Assignment II: Business Basics Biogen Idec Biogen Idec is a global biotechnology company focused on discovering‚ developing‚ manufacturing and marketing therapies for the treatment of multiple sclerosis and other autoimmune disorders‚ neurodegenerative diseases and haemophilia. Biogen Idec was formed in 2003 from the merger of two companies‚ Biogen Inc.‚ founded in 1978‚ and IDEC Pharmaceuticals Corporation‚ founded in 1985. It is one of the largest biotechnology companies in the world. Biogen
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Definition Statistics - science of collecting‚ organizing‚ summarizing and analyzing information to draw conclusion or answer questions. - Provides a measure of confidence in any conclusion Population - the collection of all of the people or objects that one considers Individual - a single person of object of the population Sample - a subject of the population (a group of individual of the population) Descriptive statistics - describes data through numerical summaries
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Committee Created by sit-ins; lack of patience resulted in their downfall Interstate Highway Act of 1956 1956; more effective; jobs and benefits (trucking‚ gasoline‚ automobile); deprived passenger trains‚ decreased air quality‚ robbed downtowns of business due to shopping outlets Nikita Khrushchev First Secretary of the Soviet Union- "premier"- was in attempts to negotiate towards reconciliation with Eisenhower but U-2 scandal made such attempts void Geneva
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Applications of Business Statistics Statistics are used by all industries and businesses as a standardized unit of measurement for presenting data in a useful and meaningful format. Statistics can be used to measure historical performance and to forecast future targets. For business managers and leaders‚ statistics provide insight into how business units are performing relative to an organizations goals and objectives. Statistics also forecast future trends and are used in all areas of human thought
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1. In a poll‚ respondents were asked whether they had ever been in a car accident. 157 respondents indicated that they had been in a car accident and 117 respondents said that they had not been in a car accident. If one of these respondents is randomly selected‚ what is the probability of getting someone who has been in a car accident? 157+117=274/157=1.74 2. The data set represents the income levels of the members of a country club. Find the probability that a randomly selected member earns
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GT00303 Business Statistics Semester II 2008/2009 Chapter 1 Introduction of Business Statistics An important decision-making tool in business and is used in virtually every area of business. Among the more common meaning of the word are: 1) the science of gathering‚ analyzing‚ interpreting and presenting data 2) a branch of mathematics 3) a course of study 4) facts and figures 5) a death 6) sample measurement 7) type of distribution used to analyze data Statistics
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Solutions to Case Problems Manual to Accompany An Introduction To Management Science Quantitative Approaches To Decision Making Twelfth Edition David R. Anderson University of Cincinnati Dennis J. Sweeney University of Cincinnati Thomas A. Williams Rochester Institute of Technology R. Kipp Martin University of Chicago South-Western Cincinnati‚ Ohio Contents Preface Chapter 1: Introduction ♦ Scheduling a Golf League Chapter 2: An Introduction to Linear Programming ♦ Workload
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we are faced with situations everyday where Statistics can be applied. In general‚ Statistics is the science of collecting‚ organizing‚ and analyzing numerical data. The techniques involved in Statistics are important for the work of many professions‚ thus the proper preparation and theoretical background of Statistics is valuable for many successful career paths. Marketing campaigns‚ the realm of gambling‚ professional sports‚ the world of business and economics‚ the political domain‚ education
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Direct or Indirect 3. Debt‚ Equity‚ or Derivative Securities 4. Low- or High-Risk Investments 5. Short- or Long-Term Investments 6. Domestic or Foreign B. The Structure of the Investment Process 1. Suppliers and Demanders of Funds a. Government b. Business c. Individuals 2. Types of Investors Concepts in Review II. Types of Investments A. Short-Term Investments B. Common Stock C. Fixed-Income Securities 1. Bonds 2. Convertible Securities 3. Preferred Stock D. Mutual Funds E. Exchange-Traded Funds
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BUSINESS STATISTICS Agenda Introduction Descriptive Statistics One–Tailed Test About a Population Mean t-Test Using Two Independent Samples t-Test For Paired Samples Analysis of Variance (ANOVA) Regression Analysis U.S. Patent and Trademark Office (PT0) Descriptive Statistics Frequency Vs Total Provisional Filings One–Tailed Test About a Population Mean Selected a small sample of 12 months’ provisional application filings for large US entities (for fiscal year 1996) 1. Determine the Hypotheses
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