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Rogers, Hartley, Jr. – International Journal of Mathematics Education, 1972
Basic mathematical concepts of Managerial Economics, a way of quantitatively analyzing and structuring the making of a business decision, are presented. Advantages and disadvantages of its use in business are discussed and several recent applications are given. (DT)
Descriptors: Bayesian Statistics, Business Education, Decision Making, Economics
Novick, Melvin R.; And Others – 1971
The feasibility and effectiveness of a Bayesian method for estimating regressions in m groups is studied by application of the method to data from the Basic Research Service of The American College Testing Program. Evidence supports the belief that in many testing applications the collateral information obtained from each subset of m-1 colleges…
Descriptors: Academic Achievement, Bayesian Statistics, College Students, Colleges