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MSIS 3223 Quizzes Questions With Complete Solutions
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MSIS 3223 Quizzes Questions With Complete Solutions
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MSIS 3223 Quizzes Questions With Complete SolutionsA binding constraint is one for which the Cell Value is greater
than the right-hand side of the value of the constraint (T/F).
Correct Answer False
A bubble chart is a type of scatter chart that provides a way to
plot three variables in two dimensions (T/F). Correct Answer
True
A constraint function is a function of the decision variables in
the problem (T/F). Correct Answer True
A correlation of 0 indicates that the two variables have no linear
relationship with each other (T/F). Correct Answer True
A data set is simply a collection of data (T/F). Correct Answer
True
A database is a collection of related files (tables) containing
records on people, places, or things (T/F). Correct Answer True
A deterministic model is one in which all model input
information is either known or assumed to be known with
certainty (T/F). Correct Answer True
A good regression model has the fewest number of explanatory
variables providing an adequate interpretation of the dependent
variable (T/F). Correct Answer True
, A local optimum solution is one for which all points close by are
better than the solution (T/F). Correct Answer False
A manager at Academy wishes to know the company's revenue
and profit in its previous quarter. Predictive analytics is what the
manager should use for this task (T/F). Correct Answer False
A population consists of all items of interest for particular
decision or investigation (T/F). Correct Answer True
A probability density function: Correct Answer characterizes
outcomes of a continuous random variable.
A probability distribution is the characterization of the possible
values that a random variable may assume along with the
probability of assuming these values (T/F). Correct Answer
True
A quadratic optimization model is one that has a quadratic
objective and all linear constraints (T/F). Correct Answer True
A random variable is a numerical description of the outcome of
an experiment (T/F). Correct Answer True
A sample is subset of a population (T/F). Correct Answer True
A seasonal effect is one that describes ups and downs over a
long time frame, such as several years (T/F). Correct Answer
False
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