| | | | | Question 4 2 out of 2 points | | | Probabilistic techniques assume that no uncertainty exists in model parameters. Answer | | | | | Selected Answer: | False | Correct Answer: | False | | | | | Question 5 2 out of 2 points | | | P(A | B) is the probability of event A‚ if we already know that event B has occurred. Answer | | | | | Selected Answer: | True | Correct Answer: | True | | | | | Question 6 2 out of 2 points
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profit is therefore $160 - $140 = $20. 2. 100 Km/hr because that is the top speed of the bus. 3. The man had to reply the number of characters in the word the Doorman was asking. He should have replied "Three" instead of "Five". 4. There are 5 women‚ 1 man and 14 children.
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Question 5 . P(A | B) is the probability of event A‚ if we already know that event B has occurred. . Answer True False 2 points =T Question 6 . A binomial probability distribution indicates the probability of r successes in n trials. . Answer True False 2 points =T Question 7 . A continuous random variable may assume only integer values within a given interval. Answer True False 2 points =F Question 8 . The purpose of break-even analysis is to determine
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Quiz 2 Chapters 4 & 5__TEAM A week 5________________________ 1) Use the standard normal distribution to find P(-2.25 < z < 1.25). A) .0122 B) .8821 C) .8944 D) .4878 P(-2.25 < z < 1.25) = F(1.25) - (1 - F(2.25)) = 0.89435 - (1 - 0.987776) = 0.882126 2) Before a new phone system was installed‚ the amount a company spent on personal calls followed a normal distribution with an average of $ 900 per month and a standard deviation of $50 per month. Refer to such expenses as PCE’s (personal call
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investment? 5 points 2. What are at least three risk factors that Heru should be considering in evaluating the project? What types of risk do they represent? 5 points 3. Is there one scenario or input that has more impact on the forecast than others? 5 points 4. Which scenario is a better financial decision for the company based on the information in the case; pay a higher opening cost and lower operating expenses‚ or a lower opening cost‚ and higher operating expense. 5 points
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Week 1 quiz Week 1‚ Quiz 1 Points Received 40/40 (100%) 1. Total cost equal the fixed cost plus the variable cost per unit divided by volume • True • False 2. Objective probabilities that can be stated prior to the occurrence of an event are • Subjective • A priori • Classical or a priori • None of the above 3. An experiment is an activity that results in one of several possible outcomes. • True
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False Correct Answer: True • Question 4 2 out of 2 points In general‚ an increase in price increases the break even point if all costs are held constant. Answer Selected Answer: False Correct Answer: False • Question 5 2 out of 2 points A continuous random variable may assume only integer values within a given interval. Answer Selected Answer: False Correct Answer: False • Question 6 2 out of 2 points If events A and B are independent
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Question 4 .2 out of 2 points A systematic approach to model formulation is to first construct the objective function before determining the decision variables. Answer Selected Answer: False Correct Answer: False . Question 5 .2 out of 2 points Product mix problems cannot have "greater than or equal to" (≥) constraints. Answer Selected Answer: False Correct Answer: False . Question 6 .2 out of 2 points In formulating a typical diet problem using
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write your answer in the space provided. For Question 3 all working must be shown. Total marks for the test = 10. Time: 50 minutes writing time (no reading time) Question 1 (2 Marks ) (i) Vincent invested a sum of $5‚000 in a bank account earning 5½% p.a simple interest on 1 September 2003. On what date will Vincent’s bank account reach an accumulated balance of $5‚039.18? 23 October 2003 (ii) A 90-day note is to mature for $2‚000 plus simple interest at 7% p.a. Calculate the maturity payment
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Answer: True Correct Answer: True Question 4 2 out of 2 points Probabilistic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: False Correct Answer: False Question 5 2 out of 2 points The events in an experiment are mutually exclusive if only one can occur at a time. Answer Selected Answer: True Correct Answer: True Question 6 2 out of 2 points If events A and B are independent
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