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OMGT || QUESTIONS WITH 100% CORRECT ANSWERS.
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  • OMGT
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If a number is generated from the discrete table of values shown below using the function =VLOOKUP(0.45,Table,2), then the function will return the value ... 100. 0.30 150 0.20 200 0.30 250 0.15 300 0.05 correct answers 150 A normally distributed random variable with a mean of 10 and a st...

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  • August 7, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • if a number is generated from the discrete table o

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OMGT || QUESTIONS WITH 100% CORRECT
ANSWERS.
If a number is generated from the discrete table of values shown below using the function
=VLOOKUP(0.45,Table,2), then the function will return the value ...

100. 0.30
150 0.20
200 0.30
250 0.15
300 0.05 correct answers 150

A normally distributed random variable with a mean of 10 and a standard deviation of 10 can
be generated in Excel using the formula ... correct answers =NORMINV(RAND(),10,10)

A random number with uniformly distributed integer values from 5 to 10, including both 5
and 10, can be generated with the Excel formula ... correct answers =5 +
RANDBETWEEN(0,5)

A random number with uniformly distributed integer values from 0 to 10, including both 0
and 10, can be generated in Excel using ... correct answers =RANDBETWEEN(0,10)

In order to decrease the uncertainty in a mean value estimate by a factor of two requires
_____ times as many observations. correct answers four

On general observation of the newsboy problem is that ... correct answers randomness in
amount supplied together with a supplier discount may result in higher order amounts.

A normally distributed random variable with a mean of 20 and a standard deviation of 10 can
be generated in Excel using the formula ... correct answers =NORMINV(RAND(),20,10)

In order to generate random values from the table of discrete values shown below, the
cum.prob. column should have values ...

Value Probability
10 25%
20 10%
30 30%
40 35% correct answers 0.00, 0.25, 0.35, 0.65

A random number uniformly distributed between the -5 and +10.5 can be generated with the
Excel formula ... correct answers = -5 + 15.5*RAND()

A random number uniformly distributed between 10 and 100 can be generated with the Excel
formula ... correct answers =90*RAND()+10

The base function to generate random numbers in Excel is ... correct answers RAND()

, If a number is generated from the discrete table of values shown below using the function
=VLOOKUP(0.45,Table,2), then the function will return the value ...


demand probability
100 0.30
150 0.20
200 0.30
250 0.15
300 0.05 correct answers 150

A random number with uniformly distributed integer values from 1 to 10, including both 1
and 10, can be generated in Excel using ... correct answers =INT(1+10*RAND())

A random replication of an Excel simulation model can be effected by ... correct answers
using the F9-recalculation key.

If a number is generated from the discrete table of values shown below using the function
=VLOOKUP(0.55,Table,2), then the function will return the value ...

demand Probability
100 0.20
150 0.30
200 0.15
250 0.30
300 0.05 correct answers 200

General observations from the yield management simulation are ... correct answers that
contracts for some perishable goods are systematically oversold relative to available supply.

If a number is generated from the discrete table of values shown below using the function
=VLOOKUP(0.85,Table,2), then the function will return the value ...

demand probability
100 0.30
150 0.20
200 0.30
250 0.15
300 0.05 correct answers some other number

A random number with uniformly distributed integer values from 0 to 10, including both 0
and 10, can be generated in Excel using ... correct answers =INT(11*RAND())

A random number uniformly distributed between 1 and 2 can be generated with the Excel
formula ... correct answers =1+RAND()

Suppose that demand in the newsboy simulation shown below is 225, the associated profit
is ... correct answers $500 or more.

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