“Assignment ‘Sept Dee 2074 assignment Title: Sept - Dee 201¢ assignment ‘From November. 17,2014 9.08:30 AM until Never 25,2014 a 08:20 PM, - ‘Submission type: Fl (fle require, description text optional) : Submission-visibllity: Visible fora users Assignment type = Individual ‘Allow Inte upload : Users cannot submit fered te schoo. or usmss DEPARTMENT OF MANAGEMENT SCIENCE: * i 1 SEPTEMSER-DECEMBER 2014 a baiss isvess qoayrtrarivE ANAL ASSIGNMENT. | pen aed eee 1.1, Answer ALL questions. ~ ae dete es [Byplain the relevance of quantitative modeting to busines decision making ©) Burger city is large chain of fst Sood resuranksspecializig ins vatiety of coffees. A ‘mathematical mode! i now used to predict the sucess of new restaurants based on location and demographic informstion for tat area, In the past, 70% ofall resaurants that were ‘opened were successful. The mathernatical mods! has een tested in the existing restaurants {determine how effesive iis, For the resteureats that were successful, 996 of the time the ‘model predicted they would be, while 10% of te time the model predicted «failure. For the restaurants that Were not sucessfl, when the mathematical model was applied, 20% ofthe time it incorrectly precicted a successful restaurant while 80% ofthe time it was accurate a predicted an unsuccessful resteurant. If he mods! is used on a new locaticn and predicts restaurant wil be succesful, what is the probabiity that it actualy is succesful? Question Twoations avive atthe omergency room of Valley Hospital at an average of per dey. The \Semand for emergency roam treatment in Costs Valley follows x Poisson ditbuion 8) Compute the probability of exactly 0.1.2.3, 4and S erivals per dav. 'b) What is the sum ofthese probabilities, and why isthe number less than 1? ©) Determine the probability of more than 3 visits for emergency room service on any given dy (Question Three A sample of 9 public universities and 9 private universities wes taken, The toa cost forthe Yar (neluding room and beard) andthe median KCSE average score at each schoo! were ‘corded, It was fe that schools with higher mean KCSE scores would Have «beter eputation and. would charge more tition as rer of that, The data iim the table below Use regression o elf answer the following queitions based on this sample data #) Do schools with higher KCSE scores shatge more in tition fees? ) Are private schools mare expensive than public schools when KCSE scores sare taken into consideration? ©) Diseuss how accurate you belle these results are using information relatedthe regression models, [ [esteconw] roratcosr] MERAY a Paiie| Taso 1550 E 2 Pale 10400 1080 3 Pate 71300 1210 | a: 70300 130 fs E[Puble 13900 1030 ef. Patie Ta07 TOO Er a aT 7100 104d 5 Pole “500 Tosa g3> 10 Private 20300 / 1090 12|__Frivue] 22100 (73 [Piva] 28100 1s| Private 23200 CTs rrivse| a0 Cree a0 | (Te Frivte 21400(Question Four . oi “oven ne pss ink betwen ori coin of raking ter nd cnr in arte Kenya. sacs deh os bo fest per 100,00 poplin Sen 10952196020 seed ae tee largest onde reins and ttn eons not Foie by 1969 wete onde Thse dan wer used tele orem eon oe ton of ners cance eat ae overs 18 your pied The dite re en trio FLUORIDATE | NONFLUORIDATED Annual Increase i region Annual Increase in region Cancer Beth at pps Caer Dest ae rasa eT roo 8) Condit u 95% confidence interval forthe diTerence between the mean annual increases in cancer death rags Far fuoridated and non-fluoidated-regions- Ce 18 depres of Freedom; ‘de OT assuine equal vatiances) 'b) What assumpion(s) mast be sisted for the confidence interval in parts) tobe valid?