Question 1 2 out of 2 points If average forecast error is positive‚ it indicates that the forecast is biased high. Answer Selected Answer: False Correct Answer: False Question 2 2 out of 2 points A seasonal effect is one that repeats at fixed intervals of time‚ typically a year‚ month‚ week‚ or day. Answer Selected Answer: True Correct Answer: True Question 3 2 out of 2 points The Delphi method develops a consensus
Premium Regression analysis Forecasting Linear regression
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
Premium Linear programming Optimization Operations research
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: The Management
Premium Decision theory Costs Variable cost
Question 1 2 out of 2 points | | | 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 2 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
Premium Normal distribution Costs Variable cost
• Question 1 2 out of 2 points Probabilistic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: False Correct Answer: False • Question 2 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 3 0 out of 2 points Fixed cost is the difference between total cost and total variable cost
Premium Normal distribution Costs Variable cost
Question 1 . Parameters are known‚ constant values that are usually coefficients of variables in equations. Answer True False 2 points =T Question 2 . In general‚ an increase in price 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
Premium Normal distribution Probability theory Costs
AND TECHNOLOGY ACST101 TECHNIQUES AND ELEMENTS OF FINANCE REVISION - LECTURES 1‚ 2 & 3 Sample Class Test 1 Instructions: For Questions 1‚ 2 and 4 write your answer in the space provided. For Question 3 all working must be shown. Total marks for the test = 10. Time: 50 minutes writing time (no reading time) Question 1 (2 Marks ) (i) Vincent invested a sum of $5‚000 in a bank account earning 5½% p.a simple interest on 1 September 2003. On what date will Vincent’s bank account reach an accumulated
Premium Finance Investment Time
Question 1 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 2 2 out of 2 points 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 3 2 out of 2 points Parameters are known‚ constant
Premium Normal distribution Costs Variable cost
Week 1 quiz Week 1‚ Quiz 1 Points Received 40/40 (100%) 1. Total cost equal the fixed cost plus the variable cost per unit divided by volume • True • False 2. Objective probabilities that can be stated prior to the occurrence of an event are • Subjective • A priori • Classical or a priori • None of the above 3. An experiment is an activity that results in one of several possible outcomes. • True
Premium Probability theory Economics Mathematics
• 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
Premium Random variable Probability theory Normal distribution