Assume you have a business with ten employees, and you want to choose a time slot...
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Assume you have a business with ten employees, and you want to choose a time slot to give a lunch break to them. You have four different time slots as candidates, and you want to choose the one in which the chances of having customers are lower. How would you use the knowledge from this unit to make this decision? Which probability distribution do you use? What data do you need to collect? HINTS: Before deciding on what distribution to use try to think, visualize what experiment you are dealing with in this situation (more than an experiment, this activity will resemble to an observational experiment). What will be the events that happen (are involved) in these experiment (observation)? Lead your thinking by the fact that you want to set up the break during the time slot in which the P(having customers) is the lowest..... Requirements: 1. What will be the event(s) that happen (are involved) in these experiment (observation)? State them. You also may name them as event A, B, C,... for future reference. 2. You have learned some probability distributions. This situation looks like... what probability distribution(s)? In your own words, explain why you think that it looks like the distribution(s) you mention. 3. What probability distribution would you use to solve the problem? Name it. 4. In step 3 you named the distribution you are going to use. Show that the conditions for applying that probability distribution model are fulfilled in this situation or state what assumptions you are going to make to be able to apply that model to solve your problem. 5. What data will you collect to be able to apply the model you selected? Explain how you will use the data you will be collecting. REQUIRED: Use the LA 4 TEMPLATE to produce the submission file. The template is expandable, so you can write as much as you want in it. Produce the file in only two allowed file types: MS WORD or pdf created by CAMSCANNER. Assume you have a business with ten employees, and you want to choose a time slot to give a lunch break to them. You have four different time slots as candidates, and you want to choose the one in which the chances of having customers are lower. How would you use the knowledge from this unit to make this decision? Which probability distribution do you use? What data do you need to collect? HINTS: Before deciding on what distribution to use try to think, visualize what experiment you are dealing with in this situation (more than an experiment, this activity will resemble to an observational experiment). What will be the events that happen (are involved) in these experiment (observation)? Lead your thinking by the fact that you want to set up the break during the time slot in which the P(having customers) is the lowest..... Requirements: 1. What will be the event(s) that happen (are involved) in these experiment (observation)? State them. You also may name them as event A, B, C,... for future reference. 2. You have learned some probability distributions. This situation looks like... what probability distribution(s)? In your own words, explain why you think that it looks like the distribution(s) you mention. 3. What probability distribution would you use to solve the problem? Name it. 4. In step 3 you named the distribution you are going to use. Show that the conditions for applying that probability distribution model are fulfilled in this situation or state what assumptions you are going to make to be able to apply that model to solve your problem. 5. What data will you collect to be able to apply the model you selected? Explain how you will use the data you will be collecting. REQUIRED: Use the LA 4 TEMPLATE to produce the submission file. The template is expandable, so you can write as much as you want in it. Produce the file in only two allowed file types: MS WORD or pdf created by CAMSCANNER.
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1 The events that happen in this experiment are that the employees take a break and that there are c... View the full answer
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 978-0133797190
5th edition
Authors: Bruce R. Barringer, R. Duane Ireland
Posted Date:
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