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Module 1 covers Chapters 1 ( Introduction ) and 2 ( Probability ) . Below are several samples posts for your reference: Sample Post #

Module 1 covers Chapters 1(Introduction) and 2(Probability). Below are several samples posts for your reference:
Sample Post #1(Discussion Question 1-2, page 18)
Quantitative analysis is the scientific approach to managerial decision making. This type of analysis is a logical and rational approach to making decisions. A number of organizations support the use of the scientific approach: the Institute for Operation Research and Management Science (INFORMS), Decision Sciences Institute, and Academy of Management.
Sample Post #2(Problem 1-16, page 18)
Variable costs: v=$20, Selling price: s=$50, and Fixed costs: f=$150
Break even point =BEP=fs-v=15050-20=15030=5 units. Therefore, Ray must sell 5 handcrafted yard decorations to break even.
Sample Post #3(Problem 2-29, page 57)
Parts (a) and (c) are probability distributions because (1) the probability values for each event are between 0 and 1 and (2) the sum of the probability values for the events =1. Part (b) is not a probability distribution because it violates condition (1) and/or condition (2).
For more information about posting, please refer to page 2 of the syllabus. Your participation grade is based on the (1) frequency (# of posts),(2) quality/variety, and (3) accuracy/correctness of your posts. Also, check out the Online Discussion Rubric (i.e., Communications > Discussions > Module 1 Discussion > Online Discussion Rubric) regarding the grading criteria. If you have questions unrelated to the discussion board, please send them to me via email.
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