1. ---- is the ability to express your feelings‚ opinions‚ beliefs and wants directly‚ openly and honestly‚ while not violating the personal rights of others (assertiveness) 2. --- people are motivated by personal rights and willingly confront others who are abusing their rights (assertive) 3. “You failed the exam because you didn’t think it was important to study‚” is an example of analyzing and interpreting (True) 4. “you never listen to the rest of us.” This statement made in a meeting is most
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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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• Question 1 10 out of 10 points Which of the following statements about purchasing enterprise system packages is false? Answer Selected Answer: ERP systems typically involve a lot of custom interfaces to legacy systems. • Question 2 10 out of 10 points Which criterion should a firm consider when evaluating candidate software packages? Answer Selected Answer: all of the above • Question 3 10 out of 10 points Which of the following is a factor
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Julia’s Food Booth Julia Robertson is a senior at Tech‚ and she’s investigating different ways to finance her final year at school. She is considering leasing a food booth outside the Tech stadium at home football games. Tech sells out every home game‚ and Julia knows‚ from attending the games herself‚ that everyone eats a lot of food. She has to pay $1‚000 per game for 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
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A. Formulate a linear programming model for Julia that will help you to advise her if she should lease the booth. Let‚ X1 =No. of pizza slices‚ X2 =No. of hot dogs‚ X3 = No. of barbeque sandwiches * Objective function co-efficient: The objective is to maximize total profit. Profit is calculated for each variable by subtracting cost from the selling price. For Pizza slice‚ Cost/slice=$4.5/6=$0.75 | X1 | X2 | X3 | SP | $1.50 | $1.60 | $2.25 | -Cost | 0.75 | $0.50 | $1.00 |
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Julia’s Food Booth Strayer University Quantitative Methods – MAT 540/ Spring 2012 Dr. Buddy Bruner May 19‚ 2012 A) Formulate and solve an L.P. model for this case. [pic] [pic] B) Evaluate the prospect of borrowing money before the first game. After observing the ranging chart calculations indicate that the upper bound in the budget is equal to 1638.4. The original value of the budget
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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 3 Question 1 .2 out of 2 points Correct The following inequality represents a resource constraint for a maximization problem: X + Y ≥ 20 Answer Selected Answer: False Correct Answer: False Question 2 .2 out of 2 points Correct Graphical solutions to linear programming problems have an infinite number of possible objective function lines. Answer Selected Answer: True Correct Answer: True Question 3 .2 out of 2 points Correct Surplus variables are only associated
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Assignment #3: JULIA`S FOOD BOOTH A. Julia would make $1150 profit after paying all expenses after the first game. And then she would make $1721.22 for the rest of the games. Since she will be clearing her number of $1000 profit per game‚ she should lease the booth. B. If she borrows money from a friend she would increase her profit. She would borrow $380.82 from a friend and she will make $571.22 more profit. The factor that constraints her from borrowing even more money is the total
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Sandwiches p‚H‚B >= 0 . si>= 0 Based on QM for windows l solution the optimum solution: Pizza (p) = 1250; Hotdogs(H) = 1250 and Barbecue sandwiches (B) = 0 Maximum value of Z = $2250 Julia should stock 1250 slices of pizza‚ 1250 hot dogs and no barbecue sandwiches. Maximum Profit = $2250. |Maximum Profit
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