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OUTLINE

OUTLINE. QUESTIONS? NEWS? QUIZ RESULTS GO OVER HOMEWORK PICTURES DUE TOMORROW NIGHT AS IS THE REST OF THE HOMEWORK EVALUATIONS END OF SEMESTER TEAM QUESTONNAIRE CHAPTER 12 - RISK. QUIZ RESULTS. GOOD QUIZ BETTERED PREVIOUS CLASSES 8.73 TO 8.60 WITH A FEW DISSAPPOINTMENTS

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OUTLINE

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  1. OUTLINE • QUESTIONS? • NEWS? • QUIZ RESULTS • GO OVER HOMEWORK • PICTURES DUE TOMORROW NIGHT AS IS THE REST OF THE HOMEWORK • EVALUATIONS • END OF SEMESTER TEAM QUESTONNAIRE • CHAPTER 12 - RISK

  2. QUIZ RESULTS • GOOD QUIZ • BETTERED PREVIOUS CLASSES 8.73 TO 8.60 • WITH A FEW DISSAPPOINTMENTS • FEWER PERFECT SCORES (1) • ONE LOW SCORE

  3. Quiz Results

  4. QUIZ RESULTS

  5. QUIZ RESULTS

  6. Recommendations I was pretty sick all weekend but we did manage to get to the Warhol on Sunday One of my main inspirations hence I did not want to miss it Via del Corso 320, Palazzo Cipolla 15 minute walk from Accent or bus 62 A fabulous collection of 150 pieces

  7. SelfPortrait

  8. Liz Taylor

  9. Marilyn Monroe

  10. DISTRIBUTION OF NPW • PROCEDURE • NPW AS A FUNCTION OF RANDOM VARIABLES • EACH RANDOM VARIABLE HAS ITS OWN DISTRIBUTION • LOOK AT RELATIONSHIP AMONG THE RANDOM VARIABLES • EVALUATE MEAN AND STANDARD DEVIATION OF NPW (NORMAL DISTRIBUTION)

  11. SIMULATION • MONTE CARLO METHOD • DEFINE A DISTRIBUTION FOR EACH VARIABLE • USE RANDOM NUMBER GENERATION TO COME UP WITH A SPECIFIC VALUE FOR EACH VARIABLE • CALCULATE THE RESULTING NPW • REPEAT HUNDREDS OF TIMES • CALCULATE MEAN AND STANDARD DEVIATION OF NPW: YOU ARE READY TO PREDICT PROBABILITY OF A GIVEN NPW • See spreadsheet demo

  12. SIMULATION

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