situations is a budget surplus most likely to occur?
• When fiscal policy is expansionary and the economy is contracting
• When fiscal policy is contractionary and the economy is expanding
• When fiscal policy is expansionary
• When the economy is contracting
36. How many parameters are needed to fully describe any normal distribution?
37. Under the regulations of interstate commerce:
• Activities affecting interstate commerce do not come under the power of the deferral government.
• Intrastate activities affecting interstate commerce can be regulated only by the state governments.
• Regulation on any activity is
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restoration of mission-critical services, products and operations.
A Business Impact Analysis is completed to determine which functions are critical for the organization to stay in business. (Council On Foundations, 2013)
Risk mitigation is the planning and distribution of resources to reduce financial, human and property loss. Once risks are identified and assessed, clear and concise decisions need to be made on which risks to lessen. (Council On Foundations, 2013)
Disasters are unpredictable and most of all unavoidable, there are different types of disasters and extent. It is of up most importance to have a disaster recovery plan in place, to return business to normal
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Case Summary of Cola Wars Continue: Coke vs. Pepsi in the Twenty-First Century
The Soft Drink industry has been assigned as the vehicle for tackling the topic of industry analysis and competitive dynamics. The case covers developments in the soft drink industry through 1993. It describes how the industry evolved into its current structure largely following Coca-Cola’s leadership. What is particularly interesting is determining why the major competitors in the industry have been able to earn above normal returns for close to 100 years, and why the industry is organized the way it is. The case allows us to analyze how the actions and reactions of competitors over time work to create their
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2) The Tooth Paste Industry
• History Of Toothpaste
• The Algerian Consumers
3) SIKA as a brand
4) Product Description
5) Executive summary
6) Situation analysis
7) Product mix
8) Target markets
9) Marketing strategies
The world's oldest-known formula for toothpaste, used more than 1,500 years before Colgate began marketing the first commercial brand in 1873, has been discovered on a piece of dusty papyrus in the basement of a Viennese museum.
In faded black ink made of soot and gum Arabic mixed with water, an ancient Egyptian scribe has carefully described what he calls a "powder for
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model with asset 0 cash B0 = B1 = 1 and assets 1 and
2 given by
(S (1) , S (2) )
Is there arbitrage in this market? If not, ﬁnd all equivalent martingale measures.
Problem 5. * Fix a probability space (Ω, F , P) and let Z be a random variable such that
Z > 0 a.s. and E(Z ) = 1. Deﬁne a set function Q on F by
Q(A) = E(Z 1A ).
Show that Q is a probability measure which is equivalent to P.
Problem 6. Let (Ω, F , P) be a probability space, and let W be a random vector with the
d-dimensional normal Nd (0, I ) distribution, where I is the d × d identity matrix. Fix a
constant vector α ∈ Rd and deﬁne an
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erences in the distribution, quantity, size, and type of melanin found in their skin cells. As you might suspect, people with dark skin tend to have larger and more numerous melanin-containing particles in their skin. is provides protection from the sun’s UV rays. Many genes are known to a ect the production of melanin and cause skin color variation in humans. While skin color is an inherited characteristic, the fact that many genes code for this trait explains why children do not always exactly match their parents’ skin tone. Tanning is the process of producing more melanin in the skin in response to ultraviolet exposure, and does not require a change in the genetic code (if a parent gets a
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Biology of Cancer
Cancer encompasses a broad range of diseases of multiple causes that can arise in any cell of the body capable of evading regulatory controls of proliferation and differentiation.
Two major dysfunctions present in the process of cancer are (1) defective cell proliferation (growth) and (2) defective cell differentiation.
Cancer cells usually proliferate at the same rate of the normal cells of the tissue from which they arise. However, cancer cells divide indiscriminately and haphazardly and sometimes produce more than two cells at the time of mitosis.
Through differentiation, cells become capable of performing only specific functions.
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March, 2012 Product Costing - Best Practices
by Heering Ligthart
On Manufacturing Accounting
Editor's Note: There's so much to think about with product costing: the amount of detail you'll need, maintaining master data, variances… the list can go on. This article by Heering Ligthart discusses some key topics for managing Product Costing efficiently. He'll cover best practices in costing security, using "Last In" calculation, working with multiple branches, and finally recording and finding historical costs.
I have implemented JD Edwards Manufacturing and Distribution modules at several companies and have found that there are always questions surrounding product
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Table 2: Dihybrid Raw Data
Phenotype 9/25/13 10/2/13 Total
Red with wings 11 males 34 females 9 males 4 females 58
Red no wings 12 males 6 females 0 males 1 female 19
Sepia with wings 20 males 6females 0 males 2 females 28
Sepia no wings 3 males 1 females 0 male 0 females 4
Note that eye color is a sex linked trait.
CHI SQUARE ANALYSIS
Figure 1: Chi square distribution table
Table 3: Monohybrid cross Chi Square analysis
Monohybrid Cross Red x Sepia
Phenotype Observed Expected (O-E) (O-E)2/E
Red 64 72 -8 0.889
Sepia 33 24 9 3.375
X2 P value 4.264
0.950 > p < 0.975
Table 4: Dihybrid cross Chi square analysis
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all the operations linked together to provide goods and services.
Supply chain component activities include purchasing, physical distribution management, logistics, materials management and customer relationship management (CRM).
OBJECTIVES OF SUPPLY CHAIN
The objective of supply chain is to meet customers’ requirements by supplying correct products and services, when they are required and at a competitive price. To do this the supply chain must reach acceptable levels of the five operations performance objectives; Quality, speed, dependability, flexibility, and cost.
With more than 100 manufacturing facilities and operating in every continent, Globalcast had a
1013 words - 5 pages
Blood is the fluid that is transported throughout the whole human body. It carries many nutrients from the digestive tract to the cells, oxygen from the lungs to the cells, waste products from the cells to various organs of excretion, and hormones from secreting cells to other parts of the body. It helps in the distribution of heat formed in the active tissues to all parts of the body. Blood also helps to regulate the acid base balance and to protect against infection. Therefore blood is a crucial fluid for our life and health, the average adult’s blood has 8 to 10 pints of blood. Loss of more than 2 pints at any one time leads to a serious condition.
Blood is made up of plasma, which
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disbursement schemes are those in which a distribution of funds is made from some company account in what appears to be a normal manner. Cash receipts schemes is the outright stealing of cash (Wells, 2005, p. 77).
Cash is the only account that is included in several cycles. The audit of cash balances is the last studied because the evidence accumulated for cash depends heavily on the results of the tests in other cycles. Auditors for Apollo Shoes will have to group the cash accounts into cycles to simplify the audit plan. The cash account appears in the cycles: finance and investment, production cycle, acquisition and expenditure, and revenue and collection cycle. The substantive audit
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second row so 28+18=46 runs (R=46).
n1=the number of yes: (add all of the numbers in the ones columns together) = 38
n2=the number of no: (add all of the numbers in the zero columns together) = 67
n=total sample size: 105
We can assume normal distribution because the sample sizes are both larger than 10.
* (Table I) Homes With and Without pools
Statistic | Less than 2300 square feet (sq ft) | More than 2300 square feet (sq ft) | Rows Total |
Homes with pools | 41 | 30 | 71 |
Without pools | 19 | 15 | 34 |
Purchased Homes Amount | 60 | 45 | 105 |
(Doane & Seward (2007).
The number of outcomes
n1 = number of outcomes of the first type
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. So far, rainfall remains 42.6% below normal, according to a report by Kotak Securities, a Mumbai-based brokerage. This has lead to deficiency in reservoir and water-basin levels by as much as 34%, the report said.
* TECHNOLOGICAL FACTORS:
Technology significantly influences product development and also introduces fresh cost-cutting processes. India is served with both 3G and 4G technology which has facilitated several of their technological projects. Furthermore, the country also possesses one of the strongest IT sectors in the world, promoting constant IT development, software upgrades and other technological advancements. Recently, India has also attempted to launch their
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parka during the season and makes a loss of approximately 8% of the wholesale price on each parka that is leftover in the inventory at the end of the season. In order to understand the demand uncertainty we need to know the probability demand will be less than Q for a desired Q. Hence we need some kind of demand distribution function that we can use in the model. In the Obermeyer’s case the demand is represented as normal distribution and we measure this demand distribution using the mean and std. deviation information.
As the model provides the trade off between ordering too much and too little, we next calculate the cost of ordering too much (overage cost Co) and ordering too little
3864 words - 16 pages
women and men. Their product offerings include women’s and men’s bags, accessories, business cases, footwear, jewellery, sun wear, travel bags, watches and fragrance. Coach’s distribution strategy is multi-channel. Coach operates in two segments: Direct-to-Consumer and Indirect. The Direct-to-Consumer segment includes sales to consumers through Company-operated stores in North America, Japan, Hong Kong, Macau, mainland China, Singapore, Taiwan and the Internet. The Indirect segment includes sales to wholesale customers in over 20 countries, including the United States; royalties are also earned on licensed products. As Coach’s business model is based on multi-channel international distribution
6649 words - 27 pages
further growth plan and these spare areas will be utilized soon after.
1.2.3 Hygiene & Safety Practice
• Medical Checkup is a pre requisite for appointment in the factory.
• Compulsory annual medical checkup of every employee by the company.
• Formaldehyde fumigation is done fortnightly in the critical hygiene areas.
• Pest control management is in place.
1.2.4 Sales and Distribution Channel
New Zealand Dairy Products Bangladesh Limited, since its inception in Bangladesh, has been trying to create and maximize an effective distribution network countrywide. Currently we have around 140 distributors, who are covering the whole countrywide distribution channel
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are several advantages to using local
information. First, the most important
3-D region to consider for grasping is
the region where the grasp will occur;
little can be gained by considering
the ends of a stick that we grasp in
the middle. Second, while the vision
data is incomplete, its distribution of
incompleteness is very skewed; a bowl
will have most of its front face perceived
by the SwissRanger, but most of the
1. Acquire 2-D candidate grasp points set from camera images using classifier5,6,7
2. Use camera depth information to find corresponding 3-D candidate grasp points set
3. FOR each grasp point in 3-D candidate grasp points set DO
Sample orientations from 3