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
Premium Normal distribution Random variable Cumulative distribution function
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
Premium Economics Generally Accepted Accounting Principles English-language films
information in the explanatory variables – why? What percentage of the total information in the explanatory variables is summarized in the factors that you have decided to retain? Only 4 factors will be considered in summarizing the information in the variables because there are only 4 eigen value> 1‚ which means these 4 factors will do a god job. According to the estimates‚ 64.89% of the total information in the explanatory variables in the factors will be retained. 6. Based on the results of the
Premium Mathematics Statistics Standard deviation
Patterns of Nonmarital Childbearing in U.S. MAT 540 Statistical Concepts for Research Ashford University Patterns of Nonmarital Childbearing in U.S. Introduction Trends in nonmarital childbearing in the U.S. have increased steadily since 1970 for non-Hispanic white‚ Black‚ Hispanic‚ and Asian women across all age groups (Wildsmith‚ Steward-Streng‚ and Manlove‚ 2011). Windsmith et al (2011) stated that the rise in the number of children being born outside of marriage among all ethnic and
Premium Marriage Demography Cohabitation
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
Premium English-language films Mathematics Profit
net initial outlay for this project in MMK = $95‚000 = $100‚000 + $2‚000 × + $3‚000 880 $1 = $100‚000 = 88‚000‚000 b) Calculate after-tax cash flows in MMK for years 1 through 4. Thanlyn Limited Statement of Operating Cash Flow for Year 1 to Year 4 Year 1 Year 2 Year 3 Year 4 MMK MMK MMK MMK 100‚000‚000 100‚000‚000 100‚000‚000 100‚000‚000 40‚000‚000 40‚000‚000 40‚000‚000 40‚000‚000 W1 18‚900‚000 18‚900‚000 18‚900‚000 18‚900‚000 41‚100‚000 41‚100‚000 41
Premium Cash flow Investment Finance
determined based on the cumulative outline below: 0.00 > r2 < 0.20‚ then it will take 1 day; 0.20 > r2 < 0.65‚ then it will take 2 days; 0.65 > r2 < 0.90‚ then it will take 3 days; and 0.90 > r2 < 1.00‚ then it will take 4 days. Intervals between Breakdowns Intervals between breakdowns are a probability distribution. The variables will be random and range between 0 through 6 weeks. As the time continues‚ the probability will increase. To determine this number a function
Premium Microsoft Excel Cumulative distribution function Spreadsheet
Answer: True Correct Answer: False . Question 3 .2 out of 2 points Correct Probabilistic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: False Correct Answer: False . Question 4 .2 out of 2 points Correct 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 .0 out of 2 points Incorrect If events
Premium
Let us examine the following condition of complete observations given above. Assume that $\Upsilon_{\chi}$ is taken as distribution function whose total failure times is studied using gamma distribution applied to the shape parameters $3$ together with scale parameters $2.$ On side of repair time it goes with the same way failure time with gamma distribution together with shape parameter $1‚$ and scale parameter $2$ respectively. The time $\tau$ is examined as the following $\tau=2.5‚\tau=5‚$ and
Premium Standard deviation Costs Normal distribution
decision variables‚ representing the number of barrels of wastes transported from each of the 6 plants to each of the 3 waste disposal sites: = Number of Barrels transported per week from plant ‘i’ to the j-th waste disposal site‚ where i = 1‚ 2‚ 3‚ 4‚ 5‚ 6 and j = A‚ B‚ C. The objective function of the manager is to minimize the total transportation cost for all shipments. Thus the objective function is the sum of the individual shipping costs from each plant to each waste disposal site: Minimize
Premium Transport Shipping Waste