MSIS 3223 EXAMS BUNDLE (COMPLETE PACKAGE)|| QUESTIONS AND ANSWERS 100% VERIFIED!!

Building spreadsheet models, often called _____________, is part art and part science - ANSWERspreadsheet engineering The Process of developing good, useful, and correct spreadsheet models is known as spreadsheet engineering A. True B. False - ANSWERTrue The Process of developing good, usef...

True - ANSWERCorrelation measures the strength and direction of a relationship between variables True - ANSWERThe Delphi approach involves the use of a series of questionnaires to achieve a consensus forecast True - ANSWERIn order to update a moving average forecast, the value of each data poi...

Addition in excel - ANSWER+ Subtraction in Excel - ANSWER- Multiplication in Excel - ANSWER* Division in Excel - ANSWER/ Raised to the power (exponentiation) - ANSWER^ How would 10 raised to the power of 2 × 5 raised to the power of 3/ 100 - 73 be represented in an Excel spreadsheet?...

What is the probability that a respondent is male and prefers arts? - ANSWER2/15 which of the following is the weighted average of the squared deviations from the expected value? - ANSWERvariance which of the following is a continuous random variable? - ANSWERnumber of students in class whi...

Operations management - ANSWER- The management of processes or systems that create goods and/or provide services. - inputs transformed into outputs (goods or services) - plays role in supply chain - works with marketing and finance It creates _____ - ANSWERVALUE added - research and investmen...

T/F: Probability is the likelihood that an outcome occurs. - ANSWERTrue. T/F: The union of two events contains all outcomes that belong to either the two events. - ANSWERTrue. T/F: Conditional probability is the probability of occurrence of one event 'A' given that another event 'B...

requirements - ANSWERProblem statements such as production must be sufficient to meet promised customer orders would be categorized as a ________ constraint. Unit Variable Cost * Quantity Produced - ANSWERVariable Cost = Fixed Cost + Variable Cost * Quantity Produced - ANSWERTotal Cost = De...

Probabilities are expressed as values between - ANSWER0 and 1 classical definition of probability - ANSWERIf the process that generates the outcome is known, probabilities can be deduced from theoretical arguments relative frequency definition - ANSWERBased on empirical data. The probability t...

In predictive modeling, verification refers to how well a model represents reality. - ANSWERFalse Requirements involve the specifications of minimum levels of performance. - ANSWERTrue In the context of simulation, random numbers are numbers that are uniformly distributed between 0 and 9. - AN...

Probability - ANSWERThe likelihood that an outcome occurs Experiment - ANSWERThe process that results in an outcome Outcome - ANSWERResult of an experiment that can be observed Sample space - ANSWERThe collection of all possible outcomes of an experiment Complement of an event - ANSWERAl...

Conditional probability is the probability of occurrence of one event 'A' given that another event 'B' is known to be true or already occurred. - ANSWERTrue Which of the following is true of normal distributions? - ANSWERThe mean, median, and mode are all equal. Probability is the ...

discount rate - ANSWERthe opportunity costs of spending funds now vs achieving a return through another investment, & the risks associated with not receiving returns until a later time. Descriptive analytics - ANSWER-summarizes data into meaningful charts and reports, for example, about budgets, ...

Covariance - ANSWERa measure of linear association between two variables, X and Y Correlation - ANSWERmeasure of the linear relationship between two variables, X and Y, which does not depend on the units of measurement. is measured by the coefficient. For two variables a __________ correlation...

Under design of work systems, all jobs need to be designed to add ___ and enable the company to achieve its objectives - ANSWERValue (T/F) The work system provides the structure for the productivity of the organization - ANSWER 3 main topics regarding work systems: - ANSWER1. Job design 2. ...

Constraints in an Optimization Model - ANSWER•Constraints are limitations, requirements, or other restrictions that are imposed on any solution, either from practical or technological considerations or by management policy. variable cost - ANSWERunit variable cost*quntity produced total cost...

Business Analytics - ANSWERThe use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about the business operations and make better, fact-based decisions. Pricing (example of business analyt...