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Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronictextbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible viapaper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the manywho cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us atdrexel@uga.edu and dcwill@cnx.org.

Editor: Steven D Sheetz (Virginia Tech, USA)

Contributors: Kimberly Watkins, Sarah ElShawarby, Nicholle Depaz (Virginia Tech, USA)

Reviewer: Robin S Russell (Virginia Tech, USA)

De Vita, Glauco and Catherine L. Wang. "Development if Outsourcing Theory and Practice." Idea Group Inc., 2006.

Gandhi, Ujval. "Vendor Managed Inventory: A New Approach to Supply Chain Management." Virginia Polytechnic Institute and State University. 2003.

Halvey, John and Barbara Melby. "Business Process Outsourcing: Process, Strategies, and Contracts.” John Wiley&Sons, Inc. 2000.

Mohr, Jakki. "Characteristics of Partnerships Success: Partner Attributes, Communication Behavior, and Conflict Resolution Techniques." Strategic Management Journal 15.1994 135-152. 12 Dec 2007.

Russell, Roberta and Bernard W. Taylor III. "Operations Management: Quality and Competitiveness in a Global Environment." John Wiley&Sons, Inc. 2006.

Scannell, Ed and Tom Sullivan . "Reining in external relationships." Info World Media Group 18 SEP 2000 20. 29 SEP 2007 (External Link)&dyn=33!xrn_14_0_A65286562&bkm_34_14

Seifert, Dirk. "Collaborative Planning, Forecasting, and Replenishment: How to Create a Supply Chain Advantage." AMACOM Books. 2003.

Smith, Michael. "Honesty as a core value." Practical Strategies Newsletter 12 Dec 2007 <(External Link)> .

Street, Christopher and Ann-Frances Cameron. "External relationships and the small business: a review of small business alliance and network research." Journal of Small Business Management. Apr 2007 239-254. 09 SEP 2007.

Questions & Answers

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Step 1: Find the mean. To find the mean, add up all the scores, then divide them by the number of scores. ... Step 2: Find each score's deviation from the mean. ... Step 3: Square each deviation from the mean. ... Step 4: Find the sum of squares. ... Step 5: Divide the sum of squares by n – 1 or N.
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The sample of 16 students is taken. The average age in the sample was 22 years with astandard deviation of 6 years. Construct a 95% confidence interval for the age of the population.
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Bhartdarshan' is an internet-based travel agency wherein customer can see videos of the cities they plant to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400 a. what is the probability of getting more than 12,000 hits? b. what is the probability of getting fewer than 9,000 hits?
Akshay Reply
Bhartdarshan'is an internet-based travel agency wherein customer can see videos of the cities they plan to visit. The number of hits daily is a normally distributed random variable with a mean of 10,000 and a standard deviation of 2,400. a. What is the probability of getting more than 12,000 hits
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1
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a= 0.20233 b=0.3384
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a
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It depends on your business problem or in Machine Learning you could use ROC- AUC cruve to decide the threshold value
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Source:  OpenStax, Business fundamentals. OpenStax CNX. Oct 08, 2010 Download for free at http://cnx.org/content/col11227/1.4
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