Visit the NASDAQ historical prices weblink. First, set the date range to be for exactly 1 year ending on the Monday that this course started. For example, if the current term started on April 1, 2018, then use April 1, 2017 – March 31, 2018. (Do NOT use these dates. Use the dates that match up with the current term.) My class started 14 January 2019. Do this by clicking on the blue dates after “Time Period”. Next, click the “Apply” button. Next, click the link on the right side of the page that says “Download Data” to save the file to your computer. This project will only use the Close values. Assume that the closing prices of the stock form a normally distributed data set. This means that you need to use Excel to find the mean and standard deviation. Then, use those numbers and the methods you learned in sections 6.1-6.3 of the course textbook for normal distributions to answer the questions. Do NOT count the number of data points. Complete this portion of the assignment within a single Excel file. Show your work or explain how you obtained each of your answers. Answers with no work and no explanation will receive no credit. 1. a) Submit a copy of your dataset along with a file that contains your answers to all of the following questions. b) What the mean and Standard Deviation (SD) of the Close column in your data set? c) If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: You do not want to calculate the mean to answer this one. The probability would be the same for any normal distribution. (5 points) 2. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at more than $950? (5 points) 3. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed within $50 of the mean for that year? (between 50 below and 50 above the mean) (5 points) 4. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than $800 per share. Would this be considered unusal? Use the definition of unusual from the course textbook that is measured as a number of standard deviations (5 points) 5. At what prices would Google have to close in order for it to be considered statistically unusual? You will have a low and high value. Use the definition of unusual from the course textbook that is measured as a number of standard deviations. (5 points) 6. What are Quartile 1, Quartile 2, and Quartile 3 in this data set? Use Excel to find these values. This is the only question that you must answer without using anything about the normal distribution. (5 points) 7. Is the normality assumption that was made at the beginning valid? Why or why not? Hint: Does this distribution have the properties of a normal distribution as described in the course textbook? Real data sets are never perfect, however, it should be close. One option would be to construct a histogram like you did in Project 1 to see if it has the right shape. Something in the range of 10 to 12 classes is a good number. (5 points)
In: Statistics and Probability
PROJECT 3 INSTRUCTIONS Based on Brase & Brase: sections 6.1-6.3 Visit the NASDAQ historical prices weblink. First, set the date range to be for exactly 1 year ending on the Monday that this course started. For example, if the current term started on April 1, 2018, then use April 1, 2017 – March 31, 2018. (Do NOT use these dates. Use the dates that match up with the current term - MY COURSE STARTED ON JANUARY 14, 2018.) Do this by clicking on the blue dates after “Time Period”. Next, click the “Apply” button. Next, click the link on the right side of the page that says “Download Data” to save the file to your computer. This project will only use the Close values. Assume that the closing prices of the stock form a normally distributed data set. This means that you need to use Excel to find the mean and standard deviation. Then, use those numbers and the methods you learned in sections 6.1-6.3 of the course textbook for normal distributions to answer the questions. Do NOT count the number of data points. Complete this portion of the assignment within a single Excel file. Show your work or explain how you obtained each of your answers. Answers with no work and no explanation will receive no credit. 1. a) Submit a copy of your dataset along with a file that contains your answers to all of the following questions. b) What the mean and Standard Deviation (SD) of the Close column in your data set? c) If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: You do not want to calculate the mean to answer this one. The probability would be the same for any normal distribution. (5 points) 2. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at more than $950? (5 points) 3. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed within $50 of the mean for that year? (between 50 below and 50 above the mean) (5 points) 4. If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than $800 per share. Would this be considered unusal? Use the definition of unusual from the course textbook that is measured as a number of standard deviations (5 points) 5. At what prices would Google have to close in order for it to be considered statistically unusual? You will have a low and high value. Use the definition of unusual from the course textbook that is measured as a number of standard deviations. (5 points) 6. What are Quartile 1, Quartile 2, and Quartile 3 in this data set? Use Excel to find these values. This is the only question that you must answer without using anything about the normal distribution. (5 points) 7. Is the normality assumption that was made at the beginning valid? Why or why not? Hint: Does this distribution have the properties of a normal distribution as described in the course textbook? Real data sets are never perfect, however, it should be close. One option would be to construct a histogram like you did in Project 1 to see if it has the right shape. Something in the range of 10 to 12 classes is a good number. (5 points) There are also 5 points for miscellaneous items like correct date range, correct mean, correct SD, etc.
In: Statistics and Probability
Visit the NASDAQ historical prices weblink. First, set the date range to be for exactly 1 year ending on the Monday that this course started. For example, if the current term started on April 1, 2018, then use April 1, 2017 – March 31, 2018. (Do NOT use these dates. Use the dates that match up with the current term.) Do this by clicking on the blue dates after “Time Period”. Next, click the “Apply” button. Next, click the link on the right side of the page that says “Download Data” to save the file to your computer.
This project will only use the Close values. Assume that the closing prices of the stock form a normally distributed data set. This means that you need to use Excel to find the mean and standard deviation. Then, use those numbers and the methods you learned in sections 6.1-6.3 of the course textbook for normal distributions to answer the questions. Do NOT count the number of data points.
Complete this portion of the assignment within a single Excel file. Show your work or explain how you obtained each of your answers. Answers with no work and no explanation will receive no credit.
b) What the mean and Standard Deviation (SD) of the Close column in your data set?
c) If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at less than the mean for that year? Hint: You do not want to calculate the mean to answer this one. The probability would be the same for any normal distribution. (5 points)
There are also 5 points for miscellaneous items like correct date range, correct mean, correct SD, etc.
In: Statistics and Probability
What can managers do with queuing theory?
Multiple Choice
Create better marketing
Calculate net profits
Eat at fancy restaurants
Measure and predict performance
Utilization is equal to which of the following?
Multiple Choice
Arrival rate times service rate
Service rate divided by arrival rate
Arrival rate divided by service rate
Service rate minus arrival rate
The second, simpler formula is only valid for which condition?
Multiple Choice
The arrival and service rates are derived from a Beta distribution
The arrival and service rates are derived from a Chi-Square distribution
The arrival and service rates are derived from a Poisson distribution
The arrival and service rates are derived from a Normal distribution
A vending machine dispenses hot chocolate or coffee. Service
time is 35 seconds per cup and is constant. Customers arrive at a
mean rate of 61 per hour, and this rate is
Poisson-distributed.
a. Determine the average number of customers
waiting in line. (Round your answer to 2 decimal
places.)
Average number of customer
b. Determine the average time customers spend in
the system. (Do not round intermediate calculations. Round
your answer to 2 decimal places.)
Average time
minutes
c. Determine the average number of customers in
the system. (Do not round intermediate
calculations. Round your answer to 2 decimal
places.)
Average number
customers
Many of a bank’s customers use its automatic teller machine to
transact business after normal banking hours. During the early
evening hours in the summer months, customers arrive at a certain
location at the rate of one every other minute. This can be modeled
using a Poisson distribution. Each customer spends an average of 86
seconds completing his or her transactions. Transaction time is
exponentially distributed.
a. Determine the average time customers spend at
the machine, including waiting in line and completing transactions.
(Do not round intermediate calculations. Round your answer
to the nearest whole number.)
Average time
minutes
b. Determine the probability that a customer will
not have to wait upon arriving at the automatic teller machine.
(Round your answer to 2 decimal
places.)
Probability
c. Determine the average number of customers
waiting to use the machine. (Round your answer to 2 decimal
places.)
Average number
customers
In: Statistics and Probability
In: Finance
Write the stages of isolation and purification of Beta-Glucuronidase from the sources, and the protocol you will put forward will aim to have the highest and purest enzyme structure. Basic protein separation and purification methods and techniques will be used in the preparation of this protocol.
In: Biology
Draw : the periodic unit cells of the following materials and identify bonding types in each of them: a) NH3 b) Cl2 c) MgO d) diamond
Which materials are expected to have the highest and low melting point respectively
In: Chemistry
Draw the periodic unit cells of the following materials and identify bonding types in each of them: a) NH3 b) Cl2 c) MgO d) diamond Which materials are expected to have the highest and low melting point respectively
In: Chemistry
Suppose you have nanometer-sized features in your sample, and would like to resolve the shape as good as you can. Which setting(s) of a Köhler microscope will give you the highest chance of resolving these features and their shape?
In: Other
What do economists normally assume to be the goal of a firm?
Select one:
a. to maximize sales revenue
b. to maximize profits
c. to sell products at the highest prices possible
d. to sell as many units of output as possible
In: Economics