question archive Directions Before completing this assignment you will need to download QM for Windows, or Excel QM
Directions Before completing this assignment you will need to download QM for Windows, or Excel QM
Subject:ManagementPrice: Bought3
Directions
Before completing this assignment you will need to download QM for Windows, or Excel QM.
Go to the Quantitative Analysis for Management, 13th ed., Additional Book Resources.
Download QM for Windows, or Excel QM and the Internet Case Studies.
1) Complete the Internet Case Study 03-01, "Drink-At-Home, Inc."
(Hint: you will need to create a decision tree in Excel QM or POM/QM for windows)
2) What is the difference between a prior and a posterior probability? Be sure to include discussion of the Bayes Process/Theorem and how this is used with the types of probabilities (hint: page 27)
Carefully read the grading criteria on the LP1 Assignment Rubric to ensure you understand how this assignment will be graded.
