Questions And Topics We Can Help You To Answer

Answer each of the following questions with intext citations and the proper references for each

1.Define probability distributions. Describe two common probability distributions.

2. Summarize statistical methods used in forecasting and the types of times series to which they are most appropriate.

3. List the principal rules for examining a control chart to determine if the process is in control.

4. Explain what a decision model is and list the three types of inputs common to decision models.

5. Explain the concept of risk analysis.

6. How do you compute return on investment?

7. List the three elements queuing systems have in common. Describe each element.

8. Explain optimization and optimal solution.

9. How can binary variables be used to model logistical conditions. Provide examples.