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2024 Newest|BUS-660 Quantitative Methods Study Guide| UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED ANSWERS|GET IT 100% ACCURATE

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2024 Newest|BUS-660 Quantitative Methods Study Guide| UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED ANSWERS|GET IT 100% ACCURATE The difference between the transportation and assignment problems is that - ANSWER-each supply and demand value is 1 in the assignment problem I...

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2024 Newest|BUS-660 Quantitative Methods Study Guide|2024-2025
UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND
VERIFIED ANSWERS|GET IT 100% ACCURATE

The difference between the transportation and assignment problems is that -

ANSWER✔✔-each supply and demand value is 1 in the assignment problem

In comparing different policies using simulation, one should use the same set of

random numbers whenever possible. - ANSWER✔✔-True

A quantity that is difficult to measure with certainty is called a - ANSWER✔✔-

probabilistic input

Models with a finite calling population - ANSWER✔✔-Use the size of the population as

parameter in the operating characteristics formulas

The number of units expected to be sold is uniformly distributed between 300 and 500.

If r is a random number between 0 and 1, then the proper expression for sales is -

ANSWER✔✔-300 + r(200)

In an all-integer linear program, - ANSWER✔✔-all variables must be integer.

Blending problems arise whenever a manager must decide how to - ANSWER✔✔-mix

two or more resources to produce one or more products.

Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
Page 1/13

, Revenue management methodology was originally developed for - ANSWER✔✔-an

airline.

A transshipment problem is a generalization of the transportation problem in which

certain nodes are neither supply nodes nor destination nodes. - ANSWER✔✔-True

A requirement that two 0-1 variables both be either in or out of a solution together is a -

ANSWER✔✔-corequisite constraint

Before waiting lines can be analyzed economically, the arrivals' cost of waiting must be

estimated. - ANSWER✔✔-True

If arrivals occur according to the Poisson distribution every 20 minutes, then which is

NOT true? - ANSWER✔✔-λ = 20 arrivals per hour

Let A, B, and C be the amounts invested in companies A, B, and C. If no more than 50%

of the total investment can be in company B, then - ANSWER✔✔-−.5A + .5B − .5C ≤ 0

Which of the following is the most useful contribution of integer programming? -

ANSWER✔✔-using 0-1 variables for modeling flexibility

Which of the following statements is INCORRECT regarding the advantages of

simulation? - ANSWER✔✔-Simulation guarantees an optimal solution.

Simulation is a trial-and-error approach to problem solving. - ANSWER✔✔-True

Copyright ©EMILYCHARLENE2025. ALL RIGHTS RESERVED
Page 2/13

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Exam (elaborations)

2024 Newest|BUS-660 Quantitative Methods Study Guide| UPDATE|COMPREHENSIVE FREQUENTLY MOST TESTED QUESTIONS AND VERIFIED ANSWERS|GET IT 100% ACCURATE

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