The planning process Planning is the process used by managers to identify and select goals and courses of action for the organization The organizational plan that results from the planning process details the goals to be attained o The pattern of decisions managers take to reach these goals is the organizations strategy
Importance of Good Communication o Good communication allows a firm to a Learn new skills and technologies a Become more responsive to customers Improve quality of their product or service Foster innovation eFfective communication is needed by all Managers Irwin/McGraw-Hill
Operations Management Refers to the management of the production system that transforms inputs into finished goods and services o Production system: the way a firm acquires inputs then converts and disposes outputs oOperations managers: responsible for the transformation process from inputs to outputs Operations management seeks to increase the quality
Unit 9 Are Dreams as Vital as sleep? I Objective Unders tanding \Dreams ts movement Aware some famous theories of dreams I Time arrangement Text:2 hour o Discussion: 0.5 hour Ⅲ Related Information History of Dreams
Some Terminology o In the simple linear regression model where y=Bo+ Bx+ u, we typically refer to y as the a Dependent variable, or a Left-Hand Side Variable. or Explained variable, or Regressand
Unit 1 Reading o Directions: There are 3 passages in this unit. Each passage is followed by some questions or unfinished statements For each of them there are four choices marked A), B), C)and
J Chapter 5- Learning objectives Construct and interpret a contingency table Frequencies, relative frequencies cumulative relative frequencies Determine the probability of an event Construct and interpret a probability tree with sequential events Use Bayes Theorem to revise a probability Determine the number of combinations or permutations of n objects rat a time o 2002 The Wadsworth Group
