Mat540 Midterm
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Amy Mclaughlin Quantitative Methods Midterm Exam 11/6/11 5:27 PM 11/6/11 6:56 PM Completed 195 out of 200 points
Time Elapsed 1 hour, 28 minutes out of 4 hours. Instructions false Question 1 5 out of 5 points Regret is the difference between the payoff from the best decision and all other decision payoffs.
Answer Selected Answer: Correct Answer: Question 2 5 out of 5 points Variable costs are independent of volume and remain constant. True True
Answer Selected Answer: False
Correct Answer: Question 3 5 out of 5 points
False
Regret is the difference between the payoff from the Answer Selected Answer: best decision and all other decision payoffs Correct Answer: best decision and all other decision payoffs Question 4 5 out of 5 points A _________ period of real time is represented by a __________ period of simulated time. Answer Selected Answer: long / short Correct Answer: long / short Question 5 5 out of 5 points A seasonal pattern is an up-and-down repetitive movement within a trend occurring periodically.
Answer
Selected Answer: Correct Answer: Question 6 5 out of 5 points
True True
A trend is a gradual, long-term, up or down movement of demand.
Answer Selected Answer: Correct Answer: Question 7 5 out of 5 points A model is a functional relationship and include: Answer Selected Answer: all of the above Correct Answer: all of the above Question 8 5 out of 5 points Random numbers are equally likely to occur. True True
Answer Selected Answer: True
Correct Answer: Question 9 5 out of 5 points
True
Which of the following is not an alternative name for management science? Answer Selected Answer: decision support systems Correct Answer: decision support systems Question 10 5 out of 5 points It's often ____________ to validate that the results of a simulation truly replicate reality. Answer Selected Answer: difficult Correct Answer: difficult Question 11 5 out of 5
Amy Mclaughlin Quantitative Methods Midterm Exam 11/6/11 5:27 PM 11/6/11 6:56 PM Completed 195 out of 200 points
Time Elapsed 1 hour, 28 minutes out of 4 hours. Instructions false Question 1 5 out of 5 points Regret is the difference between the payoff from the best decision and all other decision payoffs.
Answer Selected Answer: Correct Answer: Question 2 5 out of 5 points Variable costs are independent of volume and remain constant. True True
Answer Selected Answer: False
Correct Answer: Question 3 5 out of 5 points
False
Regret is the difference between the payoff from the Answer Selected Answer: best decision and all other decision payoffs Correct Answer: best decision and all other decision payoffs Question 4 5 out of 5 points A _________ period of real time is represented by a __________ period of simulated time. Answer Selected Answer: long / short Correct Answer: long / short Question 5 5 out of 5 points A seasonal pattern is an up-and-down repetitive movement within a trend occurring periodically.
Answer
Selected Answer: Correct Answer: Question 6 5 out of 5 points
True True
A trend is a gradual, long-term, up or down movement of demand.
Answer Selected Answer: Correct Answer: Question 7 5 out of 5 points A model is a functional relationship and include: Answer Selected Answer: all of the above Correct Answer: all of the above Question 8 5 out of 5 points Random numbers are equally likely to occur. True True
Answer Selected Answer: True
Correct Answer: Question 9 5 out of 5 points
True
Which of the following is not an alternative name for management science? Answer Selected Answer: decision support systems Correct Answer: decision support systems Question 10 5 out of 5 points It's often ____________ to validate that the results of a simulation truly replicate reality. Answer Selected Answer: difficult Correct Answer: difficult Question 11 5 out of 5