MSE 600 Final Exam Study Guide

You have 10 possible chapters for your final exam. You will receive questions from each of these
chapters. You will be allowed to choose 5 chapters to be tested on.

Go over the slides and examples for those chapters that you would like to be tested on. You have the
answers to the examples below. Ensure that you are very familiar with your chosen chapters. The
questions will be typical of what you may expect on your exam.

Data Analysis

Chapter 2

Takeaways: Creating and understanding summary statistics and data visualization tools

Lecture Example 2.3: Baseball Salaries

Lecture Example 2.4: Crime in United States

Lecture Example 2.6: HyTex’s Customer Data

End of Chapter Practice Problems: #39, 43, 45, 53

Chapter 3

Takeaways: Data visualization tools cont., Pivot Tables

Example 3.3: Golf Stats on the PGA Tour

Example 3.5: Frozen Lasagna Dinners

End of Chapter Practice Problems: #59

Probability and Decision Making Under Uncertainty

Chapter 5:

Takeaways: Understanding Probabilities and Probability Distributions

Lecture Example Example 5.4: Normal Calculations in Excel

Lecture Example Example 5.5: Personnel Testing at Ztel

Lecture Example Example 5.6: Quality Control at PaperStock

Lecture Example Example 5.8: Binomial Calculations In Excel

Lecture Example Example 5.11: Overbooking by Airlines

Lecture Example Example 5.13: Managing TV Inventory at Kriegland (Poisson)

End of Chapter Practice Problems: 67,74,76

Chapter 6
Takeaways: Creating Decision Trees

Lecture Example 6.2: New Product Decisions with Technological Uncertainty

Lecture Example 6.3: New Product Decisions with Option to Buy Information

End of Chapter Practice Problems: 32,33,37

Statistical Inference

Chapter 8

Takeaway: Confidence Interval Estimating

Lecture Example 8.3: Estimating the Response to a New Sandwich

Lecture Example 8.6: Reliability of Treadmill Motors at SureStep

Lecture Example 8.7: Husband and Wife Reactions to Presentations

End of Chapter Practice Problems: 36,40,48,56,58,62

Chapter 9

Takeaway: Hypothesis testing as a form of decision-making

Lecture Example 9.1: A New Pizza Style at Pepperoni Pizza Restaurant

Lecture Example 9.2: Customer Complaints at Walpole Appliance Company

Lecture Example 9.4: Productivity Due to Exercise at Informatrix

Lecture Example Example 9.5: Employee Empowerment at ArmCo Company

End of Chapter Practice Problems: 55,57,59,61

Regression Analysis and Forecasting

Chapter 10

Takeaway: Estimating relationships through regression analysis (least squares method)

Lecture Example 10.2: Explaining Overhead Costs at Bendrix

Lecture Example 10.1: Sales versus Promotions at Pharmex

End of Chapter Practice Problems: 39, 41, 63,67

Chapter 11

Takeaway: Regression analysis through statistical inference

Lecture Example 11.1: Explaining Overhead Costs at Bendrix

Lecture Example 11.3: Explaining Spending Amounts at HyTex

End of Chapter Practice Problems: 40,42, 46,50,52

Chapter 12

Takeaway: Forecasting Methods

Lecture Example 12.1: Forecasting Monthly Stereo Sales

Lecture Example 12.2: Monthly U.S. Population

Lecture Example 12.3: Quarterly PC Device Sales

Lecture Example 12.4: Houses Sold in the United States

Lecture Example 12.5: Quarterly Soft Drink Sales

End of Chapter Practice Problems: 59,63,65

Optimization

Chapter 13

Takeaway: Optimization using linear programming

Note: Items in bold in this chapter are what you should focus on, the rest are left here for practice.

Lecture Example 13.1: Assembling and Testing Computers

Lecture Example 13.2: Producing Computers at PC Tech With Two Testing Lines

Lecture Example 13.3: Producing Footballs In Multiple Time Periods

End of Chapter Practice Problems: 1, 25 (a-b),29a, 31a,33a