Introduction to
STATISTICS 5802
Cost of Living 1976
Year End Close Dow Jones Industrial Average 1004
Average Cost of new house $43,400.00
Average Income per year $16,000.00
Average Monthly Rent $220.00
Cost of a gallon of Gas 59 cents
Polaroid Camera Camera History $28.00
1976 Technology
Concorde operated by Britain and France enters
service cuts transatlantic flying time to 3 1/2
hours
Apple Computer Company is formed by Steve
Jobs and Steve Wozniak
First laser printer introduced by IBM - the IBM
3800
X
No communication
between students and
professors prior to first day
of class!
EMBA - 1996
Year End Close Dow Jones Industrial Average 6448
Average Cost of new house $118,200
Average Income per year $36,300
Average Monthly Rent $554
Cost of a gallon of Gas $1.22
Average cost of new car $16,300
DVD's Launched in Japan
In 12 months number of Internet host computers goes
from 1 million to 10 million
Windows NT 4.0 released by Microsoft
Internet Explorer 3 web browser released
Ebay started the online auction and shopping
website, where people buy and sell goods and services
worldwide.
Getting started in the EMBA
 Cohort
 Showed up in Fall
 Distributed materials and diskettes/CDs
 Gave introduction in strategy class
 Introduction included work due BEFORE the first day
of class!!
EMBA Today
 Introduction via PowerPoint
 No need to interrupt strategy, statistics or
accounting
Agenda
 Course and Syllabus Overview
 Objective
 Software
 Projects
 First Homework Assignment!!
Statistics
Location
Statistics
Brand Loyalty
Capital
Budgeting
Algebra
Scheduling
Product Mix
Price Guarantees
Workforce training
Logic
Bidding
Public Services
Portfolio Selection
Psychology
Inventory
Diets
Computers
Media selection
Enrollment
Management
Resource allocation
Regression
Standard deviation
Variables:
Probabilities sum to 1
Let x = number of chairs
Randomness
Let z = 1 if yes, 0 if no
Normal Distribution
If…then…
Transitivity
Risk aversion
Software Ease
Comparisons
Hardware Speed &
Gamesmanship
Power
Model
Solve
Interpret
and apply
The Textbook
 Quantitative Analysis for Management,
10th edition by Render, Stair and
Hanna, Prentice-Hall, 2009
 Note: The text should be treated as a
supplement. I will present the bulk of
the material in class. You can skim the
chapters in the text prior to class
paying attention to the modeling
aspects but for the most part ignoring
the computational aspects.
Course Requirements
 Individual Interfaces paper and presentation (10%)
 Individual forecasting project (20%)
 Linear programming interpretations
 Individual (10%)
 Team (10%)
 Team decision tree analysis(7.5%)
 Team, (in class), simulation project (7.5%)
 Team take-home examination (15%)
 In-class, individual, examination (20%)
Workload
Workload
0.09
0.08
0.07
% of grade
0.06
0.05
0.04
0.03
0.02
0.01
0
1
2
Forecasting
3
LP1
4
5
6
LP2 (grp)
7
8
9
10
Calendar Week
Interfaces
11
12
13
Take home Exam (grp)
14
Exam
15
16
Homework
 Assignment
 Emailed to listserv
 Blackboard Announcement
 http://astro.temple.edu/~hweiss/emba/prepForSt
at5802OverBreak.doc
Homework is due no later than Jan 9
Homework 1 of 5
QM for Windows
 Install POM-QM for Windows, V4 from
http://astro.temple.edu/~hweiss/emba/software/
Try solving a linear regression from your Statistics 5801
class using POM-QM for Windows . (The module for
regression is forecasting)
Help has tutorials and a manual
Homework 2 of 5
Excel QM
 Install Excel QM from
http://astro.temple.edu/~hweiss/emba/software/
 Security in Excel must be set properly for the add-
in to work
 Try solving a linear regression from your Stat class
using Excel QM . (The module for regression is
forecasting)
Homework 3 of 5
Excel’s Solver
 Excel 2007
 Go to the Data Tab and make certain that Solver is
one of the items. If it is not, then go to Microsoft
Office Button, Excel Options, Addins and check
the Solver box.
Homework 4 of 5
Interfaces
 Select the article that you would like to write about.
See the syllabus for instructions about exactly what
needs to be written. I suggest that you use the search
feature and search for a keyword that interests you. For
example, you might search for articles about the
industry in which you work.
 Email me the information on the article no later than
January 9.





Title
Authors
Volume
Number
Keywords
Homework 5 of 5
Forecasting Project Data Set
 Time series
 A sequence of observations of a single
measurement (e.g., sales) over time.
 Seasons




Quarters
Months
Days of week
Hours of days
 Four complete cycles




16 (4 * 4) quarters
48 (4 * 12) months of data
20 (4 * 5) or 28 (4 * 7) days of data
96 (4 * 24) hours of data
 We will use this data set on the first
weekend of class
Questions
 If you have any problems or questions with
any of this assignment then be sure to
contact me.
 hweiss@temple.edu