True Correct Answer: True Question 3 2 out of 2 points The Delphi method develops a consensus forecast about what will occur in the future. Answer Selected Answer: True Correct Answer: True Question 4 2 out of 2 points In regression models based on time-series data‚ the dependent variable is time or some function of time and the focus is on predicting the future. Answer Selected Answer: False Correct Answer: False
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Quiz 2 Chapters 4 & 5__TEAM A week 5________________________ 1) Use the standard normal distribution to find P(-2.25 < z < 1.25). A) .0122 B) .8821 C) .8944 D) .4878 P(-2.25 < z < 1.25) = F(1.25) - (1 - F(2.25)) = 0.89435 - (1 - 0.987776) = 0.882126 2) Before a new phone system was installed‚ the amount a company spent on personal calls followed a normal distribution with an average of $ 900 per month and a standard deviation of $50 per month. Refer to such expenses as PCE’s (personal call
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out of 2 points In a transportation problem‚ a demand constraint (the amount of product demanded at a given destination) is a less-than-or equal-to constraint (≤). Answer Selected Answer: False Correct Answer: False . Question 4 .2 out of 2 points A systematic approach to model formulation is to first construct the objective function before determining the decision variables. Answer Selected Answer: False Correct Answer: False . Question 5 .2 out of
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2. What are at least three risk factors that Heru should be considering in evaluating the project? What types of risk do they represent? 5 points 3. Is there one scenario or input that has more impact on the forecast than others? 5 points 4. Which scenario is a better financial decision for the company based on the information in the case; pay a higher opening cost and lower operating expenses‚ or a lower opening cost‚ and higher operating expense. 5 points
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solving AACSB: Analytic skills 3) Management scientists use the terms "data" and "information" interchangeably--that is‚ the two terms mean the same thing Answer: FALSE Diff: 2 Page Ref: 4 Section Heading: The Management Science Approach to Problem Solving Keywords: data AACSB: Analytic skills 4) A management science solution can be either a recommended decision or information that helps a manager make a decision Answer: TRUE Diff: 2 Page Ref: 5 Section Heading: The Management
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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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Answer: True Correct Answer: True • Question 3 5 out of 5 points A continuous random variable may assume only integer values within a given interval. Answer Selected Answer: False Correct Answer: False • Question 4 5 out of 5 points A decision tree is a diagram consisting of circles decision nodes‚ square probability nodes‚ and branches. Answer Selected Answer: False Correct Answer: False • Question 5 5 out of 5 points Simulation
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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 | Status | Completed | Score | 150 out of 200
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Quiz 1 1. Sociologists study information systems with an eye to understanding: a. how systems affect individuals‚ groups‚ and organizations. b. how human decision makers perceive and use formal information. c. how new information systems change the control and cost structures within the firm. d. the production of digital goods. 2. From a business perspective‚ raw data is transformed systematically during various stages‚ transforming it into valuable information‚ in a process called:
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Selected Answer: False Correct Answer: False Question 3 Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer Selected Answer: True Correct Answer: True Question 4 If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Answer Selected Answer: False Correct Answer: False Question 5 If events A and B are independent
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