Final Examination Math 540 Quantitative Methods Good luck on the exam. I hope you have enjoyed the course. Dr. West Multiple Choice (2 points each) (Select 8 – drop 1) ______1) For your project‚ what one way will not possibly generate increased profit? a) Increase your building space or lot size. b) Decrease the money paid to employees. c) Refinance the loan at a lower rate. d) Charge more for
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* Question 1 2 out of 2 points | | | Which of the following statements is CORRECT?Answer | | | | | Selected Answer: | If CF0 is positive and all the other CFs are negative‚ then you can still solve for I. | Correct Answer: | If CF0 is positive and all the other CFs are negative‚ then you can still solve for I. | | | | | * Question 2 2 out of 2 points | | | You plan to analyze the value of a potential investment by calculating the sum of the present values
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CLICK TO DOWNLOAD MAT 540 Midterm Exam 1. Deterministic techniques assume that no uncertainty exists in model parameters. 2. A continuous random variable may assume only integer values within a given interval. 3. 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. 4. A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and
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MA1506 TUTORIAL 1 1. Solve the following differential equations: (a) x(x + 1)y = 1 (b) (sec(x))y = cos(5x) (c) y = e(x−3y) (d) (1 + y)y + (1 − 2x)y 2 = 0 Use www.graphmatica.com to sketch the functions you found as solutions of [a]-[d]‚ if y = 1/2 at x = 1. Graphmatica can also directly sketch the graph if you insert the equation itself; for example‚ in [a] you just enter x(x + 1)dy = 1 {1‚ 1/2}. [curly brackets for the initial conditions‚ with x followed by y.] Here dy represents
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Chapter 1 - Section 1.1 Write the interval of real numbers in interval notation and graph it. See Example 5. 50. The set of real numbers less than or equal to -4 Consider the following nine integers: -4‚ -3‚ -2‚ -1‚ 0‚ 1‚ 2‚ 3‚ 4 94. Which of these integers has an absolute value greater than 1? Solution: -4‚ -3‚ -2‚ 2‚ 3‚ 4 Write the interval notation for the interval of real numbers shown in the graph. __________________ -50 -40 -30 -20
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CLICK TO DOWNLOAD MAT 540 MIDTERM EXAM 1. Regret is the difference between the payoff from the best decision and all other decision payoffs. 2. Variable costs are independent of volume and remain constant. 3. Regret is the difference between the payoff from the 4 A _________ period of real time is represented by a __________ period of simulated time. 5. A seasonal pattern is an up-and-down repetitive movement within a trend occurring periodically 6. A trend is a gradual‚
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Julia’s Food Booth MAT 540: Quantiative Methods Professor Paul Hollandsworth February 28‚ 2013 Julia’s Food Booth * (A) Formulate and solve an L.P. model for this case. * Please see attached excel file. * (B) Evaluate the prospect of borrowing money before the first game. * Julia does not need to borrow money if she does not want to. She can still make over $1000 profit without it. However‚ She will not be able to hire help and stay above $1000. If she was to decide to
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CLICK TO DOWNLOAD MAT 540 MIDTERM EXAM 1. Deterministic techniques assume that no uncertainty exists in model parameters. 2. A continuous random variable may assume only integer values within a given interval. 3. A joint probability is the probability that two or more events that are mutually exclusive can occur simultaneously. 4. A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and branches. 5. A table of random numbers must be
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MAT 540 Quiz 4 1.___________is maximized in the objective function by subtracting cost from revenue Profit Revenue Cost Productivity 2. In a media selection problem‚ instead of having an objective of maximizing profit or minimizing cost‚ generally the objective is to maximize the audience exposure True False 3. Media selection is an important decision that advertisers have to make. In most media selection decisions‚ the objective of the decision maker is to minimize cost. True False 4. The
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Julia’s Food Booth Based on the LP model to maximize profit with the established constraints Julia should sell pizza and hotdogs and not BBQ sandwiches. Based on this model Julia will earn $2250.00 in profit. After buying food supplies for the next game she will have $750 remaining ($2250-1500). Julia’s goal was to clear $1000 in profit which she was not able to meet. It is not clear how Julia is paying for the booth rental each game‚ but assuming she is covering the costs with her profits from
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