MATH 107 NAME:_______________________ EXAM 2 Show all work for credit and keep answers exact when possible. 1. Classify the following statement as an example of classical‚ empirical‚ or subjective probability and explain your reasoning. According to your doctor he feels the chance of you surviving a surgery is 0.85. Subjective; based upon his feelings. 2. Determine the two events described in the study. Do the results indicate that the events are independent or dependant?
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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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The overall 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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CLICK TO DOWNLOAD MAT 540 Week 2 Quiz Question 1 If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Question 2 Parameters are known‚ constant values that are usually coefficients of variables in equations. Question 3 Probabilistic techniques assume that no uncertainty exists in model parameters. Question 4 In general‚ an increase in price increases the break even point if all costs are held constant. Question 5 P(A | B) is the
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increases the break even point if all costs are held constant. . Answer True False 2 points =F Question 3 . Fixed cost is the difference between total cost and total variable cost. . Answer True False 2 points =T Question 4 . Probabilistic techniques assume that no uncertainty exists in model parameters. . Answer True False 2 points =F Question 5 . P(A | B) is the probability of event A‚ if we already know that event B has occurred. . Answer True
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Selected Answer: True Correct Answer: True • Question 3 0 out of 2 points Fixed cost is the difference between total cost and total variable cost. Answer Selected Answer: 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
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False Correct Answer: False Question 3 2 out of 2 points Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer Selected 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
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Correct Answer: False . Question 3 2 out of 2 points If we are solving a 0-1 integer programming problem‚ the constraint x1 ≤ x2 is a conditional constraint. Answer Selected Answer: True Correct Answer: True . Question 4 .2 out of 2 points If we are solving a 0-1 integer programming problem with three decision variables‚ the constraint x1 + x2 + x3 ≤ 3 is a mutually exclusive constraint. Answer Selected Answer: False Correct Answer: False . Question
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P: A small movie has been made showing the accomplishments of our almost a year old Math club‚ Radicals and will be presented by K: We will work hard to increase the length of the movie with each year to come. P: Any path cannot be walked upon without the words from our mentors. I would like to call upon the Teacher-In -Charge‚ Joshi to come forward and say a few words. K: Thank You‚ Sir‚ Associate Dean sir‚ we are eager to have a few motivational lines from you. P: Thank you sir. K: Throughout
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Week 5 : Capital Budgeting Tools and Analysis/Cash Flow Estimation and Risk Analysis - Quiz#4 1. Brown & Sons recently reported sales of $100 million‚ and net income equal to $5 million. The company has $70 million in total assets. Over the next year‚ the company is forecasting a 10 percent increase in sales. Since the company is at full capacity‚ its assets must increase in proportion to sales. The company also estimates that if sales increase 10 percent‚ spontaneous liabilities will increase
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