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MSIS Final Exam 3223 Ali Okstate Questions & Answers 100% Correct!!
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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...

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  • November 1, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • msis final exam 3223 ali okstate questions answe
  • msis final exam 3223 stuvia 2024
  • the process of developing good useful and corre
  • in predictive modeling validity refers to how we

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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

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