Question: Please answer the following questions. What are the graphical methods of data description, specifically histograms? How do you calculate measures of central tendency and dispersion?

Please answer the following questions.

  1. What are the graphical methods of data description, specifically histograms?
  2. How do you calculate measures of central tendency and dispersion?
  3. How do you calculate and interpret expected values?
  4. What is the concept of Pareto analysis?
  5. What are the box-and-whisker plots?
  6. What are tornado diagrams?
  7. What is descriptive statistics vs inferential statistics?
  8. What is considered an inferential statistic?
  9. What is an example of a descriptive statistic?
  10. What is the formula for mean, median and mode,standard deviation, and variance?
  11. What is processflows and how to create a process flow diagram?
  12. What are the basics of discrete and continuous probability distributions and how they are used in the context of simulation?
  13. What are the characteristics of good random number gen- erators and how they are used in the context of simulation?
  14. What is meant by discrete-event versus continuous simulation?
  15. What are the basics of Monte Carlo simulation?
  16. What are the basic concepts of queuing theory, including how to model arrival and service processes, possible queue disciplines, and applications of Little's formula?

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