MSIS Final Exam 3223 Ali Okstate Questions & Answers 100% Correct!!
8 views 1 purchase
Course
MSIS 3223 Ali Okstate
Institution
MSIS 3223 Ali Okstate
The process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering
T/F - ANSWERTrue
In predictive modeling, validity refers to how well a model represents reality
T/F - ANSWERTrue
Two-way data tables can evaluate only one output variable
T/F - ANSWE...
MSIS Final Exam 3223 Ali Okstate
Questions & Answers 100% Correct!!
The process of developing good, useful, and correct spreadsheet models is known as spreadsheet
engineering
T/F - ANSWERTrue
In predictive modeling, validity refers to how well a model represents reality
T/F - ANSWERTrue
Two-way data tables can evaluate only one output variable
T/F - ANSWERTrue
Models can capture every detail of a real problem
T/F - ANSWERFalse
Verification is the process of ensuring that a model is accurate and free from logical errors
T/F - ANSWERTrue
Excel Formula Auditing tools (in the Formulas tab) help you validate the formulas and check for
errors
T/F - ANSWERTrue
One useful Excel tool is the data error feature, which allows you to define acceptable input values in
a spreadsheet and provides an error alert if an invalid entry is made
T/F - ANSWERFalse
A wide variety of practical problems in business analytics can be modeled using spreadsheets
T/F - ANSWERTrue
, Which of the following is a visual representation of a descriptive model that shows how the elements
of the model influence, or relate to, others?
Precedence diagram
Influence diagram
Scatter chart - ANSWERInfluence Diagram
Adding more realism to a model reduces its complexity
T/F - ANSWERFalse
T/F: as Monte Carlo simulation is essentially statistical sampling, the larger the number of trials used,
the more precise the results. - ANSWERTrue
T/F: Uniform or triangular distributions are used in the absence of data. - ANSWERTrue
T/F: Risk analysis seeks to examine the impact of uncertain inputs on various outputs. - ANSWERTrue
T/F: In the context of simulation, random numbers are numbers that are uniformly distributed
between 0 and 9. - ANSWERFalse
T/F: A value randomly generated from a specified probability distribution is called a random variate. -
ANSWERTrue
A constraint function is a function of the decision variables in the problem
T/F - ANSWERTrue
Any solution that satisfies all constraints of a problem is called a feasible solution
T/F - ANSWERTrue
A binding constraint is one for which the Cell Value is greater than the right-hand side of the value of
the constraint
T/F - ANSWERFalse
There are three types of organization models, linear, integer, and nonlinear
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 papersbyjol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.