<b>An introduction to the use of probability models for analyzing risk and economic decisions, using spreadsheets to represent and simulate uncertainty.</b><p>This textbook offers an introduction to the use of probability models for analyzing risks and economic decisions. It takes a learn-by-doing approach, teaching the student to use spreadsheets to represent and simulate uncertainty and to analyze the effect of such uncertainty on an economic decision. Students in applied business and economics can more easily grasp difficult analytical methods with Excel spreadsheets. </p><p>The book covers the basic ideas of probability, how to simulate random variables, and how to compute conditional probabilities via Monte Carlo simulation. The first four chapters use a large collection of probability distributions to simulate a range of problems involving worker efficiency, market entry, oil exploration, repeated investment, and subjective belief elicitation. The book then covers correlation and
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Psychology has insights relevant to all majors, all people. As a hub science, it also provides foundational material for many other scientific disciplines. Cacioppo/Freberg/Cacioppo''s DISCOVERING PSYCHOLOGY: THE SCIENCE OF MIND, 4th edition,...
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<P>This textbook provides a practical guide to grammar and style choices for college writers, giving students a basic vocabulary for thinking and talking about language use and enabling them to make purposeful choices in their writing.</P><P>Each...
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Drawing from captivating examples, lively visuals and the latest research, Goldstein/Cacciamani''s SENSATION AND PERCEPTION, 11e, takes you on an intriguing journey through the senses, equipping you with a thorough understanding of perceptual...
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