Describe a situation in your personal life where you engage in
an activity or a decision-making process that lends itself to a
discrete probability distribution. What type of discrete
probability distribution might be most appropriate for the
activity? Include examples please
Outline and detail the decision making model of your choice (300
words)
Choose AAA model and explain this model. How We understand this
model.
The AAA model: 7 step ethical decision making model
What are the fact of these cases?
What are the ethical issue in the cases?
List the primary stakeholder
Define the Ethical Issue
What are the norm, principle, and value related to the
case
What are the alternative course of action
What is the best course of...
Describe a situation where pivot tables could be used to aid a
business decision. Specify the question / problem management needs
to resolve, and explain the manner in which the pivot table results
will provide a solution. You may use one (1) of the homework
exercises as a basis for your response, or a company with which you
are familiar.
Describe your decision to purchase or not purchase homeowner’s
or renter’s insurance. In your situation, what happens/would happen
as a result of theft or system breakdown? If you have not purchased
insurance yet, what type of policy would you consider in the
future? Discuss how it could protect you.
Describe an Arbitrage Pricing Theory
(APT) model of your choice. How this model compares to the Capital
Asset Pricing Model (CAPM)?
ii)
Support your answers with empirical evidence on how well models you
discussed in part (i) can explain variability of returns
How is the model of consumer choice different from the simple
model of decision making that we discussed in Lecture 4 (on Optimal
Decisions)? In what ways are the models of decision making similar?
What are the marginal benefits and marginal costs for the consumer
in deciding their optimal bundle? What role does the budget play in
finding the optimal bundle?