Quantitative Methods

Review Test Submission: Midterm Exam SKIP TO COURSE MENU SKIP TO TOP FRAME TABS
Content
User
Course
Quantitative Methods
Test
Midterm Exam
Started
2/5/14 10:13 PM
Submitted
2/6/14 2:13 AM
Status
Completed
Attempt Score
120 out of 200 points
Time Elapsed
4 hours, 0 minute out of 4 hours.
Instructions

Question 1
5 out of 5 points

Deterministic techniques assume that no uncertainty exists in model parameters. Answer

Selected Answer: True
Correct Answer: True

Question 2
5 out of 5 points

An inspector correctly identifies defective products 90% of the time. For the next 10 products, the probability that he makes fewer than 2 incorrect inspections is 0.736.
Answer

Selected Answer: True
Correct Answer: True

Question 3
5 out of 5 points

A continuous random variable may assume only integer values within a given interval. Answer

Selected Answer: False
Correct Answer: False

Question 4
0 out of 5 points

A decision tree is a diagram consisting of circles decision nodes, square probability nodes, and branches.
Answer

Selected Answer: True
Correct Answer: False

Question 5
5 out of 5 points

Starting conditions have no impact on the validity of a simulation model.
Answer

Selected Answer: False
Correct Answer: False

Question 6
5 out of 5 points

A table of random numbers must be normally distributed and efficiently generated.
Answer

Selected Answer: False
Correct Answer: False

Question 7
5 out of 5 points

The Delphi develops a consensus forecast about what will occur in the future.
Answer

Selected Answer: True
Correct Answer: True

Question 8
5 out of 5 points

Qualitative methods are the least common type of forecasting method for the long-term strategic planning process.
Answer

Selected Answer: False
Correct