Probability & Statistics for Technology Management
Restaurants -- Management, Restaurants -- Business forecasting, Chebyshev approximation, Restaurants -- Statistical analysis
The main purpose of this project is to use and apply the tools that we learn from class to real situation in the real world. This project mainly focus on how well the statistic theory can be used to approximate the data. This project will focus on a number of customers who come to use Thai restaurant per hours. We have a numbers of customers as our random variable. We use cCebyshev’s theory and three more theory to fine the probability comparing to empirical probability. Then, we discuss how well the theory can predict empirical probability.
Dachavorawuth, Kitti and Sumitsawan, Wissanu, "Empirical and Theoretical Distribution Comparison “Customer Analysis”" (2002). Engineering and Technology Management Student Projects. 1625.