Premium Essay

Managment Studies 613

In:

Submitted By bani23
Words 1003
Pages 5
MANAGEMENT INFORMATION SYSTEM 613

FALL 2010

Question 1:
Answer 1 a): Expected mean number of no-shows
Expected mean number of no-shows is equal to 7.17 passengers.

Exhibit 1: Forecast indicating the expected mean number of no shows
Answer 1b):
Expected mean number of passengers who board the plane is equal to 112.65.

Exhibit 2: Forecast chart indicating the expected mean number of passengers who board the plane
Calculation of 95% confidence interval for the expected mean number of passengers who board the plane:
In order to calculate the confidence interval, we used the CONFIDENCE function with the inputs of alpha, mean standard error and sample size of 0.05, 0.34 and 1000 respectively.
Therefore based on the calculation conducted on excel spreadsheet, we calculated the upper and lower limit of the interval. Confidence Interval | Confidence Interval | 0.95 | Alpha | 0.05 | +/- Range | 0.0210 | Upper Limit | 112.68 | Lower Limit | 112.63 | Exhibit 3: Confidence Interval Calculation for expected mean number of passengers boarding the plane
This means that we are 95% confident that the true population mean of number of passengers who board the plane on a daily basis will be somewhere between 112.63 and 112.68; but since this is discrete units we are 95% certain that 112 people will board the plane.

Exhibit 4: Distribution of sample means
Answer 1c): Probability that 125 or more passengers board the plane

Exhibit 5: Steps from Crystal Ball to obtain probability of 125 or more passengers boarding the plane

Exhibit 6: Steps from Crystal Ball to obtain probability of 125 or more passengers boarding the plane

Exhibit 7: Forecast chart showing the probability of 125 or more passengers boarding the plane
Therefore the probability of 125 or more passengers boarding the plane equals to 16.30%, as indicated in the forecast chart

Similar Documents

Premium Essay

Quality Managment

...ISBN 978‐9948‐03‐638‐8  Q uality Congress   Middle East 2 Dubai (7-9 April, 2008) Creating an Architecture of Quality and Excellence in the Middle East:  Responsibilities, Challenges and Strategies        Proceedings of Congress     Edited by  Najwa Sami Dham  &  Syed Aziz Anwar        e‐TQM College  P.O. Box 71400  Dubai  United Arab Emirates     (1) ISBN 978‐9948‐03‐638‐8  Table of Contents   Foreword ___________________________________________________________________ 6 Professor Mohamed Zairi, Chairman, Quality Congress Middle East 2 ______________________ 6 Research Papers ______________________________________________________________ 7 TQM and its Implementation in Higher Education of Iran _________________________ S.A. Siadat _____________________________________________________________________ M. Mokhtaripour _________________________________________________________________ R. Hoveida _____________________________________________________________________ 8 8 8 8 Quality: From Where to Where? ___________________________________________ 12 Alan Brown ___________________________________________________________________ 12 The Impact of Educational Quality Models on Schools’ Performance in Dubai ________ 20 Kalthoom Al Balooshi ____________________________________________________________ 20 Wafi Dawood __________________________________________________________________ 20 Management Education and Development in the United Kingdom _________________...

Words: 137918 - Pages: 552

Premium Essay

Group Interaction Articles

...GROUP INTERACTION JOURNAL ARTICLES Compiled by Lawrence R. Frey University of Colorado at Boulder Aamodt, M. G., & Kimbrough, W. W. (1982). Effects of group heterogeneity on quality of task solutions. Psychological Review, 50, 171-174. Abbey, D. S. (1982). Conflict in unstructured groups: An explanation from control-theory. Psychological Reports, 51, 177-178. Abele, A. E. (2003). The dynamics of masculine-agentic and feminine-communal traits: Findings from a prospective study. Journal of Personality and Social Psychology, 85, 768-776. Abele, A., Gendolla, G. H. E., & Petzold, P. (1998). Positive mood and in-group—out-group differentiation in a minimal group setting. Personality and Social Psychology Bulletin, 24, 1343-1357. Aberson, C. L., Healy, M., & Romero, V. (2000). Ingroup bias and self-esteem: A meta-analysis. Personality and Social Psychology Review, 4, 157-173. Abougendia, M., Joyce, A. S., Piper, W. E., & Ogrodniczuk, J. S. (2004). Alliance as a mediator of expectancy effects in short-term group psychotherapy. Group Dynamics: Theory, Research, and Practice, 8, 3-12. Abraham, A. (1973a). Group tensions as measured by configurations of different self and transself aspects. Group Process, 5, 71-89. Abraham, A. (1973b). A model for exploring intra and interindividual processes in groups. International Journal of Group Psychotherapy, 23, 3-22. Abraham, A. (1974-1975). Processes in groups. Bulletin de Psychogie, 28, 746-758. Abraham, A., Geffroy, Y., & Ancelin-Schutzenberger...

Words: 146784 - Pages: 588

Free Essay

Omgevingsanalyse Filmindustrie

...Omgevingsanalyse digitale (online) distributiemodellen in de filmindustrie (in opdracht van BAM) Sophie De Vinck (FWO, IBBT-SMIT) 1 juli 2009 1 1 1
 2
 3
 4
 Inhoud Inhoud ................................................................................................................................ 2
 Lijst van Afbeeldingen ........................................................................................................... 4
 Inleiding .............................................................................................................................. 5
 Kansen en uitdagingen voor de (Europese) filmdistributie ten gevolge van digitalisering: een 4.1
 4.2
 Impact van digitalisering op de filmsector: van waardeketen tot waardenetwerk ...................... 7
 Online on demand distributie van film: cruciale issues .......................................................... 9
 De long tail revisited ................................................................................................ 10
 Rechten beschermen versus piraterij .......................................................................... 12
 De chronologie van de verschillende media ................................................................. 13
 Specifieke struikelblokken voor het online aanbieden van Europese films......................... 14
 De problematiek van de multi-territoriale licenties .................................................. 15
 Culturele diversiteit...

Words: 36397 - Pages: 146

Free Essay

Rute Linux Tutorial

...LINUX: Rute User’s Tutorial and Exposition Paul Sheer August 14, 2001 Pages up to and including this page are not included by Prentice Hall. 2 “The reason we don’t sell billions and billions of Guides,” continued Harl, after wiping his mouth, “is the expense. What we do is we sell one Guide billions and billions of times. We exploit the multidimensional nature of the Universe to cut down on manufacturing costs. And we don’t sell to penniless hitchhikers. What a stupid notion that was! Find the one section of the market that, more or less by definition, doesn’t have any money, and try to sell to it. No. We sell to the affluent business traveler and his vacationing wife in a billion, billion different futures. This is the most radical, dynamic and thrusting business venture in the entire multidimensional infinity of space-time-probability ever.” ... Ford was completely at a loss for what to do next. “Look,” he said in a stern voice. But he wasn’t certain how far saying things like “Look” in a stern voice was necessarily going to get him, and time was not on his side. What the hell, he thought, you’re only young once, and threw himself out of the window. That would at least keep the element of surprise on his side. ... In a spirit of scientific inquiry he hurled himself out of the window again. Douglas Adams Mostly Harmless Strangely, the thing that least intrigued me was how they’d managed to get it all done. I suppose I sort of knew. If I’d learned...

Words: 159689 - Pages: 639