Question 1
5 out of 5 points
Deterministic techniques assume that no uncertainty exists in model parameters.
Answer
Selected
Answer: True
Correct Answer:
Tru
e
Question 2
5 out of 5 points
A continuous random variable may assume only integer values within a given interval.
Answer
S...
question 1 5 out of 5 points deterministic techniques assume that no uncertainty exists in model parameters answer selected answer true correct answer tru e question 2 5 out of 5 points a continu
Written for
Strayer University,Washington
MAT 540
All documents for this subject (3)
Seller
Follow
essaymaster
Content preview
Question 1
5 out of 5 points
Deterministic techniques assume that no uncertainty exists in model parameters.
Answer
Selected
Answer: True
Correct Answer:
Tru
e
Question 2
5 out of 5 points
A continuous random variable may assume only integer values within a given interval.
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
Starting conditions have no impact on the validity of a simulation model.
Answer
Selected
Answer: False
Correct Answer:
False
Question 6
5 out of 5 points
A table of random numbers must be normally distributed and efficiently generated.
Answer
Selected
Answer: False
Correct Answer:
False
Question 7
5 out of 5 points
Qualitative methods are the least common type of forecasting method for the longterm
strategic planning process.
Answer
Selected
Answer: False
Correct Answer:
False
Question 8
5 out of 5 points
Data cannot exhibit both trend and cyclical patterns.
Answer
, Selected
Answer: False
Correct Answer:
False
Question 9
0 out of 5 points
Assume that it takes a college student an average of 5 minutes to find a parking spot in
the main parking lot. Assume also that this time is normally distributed with a standard
deviation of 2 minutes. What time is exceeded by approximately 75% of the college
students when trying to find a parking spot in the main parking lot?
Answer
Selected
Answer:
6.4 minutes
Correct Answer:
3.7 minutes
Question 10
5 out of 5 points
__________ is a measure of dispersion of random variable values about the expected
value.
Answer
Selected Answer:
Standard
deviation
Correct Answer:
Standard deviation
Question 11
5 out of 5 points
The __________ is the expected value of the regret for each decision.
Answer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller essaymaster. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
