Risk Assignment

498 Assignment 4 Spring 2013 Due Date: March 26, 2013 1. Consider the Luxury Seaside Hotel Risk Management case you put together in your previous assignment. Answer the following questions regarding each one of the risk sources you have identified (at least 4). i)If you desired to follow a statistical approach in the assessment of the risk, what hard data would you need, what hard data do you think would be available, what near accident data could be used to support the available insufficient accident/failure data? i) What would be the key probability distributions of interest, which of these do you think you would be able to estimate (given the data environment that you have imagined in (i))? iii)What regression relationships would be of interest, which of these do you think you would be able to accomplish (given the data environment that you have imagined in (i))? Guideline for Answering / Grading: i)Data availability/unavailability scenarios should be reasonable and based on facts, observations, assumptions, examples, beliefs. the related discussions could be very brief). ii)Suggestions for the key random variables and the associated probability functions should be clearly stated and based on well founded arguments (again, the related discussions need not be very long). Parameters of these distributions and how are they to be estimated from the data environment imagined in (i) should be clearly stated. ii)Suggestions for the regression relationships should be clearly stated and based on well founded arguments (again, the related discussions need not be very long).
Related independent and dependent variables should be well defined. 2. A researcher from Virginia Polytechnic Institute and State University is interested in how variables, such as GRE (Graduate Record Exam scores), GPA (grade point average) and prestige of the undergraduate institution, effect admission into graduate school. Since the response variable, admit/don’t admit, is a binary variable, she considered logistic regression.
A small data set is conducted to fit a logistic regression equation relating the admit/don’t admit decision y to GRE score x1, GPA score x2, and prestige of the undergraduate institution x3.. The data set is ready in both excel and SPSS data format, which can be obtained from course website by downloading binary. xlsx or binary. sav. The purpose of this homework is to use logistic regression to arrive at an appropriate model that predicts the outcome variable admit, using gre, gpa, and rank.

Don't use plagiarized sources. Get Your Custom Essay on
Risk Assignment
Just from $13/Page
Order Essay
Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
error: Content is protected !!
Live Chat 1 763 309 4299EmailWhatsApp

Order your essay today and save 15% with the discount code GINGER