MAT540046VA016-1132-001 Quantitative Methods Review Test Submission: Midterm Exam Menu Management Options Expand All Collapse All MAT540046VA016-1132-001 (Quantitative Methods) Course Home Student Center Announcements Email Gradebook Class Introductions Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Review Test Submission: Midterm Exam Content User | | Course | Quantitative Methods | Test | Midterm Exam | Started | 2/9/13 10:35 PM | Submitted | 2/11/13 5:07 PM
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• 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
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Introduction to Management Science‚ 11e (Taylor) Chapter 1 Management Science 1) Management science involves the philosophy of approaching a problem in a subjective manner. Answer: FALSE Diff: 1 Page Ref: 2 Section Heading: The Management Science Approach to Problem Solving Keywords: scientific approach AACSB: Analytic skills 2) Management science techniques can be applied only to business and military organizations. Answer: FALSE Diff: 1 Page Ref: 2 Section Heading:
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MAT540 Quantitative Analysis Quiz 3 TRUE/FALSE – clearly indicate your response. 1. Sensitivity analysis is the analysis of the effect of parameter changes on the optimal solution. T . 2. The sensitivity range for an objective function coefficient is the range of values over which the current optimal solution (product mix) will remain optimal. T . 3. The sensitivity range for a right-hand-side value in a constraint is the range
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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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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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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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Deterministic techniques assume that no uncertain exists in model parameters. A: True An inspector correctly identifies 90% of the time. For the next 10 products‚ the probability that he makes fewer than 2 incorrect inspections is .736. A: Use Binomial table to discover ‚ add 3 probabilities for 0‚1‚2 A continuous random variable may assume only integer values within a given interval. A: False A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes and branches
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TMAN 625 Midterm Exam‚ Spring 2012 Name Question 1 2 3 4 5 6 7 8 9 10 Late Total Score 0 0 0 0 0 0 0 0 0 0 0 0 Week 1 2 2 3 3 3 4 4 5 5 TVOM‐qualitative Annual Annuity Annual Loan Loan Annuity stocks verses bonds Discounted Payback PW‚ FW‚ AW IRR independent ‐ cost only IRR mutually exclisive TMAN625 Midterm Exam‚ Summer 2012 Name Eric D. Choi Question 1 2 3 4 5 6 7 8 9 10 Late Total Score 0 0 0 0 0 0 0 0 0 0 0 0 Question 1 Score 0 Explain where or when
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Assignment 3: Julia Bond Booth Julia is a senior at Tech‚ and a small entrepreneur. She wants to lease a food booth outside the Tech stadium for the home football games‚ so she can make profit to finance a final year. Tech sells out every home game‚ and the one thing Julia knows from attending the every games‚ is that everyone eats a lot of food. She has a booth‚ and the booths are not very large. Vendors can sell either food or drinks on Tech property‚ but not both. Only the Tech athletic department
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